RBI Appoints Kesavan Ramachandran as New Executive Director: In-Charge of Department of Regulation (Prudential Regulation Division)
The Reserve Bank of India (RBI) has announced the appointment of Kesavan Ramachandran as Executive Director (ED) with effect from July 1, 2025. ...
![Govt Notifies Major Amalgamation of RRBs Across Four States and UT: Andhra, Bihar, Gujarat, Karnataka, and J&K [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Amalgamation-RRBs-Across-Four-States-and-UT-taxscan.jpg "Govt Notifies Major Amalgamation of RRBs Across Four States and UT: Andhra, Bihar, Gujarat, Karnataka, and J&K [Read Notification]")
![ITAT Directs AO to Delete Rs. 41.47 Lakh Addition for Unexplained Property Investment After Verifying Source of Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Directs-AO-Addition-Unexplained-Property-Investment-Verifying-Source-of-Funds-TAXSCAN.jpg "ITAT Directs AO to Delete Rs. 41.47 Lakh Addition for Unexplained Property Investment After Verifying Source of Funds [Read Order]")
ICAI dismisses Forensic Audit Report Signature Forgery Allegations against CA for Lack of Corroborative Evidence [Read Order]
The Institute of Chartered Accountants ( ICAI ) recently dismissed allegations claiming forgery of signature on forensic audit reports leveled against a Chartered Accountant ( CA ), citing the lack...
ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) deleted Rs.9.84 Lakh addition made under Section 69A of the Income Tax Act, 1961 after verifying that the cash deposits were from Rs. 10...
![ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-cash-deposits-Section-69A-of-Income-Tax-Act-TAXSCAN.jpg "ITAT deletes ₹9.84 Lakh Addition u/s 69A after Verifying Cash Deposits Linked to ₹10 Lakh Earlier Withdrawal, not Additional Income [Read Order]")
Discrepancies in Interest Income Data on E-Portal: Bombay HC quashes Notice u/s 148 of Income Tax Act [Read Order]
The Bombay High Court quashed a notice issued under Section 148 of the Income Tax Act, 1961, after discovering discrepancies in the interest income data provided by the electronic system. The...
![Discrepancies in Interest Income Data on E-Portal: Bombay HC quashes Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Bombay-High-Court-Income-Tax-Act-Interest-Income-Data-on-E-Portal-Income-Tax-E-Portal-Taxscan.jpg "Discrepancies in Interest Income Data on E-Portal: Bombay HC quashes Notice u/s 148 of Income Tax Act [Read Order]")
Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
The Delhi High Court directed the assesee’s bank, Canara Bank to comply with the instruction to vacate while executing the order for attachment on cash credit of the assessee under the Goods and...
Rejection of ITC Claim without considering Reply filed by Canara Bank: Delhi HC directs Re adjudication [Read Order]
The Delhi High Court directed re-adjudication as the proper officer rejected the claim for Input Tax Credit ( ITC ) without Considering the reply filed by Canara Bank. It was observed that if the...
No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench while upheld the addition made under Section 69 A of the Income Tax Act, 1961 held that no prudent man would retain a sum for a long period...
![No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-bangalore-redeposit-in-account-income-tax-act-ITAT-ruling-on-sum-redeposit-in-account-ITAT-decision-on-long-term-sum-retention-taxscan.jpg "No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]")