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...
![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]](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]")
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]")
UPI-Pay Now SG Linkage enables Users to receive funds from Singapore through these Major UPI Apps
Major UPI apps such as BHIM, PhonePe, and Paytm are now equipped to receive swift and secure remittances from Singapore through the UPI-Pay Now linkage. This transformative cross-border collaboration...
Amount given by Financial Creditor as Investment for Joint Venture to Corporate Debtor is not Financial Debt under IBC: NCLT
The Guwahati Bench of the National Company Law Tribunal ruled that the amount given by financial creditor as investment for joint venture to corporate debtor is not financial debt under the...
Relief to Canara Bank: Supreme Court Dismisses SLP in absence of Satisfactory Explanation for Delay [Read Order]
In the case of the Canara Bank , the Supreme Court of India dismissed the Special Leave Petition(SLP) in absence of satisfactory explanation for delay. The SLP arose out of impugned final judgment...
ITAT deletes Disallowance made u/s 36(1)(vii) of Income Tax Act in respect of Bad Debts written off by Non-Rural branches of Canara Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has annulled the disallowance under Section 36(1)(vii) of the Income Tax Act, 1961, pertaining to bad debts written off by non-rural...
![ITAT deletes Disallowance made u/s 36(1)(vii) of Income Tax Act in respect of Bad Debts written off by Non-Rural branches of Canara Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/bad-debts-written-off-by-Non-Rural-branches-of-Canara-Bank-Non-Rural-branches-bad-debts-TAXSCAN.jpg "ITAT deletes Disallowance made u/s 36(1)(vii) of Income Tax Act in respect of Bad Debts written off by Non-Rural branches of Canara Bank [Read Order]")