CACommunityIndia

ITAT Deletes Rs. 70 Lakh Addition on Cash Property Purchase, Citing Lack of Evidence https://studycafe.in/itat-deletes-rs-70-lakh-addition-on-cash-property-purchase-citing-lack-of-evidence-398169.html ITAT Deletes Rs. 70 Lakh Addition on Cash Property Purchase, Citing Lack of Evidence The present appeal has been filed by Deepti Shreyas Talpade (Appellant) in the Income-Tax Appellate Tribunal (ITAT) “D” Bench, Mumbai, before Shri Beena Pillai (Judicial Member) and Smt Renu Jauhri (Accountant Member), against the ITO Ward 24(1)(5) (Respondent). The case was […]

Employee Cannot Wrongfully Retain Company Property; Such Act Is Punishable: High Court https://studycafe.in/employee-cannot-wrongfully-retain-company-property-such-act-is-punishable-high-court-398160.html Employee Cannot Wrongfully Retain Company Property; Such Act Is Punishable: High Court In the present case, the petitioner is Punita Khatter, and the respondent is Explorers Travel & Tour Pvt. Ltd, a company where the petitioner was a former managing director. The petitioner filed a petition before the Delhi High Court to challenge the notice […]

GSTN Introduces Import of Goods Functionality in Invoice Management System https://studycafe.in/gstn-introduces-import-of-goods-functionality-in-invoice-management-system-398113.html GSTN Introduces Import of Goods Functionality in Invoice Management System The government introduced the Invoice Management System (IMS) on the GST portal for the October 2024 tax period. IMS is one of the major GST technology reforms. This will allow taxpayers to efficiently view, track, and take action on the invoices uploaded by their suppliers […]

Belated Homebuyer Claims and the Finality of CIRP: NCLAT’s Reaffirmation of Procedural Sanctity in Reena v. Rabindra Kumar Mintri – By Adv. Rishi Raj https://ibclaw.in/belated-homebuyer-claims-and-the-finality-of-cirp-nclats-reaffirmation-of-procedural-sanctity-in-reena-v-rabindra-kumar-mintri-by-adv-rishi-raj/ The Reena v. Rabindra Kumar Mintri ruling marks a measured evolution in Indian insolvency jurisprudence. By recognising that procedural discipline must coexist with record-based fairness, the NCLAT reaffirmed the Code’s dual objectives of efficiency and equity. The decision neither dismantles the finality of the resolution process nor condones indiscipline; rather, it embeds justice within procedure. Going forward, the test should remain simple: if the books acknowledge the creditor, the law should too.

Homebuyers Vs. Speculative Investors: Supreme Court Reins in IBC Misuse in Mansi Brar Fernandes V. Shubha Sharma & Anr. – By Yashsvi Rathore https://ibclaw.in/homebuyers-vs-speculative-investors-supreme-court-reins-in-ibc-misuse-in-mansi-brar-fernandes-v-shubha-sharma-anr-by-yashsvi-rathore/ This evolution has also muddled the line between legitimate homebuyer protection and commercial speculation, forcing courts and regulators to struggle with the difference.

Jurisprudence on “Related Party” and COC voting under the IBC – By Shubhangi Shukla https://ibclaw.in/jurisprudence-on-related-party-and-coc-voting-under-the-ibc-by-shubhangi-shukla/ Jurisprudence on “related party” and CoC voting under the IBC achieves a pragmatic compromise: it empowers the CoC to make commercial decisions while equipping courts and tribunals to invalidate manufactured creditor claims that are designed to capture votes and subvert the insolvency process. Phoenix Arc stands as the lodestar for probing collusive transactions and peeling away sham debts.

450 Openings: Mega Walk-In Drive at Sutherland for Freshers & Experience on 05th Nov 2025 https://capage.in/450-openings-mega-walk-in-drive-at-sutherland-for-freshers-experience-on-05th-nov-2025/ Sutherland is conducting a Mega Walk-In Drive in Chennai for International Non-Voice Process roles!If you’re looking to start your career in a top BPO / BPM company with exciting global exposure — this is your chance! 📅 Walk-In Interview Details: Date: 5th November 2025Time: 10:30 AM – 2:00 PMVenue:Gateway Office Parks,A1 Block, Ground Floor,16, Grand Southern Trunk Road,Perungalathur, Chennai – 600063📞 Contact Person: Kavitha – 9445792519 💼 Job Details: Role: International Non-Voice Process (Email & Chat Support)Experience: 0 – 1 year (Freshers Welcome!)Openings: 450Location: Chennai (Work from Office)Salary: ₹90,000 – ₹2,00,000 P.A.Department: Customer Success, Service & OperationsIndustry: BPM / BPOEmployment Type: Full Time, Permanent 🧾 Job Description: As a Customer Support Executive (Non-Voice), you will: Be the primary contact for B2B customers via Email &

HCLTech Walk-In Drive for Freshers on 05th November 2025 https://capage.in/hcltech-walk-in-drive-for-freshers-on-05th-november-2025/ HCLTech, a global leader in IT services and consulting, is conducting a Mega Walk-In Drive in Chennai for freshers interested in International Voice Process roles.If you’re looking to kickstart your career with one of India’s top tech companies, don’t miss this opportunity! 📅 Walk-In Interview Details: Date: 5th November 2025Time: 10:00 AM – 2:00 PMVenue:HCL Technologies Ltd,AMB 6, South Phase, Ambattur Industrial Estate,8, Madras Thiruvallur High Road, Ambattur,Chennai, Tamil Nadu – 600058📍 Near OMR Food StreetContact Person: Sobiya 💼 Job Details: Position: Process Associate / Associate – International Voice ProcessExperience: 0 years (Freshers Eligible)Location: Chennai (Sholinganallur)Salary: ₹50,000 – ₹3,00,000 P.A.Department: Customer Success, Service & OperationsIndustry: IT Services & ConsultingEmployment Type: Full-Time, Permanent 🎯 Eligibility Criteria: Education: B.Sc, B.Com, BBA, MBA,

HDB Financial Services Mega Walk-In Drive for Freshers on 05th – 07th Nov 2025 https://capage.in/hdb-financial-services-mega-walk-in-drive-for-freshers-on-05th-07th-nov-2025/ HDB Financial Services, a leading NBFC and a subsidiary of HDFC Bank, is conducting a Mega Walk-In Drive for the position of Processor at its Andheri (East), Mumbai branch.This is an excellent opportunity for fresh graduates to begin their career journey with one of India’s top financial services companies. 📅 Walk-In Interview Details: Date: 5th – 7th November 2025Time: 10:30 AM – 4:30 PMVenue:HDB Financial Services Ltd,2nd Floor, Wilson House (DJ House), Old Nagardas Road,Near Pinky Theatre & Amboli Subway,Opp. Vasudev Chambers, Andheri (E), Mumbai – 400069📞 Landline: 022 6250 9138Contact Persons: Surabhi More / Arpita Singh 💼 Job Details: Position: ProcessorExperience: 0 years (Freshers Welcome)Location: Mumbai Suburban (Andheri East)Salary: ₹50,000 – ₹1.75 LPADepartment: Human Resources / OperationsIndustry: Banking

SpiceJet Walk-In for Freshers & Experienced on 06th Nov 2025 https://capage.in/spicejet-walk-in-for-freshers-experienced-on-06th-nov-2025/ SpiceJet, one of India’s leading airlines, is conducting a Mega Walk-In Interview for the position of Trainee Security Executive / Security Executive (Aviation Security) at Mumbai Airport.This is an exciting opportunity for freshers and experienced candidates (0–5 years) who aspire to build a career in Aviation Security & Ground Operations with one of the most reputed airlines in India. 📅 Walk-In Interview Details: Date: 6th November 2025 (Thursday)Time: 10:00 AM – 12:00 PM (Registration Window)Venue:The Orchid Hotel, 70/C, Nehru Road,Adjacent to Domestic Airport,Vile Parle (E), Mumbai – 400099, Maharashtra 💼 Job Details: Position: Trainee Security Executive / Security ExecutiveDepartment: Aviation SecurityExperience: 0 – 5 YearsLocation: Mumbai (All Areas)Industry: AviationEmployment Type: Full Time, Permanent 🛫 Job Responsibilities: Maintain surveillance

Ujjivan Small Finance Bank Walk-In Drive on 7th Nov 2025 https://capage.in/ujjivan-small-finance-bank-walk-in-drive-on-7th-nov-2025/ Ujjivan Small Finance Bank invites experienced sales professionals to join our dynamic team as Relationship Officers (Micro Mortgage). This is a great opportunity for candidates with experience in secured loan products such as Home Loans, Mortgage Loans, or Group Loans to build a rewarding career in the banking sector. 📅 Walk-In Drive Details: Date: 7th November 2025 (Friday)Time: 11:00 AM – 5:30 PMVenue:Ujjivan Small Finance Bank Ltd,Konark Indrayu Mall, Unit OS1 (A+C),Opposite Sheetal No Petrol Pump, CTS 685, S.No 7/1 & 7/2,Konark Puram, Kondhwa Khurd, Pune, Maharashtra – 411048 📞 Contact Person: Abhijeet Pawar – 7021029560📧 Email for Resume: shashank.gaikwad@ujjivan.com 💼 Job Details: Position: Relationship Officer (Micro Mortgage)Experience: 1 – 4 YearsSalary: ₹3

ITAT Hyderabad Restores Appeal as NFAC Sent Notices to Wrong Email https://taxguru.in/income-tax/itat-hyderabad-restores-appeal-nfac-notices-wrong-email.html The ITAT Hyderabad condoned a 211-day delay in filing an appeal, finding the delay was justified because the NFAC (CIT(A)) sent all crucial notices to incorrect email addresses. The Tribunal restored the appeal for fresh hearing, ruling that the ex parte dismissal violated the principles of natural justice due to improper service of notice. The post ITAT Hyderabad Restores Appeal as NFAC Sent Notices to Wrong Email (https://taxguru.in/income-tax/itat-hyderabad-restores-appeal-nfac-notices-wrong-email.html) appeared first on TaxGuru (https://taxguru.in/).

‘Make Available’ Test Fails: IT Support Reimbursement Not FIS Under India’s DTAA https://taxguru.in/income-tax/make-available-test-fails-it-support-reimbursement-fis-indias-dtaa.html ITAT deleted a Rs.54.85 crore tax addition, holding that make available clause of the India's DTAA was not satisfied because routine IT support did not enable Indian entity to apply technology without provider's ongoing reliance. A key takeaway is that mere recurring service provision, even with technical input, does not constitute make available of know-how. The post ‘Make Available’ Test Fails: IT Support Reimbursement Not FIS Under India’s DTAA (https://taxguru.in/income-tax/make-available-test-fails-it-support-reimbursement-fis-indias-dtaa.html) appeared first on TaxGuru (https://taxguru.in/).

Beyond Checklists: The Mental Skills Every Auditor Needs to Develop https://taxguru.in/chartered-accountant/checklists-mental-skills-auditor-develop.html Discover the 8 key mental skills top auditors use: remembering patterns, understanding the business story, connecting financial data, 360-degree thinking, mental math, reasonableness testing, subconscious problem-solving, and constant questioning. This is how they spot errors beyond the checklist. The post Beyond Checklists: The Mental Skills Every Auditor Needs to Develop (https://taxguru.in/chartered-accountant/checklists-mental-skills-auditor-develop.html) appeared first on TaxGuru (https://taxguru.in/).

ITAT Pune Deletes Perquisite Addition Already Included in Director’s Salary https://taxguru.in/income-tax/itat-pune-deletes-perquisite-addition-included-directors-salary.html Pune ITAT ruled against adding the perquisite value of rent-free accommodation, finding that the amount was already included and taxed as part of the directors' disclosed salary. The post ITAT Pune Deletes Perquisite Addition Already Included in Director’s Salary (https://taxguru.in/income-tax/itat-pune-deletes-perquisite-addition-included-directors-salary.html) appeared first on TaxGuru (https://taxguru.in/).

ITAT Slams “Casual Approach” for Unexplained Cash Addition: Proof from Audited Books Must Be Verified https://taxguru.in/income-tax/itat-slams-casual-approach-unexplained-cash-addition-proof-audited-books-verified.html Hyderabad ITAT set aside a CIT(A) order, deleting an addition for cash deposits during the demonetisation period because the Assessing Officer (AO) ignored 28 debtor confirmations and audited accounts. The Tribunal held that an addition under Section 68 is invalid without rejecting the genuine books of account or verifying the provided evidence of business receipts. The post ITAT Slams “Casual Approach” for Unexplained Cash Addition: Proof from Audited Books Must Be Verified (https://taxguru.in/income-tax/itat-slams-casual-approach-unexplained-cash-addition-proof-audited-books-verified.html) appeared first on TaxGuru (https://taxguru.in/).

Reassessment Held Time-Barred: Delhi HC Says No Judicial Direction to Extend Limitation u/s 153(6), Terminates Reassessment [Read Order] https://www.taxscan.in/top-stories/reassessment-held-time-barred-delhi-hc-says-no-judicial-direction-to-extend-limitation-us-1536-terminates-reassessment-1436333 The Bench rejected the Revenue’s reliance on Section 153(6), observing that no finding or direction had been issued by any court to extend the limitation period. The Court further clarified that the AO was required to complete the reassessment within 60 days of the interim stay being vacated in December 2023, which had lapsed by February 2024

Delhi HC Upholds Validity of Notification Prescribing 15% Interest for Unfulfilled Export Obligations https://www.taxscan.in/top-stories/delhi-hc-upholds-validity-of-notification-prescribing-15-interest-for-unfulfilled-export-obligations-1436328 Dismissing a writ petition challenging the levy, the Court ruled that the notification was lawfully issued under Section 25(1) of the Customs Act, 1962, and that the interest clause formed a legitimate condition of the exemption itself.

Bona Fide and Debatable Claims No Ground for Penalty: ITAT Upholds Deletion of ₹271(1)(c) Levy on New India Assurance [Read Order] https://www.taxscan.in/top-stories/bona-fide-and-debatable-claims-no-ground-for-penalty-itat-upholds-deletion-of-levy-on-new-india-assurance-1436366 The order underscores the judicial view that mere rejection of a claim does not amount to concealment or inaccuracy warranting penal action.

Delhi HC Dismisses Exporter’s Plea for IGST Refund, Holds Petition Not Maintainable Due to Concealment of Cancelled GST Registration [Read Order] https://www.taxscan.in/top-stories/delhi-hc-dismisses-exporters-plea-for-igst-refund-holds-petition-not-maintainable-due-to-concealment-of-cancelled-gst-registration-1436325 The Delhi High Court dismissed the writ petition seeking IGST refund and held that the plea was not maintainable as the petitioner had concealed the fact that its GST registration had been cancelled retrospectively, making it ineligible for any refund.