CACommunityIndia

EDLI Scheme Amended to Offer ₹100 Lump-Sum Penalty for Old Defaults https://taxguru.in/corporate-law/edli-scheme-amended-offer-rs-100-lump-sum-penalty-defaults.html The EDLI Scheme, 1976 is amended with a special provision for the Enrolment Campaign, setting a lump-sum damage of 100 for defaults from 2017–2025 for new members. The post EDLI Scheme Amended to Offer ₹100 Lump-Sum Penalty for Old Defaults (https://taxguru.in/corporate-law/edli-scheme-amended-offer-rs-100-lump-sum-penalty-defaults.html) appeared first on TaxGuru (https://taxguru.in/).

One Serious Criminal Case Won’t Bar Lawyers from Contesting Council Elections https://taxguru.in/corporate-law/criminal-case-wont-bar-lawyers-contesting-council-elections.html Bar Council of India amended Rule 4 on Member disqualification: Advocates are now ineligible only if two or more serious criminal cases are pending before the election. The post One Serious Criminal Case Won’t Bar Lawyers from Contesting Council Elections (https://taxguru.in/corporate-law/criminal-case-wont-bar-lawyers-contesting-council-elections.html) appeared first on TaxGuru (https://taxguru.in/).

KSCAA Seeks Parity in ITR Due Date Extension for Transfer Pricing Assessees https://taxguru.in/chartered-accountant/kscaa-seeks-parity-itr-due-date-extension-transfer-pricing-assessees.html KSCAA urged CBDT to extend due dates for assessees under Section 92E, citing an omission in Circular No. 15/2025 that created inconsistency in tax compliance timelines. The post KSCAA Seeks Parity in ITR Due Date Extension for Transfer Pricing Assessees (https://taxguru.in/chartered-accountant/kscaa-seeks-parity-itr-due-date-extension-transfer-pricing-assessees.html) appeared first on TaxGuru (https://taxguru.in/).

ITAT Deletes ₹18.47 Lakh Demonetization Cash Addition, Citing Double Taxation https://taxguru.in/income-tax/itat-deletes-rs-18-47-lakh-demonetization-cash-addition-citing-double-taxation.html The ITAT deleted the addition for cash deposits made during demonetization, concluding that taxing the same business receipts twice by first accepting sales and then applying Section 69A was unsustainable under the law. The post ITAT Deletes ₹18.47 Lakh Demonetization Cash Addition, Citing Double Taxation (https://taxguru.in/income-tax/itat-deletes-rs-18-47-lakh-demonetization-cash-addition-citing-double-taxation.html) appeared first on TaxGuru (https://taxguru.in/).

Transfer Pricing Adjustment of Rs. ₹445 Crore was quashed against Netflix India https://taxguru.in/income-tax/mumbai-itat-quashes-%E2%82%B9445-crore-transfer-pricing-adjustment-netflix-india.html Since Netflix India functioned solely as a limited-risk distributor of access, not as a licensee of content or technology, therfore, TNMM benchmarking was accepted, and the royalty-based TP adjustment of ₹444.93 crores was unsustainable. The post Transfer Pricing Adjustment of Rs. ₹445 Crore was quashed against Netflix India (https://taxguru.in/income-tax/mumbai-itat-quashes-%E2%82%B9445-crore-transfer-pricing-adjustment-netflix-india.html) appeared first on TaxGuru (https://taxguru.in/).

CA Final, Intermediate & Foundation September 2025 Exam Pass Percentage & Topper https://taxguru.in/chartered-accountant/ca-final-intermediate-foundation-september-2025-exam-pass-percentage-topper.html ICAI announced results of CA Final, Intermediate, and Foundation exams held in September 2025, detailing pass percentages, toppers, and examination statistics across all levels. The post CA Final, Intermediate & Foundation September 2025 Exam Pass Percentage & Topper (https://taxguru.in/chartered-accountant/ca-final-intermediate-foundation-september-2025-exam-pass-percentage-topper.html) appeared first on TaxGuru (https://taxguru.in/).

Procedural lapses cannot be ground to treat arrest illegal: Petition of Chaitanya Baghel dismissed https://taxguru.in/corporate-law/procedural-lapses-ground-treat-arrest-illegal-petition-chaitanya-baghel-dismissed.html Chhattisgarh High Court held that petition u/s. 528 of Bharatiya Nagarik Suraksha Sanhita filed by Chaitanya Baghel seeking quashing of illegal arrest in the matter of money laundering linked to Liquor Scam is dismissed as grounds raised are procedural lapses not amounting to illegality. The post Procedural lapses cannot be ground to treat arrest illegal: Petition of Chaitanya Baghel dismissed (https://taxguru.in/corporate-law/procedural-lapses-ground-treat-arrest-illegal-petition-chaitanya-baghel-dismissed.html) appeared first on TaxGuru (https://taxguru.in/).

Addition towards bogus accommodation entry of LTCG deleted as primary onus discharged https://taxguru.in/income-tax/addition-bogus-accommodation-entry-ltcg-deleted-primary-onus-discharged.html ITAT Mumbai held that addition for providing accommodation entries of bogus LTCG under section 68 of the Income Tax Act is rightly deleted by CIT(A) since assessee has duly discharged the primary onus. Accordingly, appeal of revenue dismissed. The post Addition towards bogus accommodation entry of LTCG deleted as primary onus discharged (https://taxguru.in/income-tax/addition-bogus-accommodation-entry-ltcg-deleted-primary-onus-discharged.html) appeared first on TaxGuru (https://taxguru.in/).

Pre-Consultation Not Mandatory Before Service Tax SCN: Madras HC https://taxguru.in/service-tax/pre-consultation-mandatory-service-tax-scn-madras-hc.html The Madras High Court ruled that absence of pre-consultation does not invalidate a show cause notice, holding that departmental circulars are not legally binding. The post Pre-Consultation Not Mandatory Before Service Tax SCN: Madras HC (https://taxguru.in/service-tax/pre-consultation-mandatory-service-tax-scn-madras-hc.html) appeared first on TaxGuru (https://taxguru.in/).

Raigad CGST Issues Grievance Redressal SOP https://taxguru.in/goods-and-service-tax/raigad-cgst-issues-grievance-redressal-sop.html Raigad CGST Commissionerate issued SOPs for taxpayer grievance redressal, introducing open house meetings, local seminars, and escalation procedures for timely issue resolution. The post Raigad CGST Issues Grievance Redressal SOP (https://taxguru.in/goods-and-service-tax/raigad-cgst-issues-grievance-redressal-sop.html) appeared first on TaxGuru (https://taxguru.in/).

Victimology in India: From Retribution to Restoration https://taxguru.in/corporate-law/victimology-india-retribution-restoration.html Victimology in India focuses on victim rights and recovery. Summary of legal framework (CrPC, BNSS), compensation schemes, theories, and rehabilitation centers like Sakhi. The post Victimology in India: From Retribution to Restoration (https://taxguru.in/corporate-law/victimology-india-retribution-restoration.html) appeared first on TaxGuru (https://taxguru.in/).

RBI Draft Guidelines to facilitate faster cross-border inward payments https://taxguru.in/rbi/rbi-releases-draft-circular-guidelines-facilitate-faster-cross-border-payments.html RBI released a draft circular to streamline cross-border inward payments, aiming for faster credit to beneficiaries and improved efficiency under the Payments Vision 2025. The post RBI Draft Guidelines to facilitate faster cross-border inward payments (https://taxguru.in/rbi/rbi-releases-draft-circular-guidelines-facilitate-faster-cross-border-payments.html) appeared first on TaxGuru (https://taxguru.in/).

Life Certificate Mandatory for Both Parents’ Enhanced Pension https://taxguru.in/corporate-law/life-certificate-mandatory-parents-enhanced-pension.html DoPPW mandates both parents receiving enhanced family pension under CCS (EOP) Rules to submit annual life certificates. This prevents overpayment upon the death of one parent. The post Life Certificate Mandatory for Both Parents’ Enhanced Pension (https://taxguru.in/corporate-law/life-certificate-mandatory-parents-enhanced-pension.html) appeared first on TaxGuru (https://taxguru.in/).

Section 115BAA and 22% Tax on Capital Gains: Delhi ITAT Ruling sparks controversy https://taxguru.in/income-tax/section-115baa-22-percent-tax-capital-gains-delhi-itat-ruling-sparks-controversy.html Delhi ITAT ruled Section 115BAA's 22% rate covers LTCG, overriding 20% special rates. Hyderabad and Ahmedabad ITATs disagree, stating 115BAA applies only to business income. The post Section 115BAA and 22% Tax on Capital Gains: Delhi ITAT Ruling sparks controversy (https://taxguru.in/income-tax/section-115baa-22-percent-tax-capital-gains-delhi-itat-ruling-sparks-controversy.html) appeared first on TaxGuru (https://taxguru.in/).

Flat-Fee Trading and Zero Brokerage Is Transforming Retail Profits https://taxguru.in/finance/flat-fee-trading-brokerage-transforming-retail-profits.html Flat-fee and zero brokerage models are transforming retail trading by eliminating high, percentage-based costs. This shift enables greater profit retention and democratizes market access. The post Flat-Fee Trading and Zero Brokerage Is Transforming Retail Profits (https://taxguru.in/finance/flat-fee-trading-brokerage-transforming-retail-profits.html) appeared first on TaxGuru (https://taxguru.in/).

No hypothetical income can be brought to tax https://taxguru.in/income-tax/hypothetical-income-brought-tax.html Bombay High Court held that no hypothetical income of the assessee could have been brought to tax. Accordingly, income not accrued due to cancellation of sale agreement. Thus, order upheld and appeal of revenue dismissed. The post No hypothetical income can be brought to tax (https://taxguru.in/income-tax/hypothetical-income-brought-tax.html) appeared first on TaxGuru (https://taxguru.in/).

GST Statue permits correction of bonafide errors until notice u/s. 73 of CGST is issued https://taxguru.in/goods-and-service-tax/gst-statue-permits-correction-bonafide-errors-notice-u-s73-cgst-issued.html Kerala High Court held that the statue permits taxpayer to correct bonafide errors by self-verification of assessment and payment of liability until the notice is issued under section 73 of the CGST. Accordingly, bonafide error in assessment and intimation in DRC-03 is directed to be allowed. The post GST Statue permits correction of bonafide errors until notice u/s. 73 of CGST is issued (https://taxguru.in/goods-and-service-tax/gst-statue-permits-correction-bonafide-errors-notice-u-s73-cgst-issued.html) appeared first on TaxGuru (https://taxguru.in/).

Order of District Consumer Commissioner after imposition of moratorium u/s. 14 of IBC is not maintainable https://taxguru.in/corporate-law/order-district-consumer-commissioner-imposition-moratorium-u-s14-ibc-maintainable.html Bombay High Court held that order of District Consumer Dispute Redressal Commission passed after imposition of moratorium u/s. 14 of Insolvency and Bankruptcy Code cannot have binding effect of the company. Accordingly, petition is allowed. The post Order of District Consumer Commissioner after imposition of moratorium u/s. 14 of IBC is not maintainable (https://taxguru.in/corporate-law/order-district-consumer-commissioner-imposition-moratorium-u-s14-ibc-maintainable.html) appeared first on TaxGuru (https://taxguru.in/).

Reassessment held invalid as approval u/s. 151 granted in mechanical manner https://taxguru.in/income-tax/reassessment-held-invalid-approval-u-s151-granted-mechanical-manner.html ITAT Hyderabad held that reopening of assessment is invalid in as much as the approval/ sanction under section 151 of the Income Tax Act is granted in a mechanical manner. Further, reasons for reopening are based on on-application of mind and borrowed satisfaction. Accordingly, reopening quashed and appeal allowed. The post Reassessment held invalid as approval u/s. 151 granted in mechanical manner (https://taxguru.in/income-tax/reassessment-held-invalid-approval-u-s151-granted-mechanical-manner.html) appeared first on TaxGuru (https://taxguru.in/).

Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing https://thetaxtalk.com/2025/11/bombay-high-court-rules-assessee-cannot-be-penalized-for-chartered-accountants-belated-advice-in-tax-filing/ Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing   Balaji Landmarks LLP Eartwhile vs. Central Board Of Direct Taxes (Case No. No. 16638 OF 2024) Facts: 1.  The assessee, Balaji Landmarks LLP, was required to file its return of income, which declared a substantial loss, by the... The post Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing (https://thetaxtalk.com/2025/11/bombay-high-court-rules-assessee-cannot-be-penalized-for-chartered-accountants-belated-advice-in-tax-filing/) appeared first on The Tax Talk (https://thetaxtalk.com/).