https://www.taxscan.in/top-stories/mere-delay-in-furnishing-tax-audit-report-cannot-attract-s271b-penalty-when-audit-was-completed-in-time-itat-read-order-1450412 The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) deleted Rs. 1.50 lakh penalty under Section 271B, holding that mere delay in furnishing
Day: August 23, 2026
Woman buys property for Rs 3.5 crore; taxman alleges another Rs 2 crore paid in cash – ITAT says this
https://www.financialexpress.com/money/income-tax/woman-buys-property-for-rs-3-5-crore-taxman-alleges-another-rs-2-crore-paid-in-cash-itat-says-this/4322008/?ref=hometop_hp Buying a property not only involves physical and location checks but also verifying a range of documents. But what happens when a Rs 2 crore cash
Supreme Court acquits bus driver in passenger death case, says followingconductor’s signal is not negligence
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/supreme-court-acquits-bus-driver-in-passenger-death-case-says-followingconductors-signal-is-not-negligence/articleshow/133393736.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/legal/will/supreme-court-acquits-bus-driver-in-passenger-death-case-says-followingconductors-signal-is-not-negligence/articleshow/133393736.cms Recently, the Supreme Court acquitted a bus driver working for Karnataka State Road Transport Corporation (KSRTC) of any wrongdoing after it was found that he did not
