ITAT Pune held that penalty under section 271AA of the Income Tax Act is not imposable in view of section 273B of the Act since there was a reasonable cause for not reporting the said transaction in ...

Bangalore ITAT mandates 80G approval for Academy of General Education, clarifying CIT(E)'s scope is limited to verifying ...

ITAT Bangalore overturns CIT (Exemptions)'s rejection, granting City Hospital Charitable Trust 80G approval. The tribunal ...

RBI sets 25 August 2025 as deadline to regularize past overseas investment delays under LSF. Post-deadline, compounding becomes ...

RBI's new circular caps penalties for specific FEMA violations at ₹2 lakh, streamlining compliance and easing burdens for businesses and ...

MHA introduces new FCRA validity limits for foreign contributions: 3 years for receipt, 4 years for utilization. Existing ...