Tax, GST & finance, explained clearly.
Original coverage of Indian tax rulings, GST changes, compliance deadlines and money decisions — distilled into plain English by the Bluman editorial desk.
Income Tax | ITAT Deletes ₹4.10 Crore Estimated Profit Addition Based on Guesswork or Caprice
The ITAT nullified a ₹4.10 crore profit addition made to Singhal Securities Private Limited, criticizing the lack of evidence and rational basis.
3 Sept 2026 · 1 min read
RBI Introduces Half-Yearly CIMS Return for Natural Calamity Relief Measures
The RBI mandates half-yearly reporting of relief measures for natural calamities by regulated entities, effective July 1, 2026.
2 Sept 2026 · 2 min read
Income Tax | Reassessments u/s 147/148 Quashed for Failure to Pass Speaking Order: Bangalore ITAT
ITAT Bangalore quashed reassessments for 2010-11 and 2011-12 due to the absence of a speaking order on objections from the taxpayer, violating legal procedures.
2 Sept 2026 · 1 min read
Can Interested Directors Validly Approve Contracts? Private vs Public Companies
This article explores the validity of contract approvals by interested directors in private and public companies, focusing on quorum and disclosure requirements.
2 Sept 2026 · 2 min read
Bangalore ITAT Sets Aside 8% Profit Estimate on ₹30-Crore Bullion Turnover
The ITAT in Bangalore has overturned an arbitrary 8% profit estimate on ₹30 crore turnover, demanding a comprehensive review of accounts in Hansa Dinesh's case.
2 Sept 2026 · 2 min read
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