
ITAT Sets Aside Additions Due to Accountant's Medical Emergency
The ITAT accepted an accountant's medical emergency as sufficient cause for delay in evidence submission, setting aside corresponding capital additions and directing fresh verification.
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The ITAT accepted an accountant's medical emergency as sufficient cause for delay in evidence submission, setting aside corresponding capital additions and directing fresh verification.

The Ministry of Corporate Affairs (MCA) has announced deadline relief for name reservations and E-Form resubmissions due to a recent data centre fire, allowing companies to resubmit on a case-by-case basis.

The ITAT accepted an accountant's medical emergency as a valid reason for the delay in submitting evidence and has remanded the case for fresh adjudication.
The RBI has published the minutes of the Monetary Policy Committee meeting held from June 3 to 5, 2026.
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The Bombay High Court quashed reassessment notices stating that the sanction was obtained under an incorrect provision, invalidating the notices.