Day: February 17, 2018
PNB denies receiving Govt. instructions for conducting forensic audit. Punjab National Bank (PNB) in its latest communication to Bombay Stock Exchange (BSE) has informed that the bank has not received any instruction from any investigating/Govt. authority for conducting forensic audit. This reply was made in with reference to …
Booking of flat with builder is construction within the meaning of section 54 and hence period of three years apply for construction of new house for claiming LTCG dedcution- ITAT ABCAUS Case Law Citation: ABCAUS 2206 (2018) (02) ITAT The Challenge/Grievance: The Revenue was aggrieved by the order …
Provisions of Section 44AD not apply when the gross receipts is above 40 lakhs. High Court remands the case back to Appellate Tribunal ABCAUS Case Law Citation: ABCAUS 2205 (2018) (02) HC The Challenge/Grievance: The appellant assessee had challenged the order passed by the Income Tax Appellate Tribunal …
RBI’s statement on fraud in PNB-No instruction given to PNB to meet its commitments under the Letter of Undertaking (LOU) to other banks. Reserve Bank of India (RBI), in a statement issued yesterday has denied having directed PNB to meet its commitments under the Letter of Undertaking (LOU) to other …