Day: June 24, 2021

RBI prescribes guidelines on distribution of dividend by NBFCs RBI has prescribed guidelines on distribution of dividend by NBFCs to infuse greater transparency and uniformity in practice. The said guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 …

NFAC is bound by binding decision of Jurisdictional High Court when AO is situated within territorial and subjective jurisdiction of High court. ITAT urges CBDT to recall all such orders  This decision of the ITAT covered four appeals filed by the assessees, feeling aggrieved by the order passed …