Day: February 1, 2024
RBI bans Paytm Payments Bank Ltd from receiving payments after February 29, 2024 In 2022, RBI had directed Paytm Payments Bank Ltd from onboarding of new customers. The bank had also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT …
If assessee not availed opportunity of cross examination, it can not be ground of challenge – Supreme Court dismisses Special Leave Petition ABCAUS Case Law Citation:ABCAUS 3854 (2024) (02) SC Important Case Laws relied upon by parties:Kishan Chand Chellaram Vs. CIT, (1980) 125 ITR 713 SCSumati Daya Vs. …
Wherever word only “Business” is used, it does not include “Profession” – ITAT deletes addition for compensation u/s 28(ii)(e) In a latest decision, ITAT while deleting addition u/s 28(ii)(e) held that in the Income Tax Act, 1961 wherever word only “Business” is used, it does not include “Profession” …