Month: March 2024
Digital Evidence Investigation Manual of CBDT is mandatory to be followed by ITD while conducting search and seizure and it is not optional – High Court In a recent judgment, the Hon’ble High Court has held that it is mandatory for the ITD to follow the Digital Evidence …
Income earned from property if business income or income from house property primarily depends upon the objects / main business of the assessee – ITAT In a recent judgment, the Hon’ble ITAT has set aside revisionary order u/s 263 and held that Assessing Officer was not justified in …
Request for Proposal (RFP) for Engagement of Statutory Auditors for Indian Institute of Corporate Affairs for the financial years 2024-25, 2025-26 and 2026-27 Indian Institute of Corporate Affairs has invited Request for Proposal for Engagement of Statutory Auditors for the financial years 2024-25, 2025-26 and 2026-27. The Indian …
CBDT has issued Guidelines for priority/out of turn disposal of appeals by CIT(A) Assessment Units and Additional Joint CIT(Appeals) CBDT to ensure priority/out of turn disposal of pending appeals at the level of CIT(A/AU) and Addl./Jt.CIT(Appeals), has decided that requests for such disposal of appeals, covering genuine and …
Retracting from income offered during survey and challenging non opportunity of cross examination at assessment stage – upheld In a recent judgment, the Hon’ble Supreme Court declined to interfere with the judgment of High Court which upheld the ITAT order where non opportunity of cross examination during assessment …
Central Bank of India Concurrent audit online empanelment for financial year 2024-25. Last Date for filing Online Applications is 14.03.2024. Central Bank of India Concurrent audit online empanelment 2024-25 Central Bank of India invites online applications from practicing CA Firms (Empanelled with RBI) & Ex Staff (Empanelled with …
Extension of due date for filing Form No. 26QE for F.Y. 2022-23 CBDT extends date for filing Form No. 26QE for FY 2022-23 which was required to be filed during the period 01.07.2022 to 28.02.2023. As per section 194S of the Income-tax Act, 1961, any person responsible for …
ToR for Chartered/Cost Accountant Firms at District/City Health Societies Odisha FY 2024-25 Terms of Reference (ToR) for the Chartered / Cost Accountant Firms applying for undertaking monthly concurrent audit accounts records at the Odisha State Health and Family Welfare Society (OSH&FWS), District Health Societies and City Health Societies …
Valuation of closing stock is revenue neutral – ITAT deleted addition on account of valuation of stock In a recent judgment, ITAT has held that valuation of closing stock is revenue neutral. Even if it is enhanced for the year under consideration the same will reduce the profit …
Disallowance towards land filling expenses was right as except contractor bills no other evidence was produced – ITAT In a recent judgment, ITAT has confirmed the disallowance towards land filling expenses as except contractor bills no other evidence was produced showing how the property was made beneficial with …