Day: December 11, 2024

Assessment Order can not be passed if the objections filed by the assessee are pending before the DRP – High Court In a recent judgment, the Hon’ble Delhi High Court has held that notwithstanding the lack of information with the AO, if an objection has been filed and …

PCIT exercising revisionary power u/s 263 cannot direct the AO to do again and again enquiry the way the PCIT wants – ITAT In a recent judgment, the ITAT Jodhpur has observed that PCIT exercising revisionary power u/s 263 cannot direct the AO to do again and again …

RBI waives collateral security and margin requirements for agricultural loans including loans for allied activities upto ₹2 lakh per borrower. Presently, the limit for collateral free on agricultural loans is ₹ 1.6 lakh. Keeping in view the overall inflation and rise in agriculture input cost over the years, …