Month: April 2025
RBI directs banks to ensure ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis. RBI has issued direction to all Banks on the dispensation of ₹100 and ₹200 denomination banknotes through ATMs. Rs. 100 and Rs. 200 notes serve specific purposes due to their value, convenience, …
Court under Sections 34 and 37 of the Arbitration and Conciliation Act 1996 have limited powers to modify an arbitral award In a recent judgment, Hon’ble Supreme Court has held that the Court under Sections 34 and 37 of the Arbitration and Conciliation Act 1996 have limited powers …
Supreme Court issues directions for digital KYC of persons with disabilities, especially facial / eye disfigurements due to acid attacks and visual impairments. In a recent judgment, Hon’ble Supreme Court issued directions to make the process of digital KYC accessible to persons with disabilities, especially facial / eye …
Sales of two incomparable years cannot be compared. ITAT directed addition to be deleted after verification In a recent judgment, ITAT Delhi held that sales of two incomparable years cannot be compared to treat the increase in sale as unexplained money the basis that sales recorded by …
Uploading of notice on ITBA portal cannot be treated to be a valid service of notice unless assessee has opted for service of notice through e-mail. In a recent judgment, High Court of Chhattisgarh has held that uploading of notice on ITBA portal (e-portal) cannot be treated to …
ITR-1 Sahaj and ITR-4 Sugam has been notified for AY 2025-26. Scope of ITRS enlarged for capital gain u/s 112A CBDT vide Notification No. 40/2025 has notified the Income-tax (twelfth Amendment) Rules, 2025 w.e.f. 01.04.2025. ITR-1 Sahaj and ITR-4 Sugam has been notified for AY 2025-26. Amendments have …
Supreme Court upheld constitutional validity to section 34, 47 and 58 of the Consumer Protection Act, 2019 In a recent judgment, Hon’ble Supreme Court upheld constitutional challenge to section 34, 47 and 58 of the Consumer Protection Act, 2019 and declared that empowering the district, state and national …
Appointment of internal auditor in Government College of Engineering, Keonjhar for Financial Years 2009-10 to 2023-24. Tenders in Quality and Cost-Based Selection (QCBS) are invited from Chartered Accountants/Cost Accountant Firms for appointment of Internal Auditor for the Financial Years 2009-10 to 2023-24. The interested CA/CMA firms should apply …
Empanelment Of Stock & Receivable Auditors In State Bank Of India, Thiruvananthapuram. State Bank of India, Thiruvananthapuram Circle invites applications in the prescribed format from Professionals/Firms/Companies/Limited Liability Partnership (LLP) of Chartered Accountants/ Cost Accountants registered with Institute of Chartered Accountants of India/Cost Accountants of India, having minimum 5 …
If a contribution is not voluntary, it cannot be taxed as income u/s 11 r.w.s. 12(1) – ITAT In a recent judgment, ITAT Hyderabad has held that under section 12(1), any contribution which is voluntary, can only be treated as income in the hands of the assessee. if …
