Month: June 2026
No protective addition required in the hand of a third party when additions have been confirmed in the hands of the searched person – ITAT In a recent judgment, ITAT Delhi has held that when additions have been confirmed in the hands of the searched person therefore, no …
Limitation for filing application u/s 34 of Arbitration Act commence from date on which application u/s 33 is disposed of by Arbitral Tribunal. In a recent judgment, Hon’ble Supreme Court has held that once jurisdiction under Section 33 of Arbitration Act is formally invoked and such proceedings are …
Case remanded as no finding was given whether cash payments disallowed u/s 40A(3) were covered by Rule 6DD under Income Tax Rules, 1962. In a recent judgment, ITAT Lucknow has remanded the case as there was no finding by the CIT(A) or the Assessing Officer whether the cash …
In case of investment in share capital, the source of investment may remain outside the control of the investee company. In a recent judgment, Allahabad High Court has held in the case of investment in share capital, it is the investor company is to be assessed with respect …
ICAI issues revised Code of Ethics (13th edition) ICAI has released revised Code of Ethics (13th edition). The revised Code of Ethics (13th edition)- Volume-I, II & III is applicable with effect from April 01, 2026 except for the s.no. (xxxi). The s.no. (xxxi) “Assessment and evaluation of Social …
