• Income Tax

PCIT has revisionary jurisdiction u/s 263 over the cases passed by the NFAC or the JAO

1 hour ago

PCIT has revisionary jurisdiction u/s 263 over the cases irrespective of the fact that the relevant assessment was completed physical…

  • Insurance

Appellate court interfering with MACT finding must undertake reappreciation of evidence

15 hours ago

Appellate court interfering with Motor Accidents Claims Tribunal findings on assessment of disability and loss of earning capacity must undertake…

  • Income Tax

When delay is not huge & involves huge monetary liability, lenient approach to be taken

17 hours ago

When period of delay is not very huge and involve huge monetary liability on the assessee, a lenient approach should…

  • SEBI

EoGM of company can not ratify diversion of fund raised by preferential issue – SC

2 days ago

Ratification by EoGM of the company can not give legality of the diversion of the fund raised by preferential issue.…

  • Excise/Custom

Return of export cargo from Hormuz Strait where vessel do not lands at original port

2 days ago

CBIC prescribes procedures for return of export cargo from international waters due to closure of the Strait of Hormuz where…

  • Income Tax

Disallowance u/s 13(1)(c) can’t be made primarily that specified concerns earned higher profits.

3 days ago

Mere higher profit margins would not make payments made by Trust as diversion of funds for the benefit of the…

  • society

Chartered Accountant can’t be made an Inquiry Officer u/s 24 of Societies Registration Act 1860

4 days ago

Chartered Accountant can’t be made an Inquiry Officer under section 24 of Societies Registration Act 1860 – High Court In…

  • Government

Revised turnover threshold for grant of license/registration to food businesses in India

4 days ago

FSSAI revises turnover threshold for grant of license/registration to various food businesses in India under Food Safety and Standards (Licensing…

  • Government

Persons with Piped Gas connection to surrender domestic LPG connection immediately

5 days ago

Persons with Piped Gas connection to surrender domestic LPG connection and not to obtain a domestic LPG connection Amidst the…

  • Income Tax

Limitation u/s 201(3) for TDS defaults operate quarter-wise – High Court

6 days ago

Since TDS statements are filed on a quarterly basis, the computation of limitation for treating assessee in default u/s 201…