• Income Tax

No addition u/s 68 when there is no fresh receipt of unsecured loans during the year

1 month ago

Addition u/s 68 can not be made applicable where there is no fresh receipt of unsecured loans at all during…

  • Income Tax

Taxes on sales comprising in turnover to be excluded for estimating net profit

1 month ago

Amount of taxes on sales comprising in turnover to be excluded while computing gross receipts for estimating net profit -…

  • Income Tax

Capital contribution deposited in assessee’s bank not partnership firm – Addition 69A upheld

1 month ago

Addition u/s 69A confirmed as alleged capital contribution by partners was deposited in bank account of assessee not in account…

  • GST

Bail granted to a CA accused in a GST evasion of more than 40 crores

1 month ago

Allahabad High Court grants bail to Chartered Accountant accused in a GST evasion to the tune of more than 40…

  • Income Tax

Every provision invoked casts a different onus, quoting wrong section prejudice the assessee

1 month ago

Every provision invoked casts a different sort of onus on the assessee – ITAT deleted addition u/s 69 towards bogus…

  • Insurance

Liability under MV Act can’t be decided on the grounds of sympathy alone – Supreme Court

1 month ago

Liability under the Motor Vehicles Act can’t be decided on the grounds of sympathy alone but must be established by…

  • ICAI

ICAI notifies dates of CA Foundation, Intermediate & Final Exams May 2026

1 month ago

ICAI notifies Dates of CA Foundation, Intermediate and Final Exams May 2026 The Institute of Chartered Accountants of India has…

  • Income Tax

Interest u/s 234A can’t be levied on self-assessment tax paid before due date of filing ITR

1 month ago

Interest under section 234A cannot be levied on self-assessment tax paid before the due date of filing of return of…

  • SEBI

SEBI defers timeline for implementation of Phase III of Nomination

1 month ago

SEBI defers timeline for implementation of Phase III of Nomination SEBI had issued a circular on “Revise and Revamp Nomination…

  • RBI

RBI revises directions on opening & Maintenance of CC, CA & OD by Banks

1 month ago

RBI revises directions on opening & Maintenance of Cash Credit accounts, Current Accounts and Overdraft Accounts by all Banks Reserve…