Stipulation of 120 days for release of seized jewellery/gold u/s 132B is directory not mandatory – Delhi High Court In…
FAQs on key accounting implications arising from the New Labour Codes Recently, Government consolidated existing labour laws into four new…
Filing audit report in Form 10CCB within due date is mandatory. The assessee cannot claim deduction u/s 80-IA(7) he ground…
CSR expenditure of companies is allowable under section 80G unless fall under the two exceptions specified. In a recent judgment,…
Jurisdiction of ITAT is determined not by the place of business or residence of assessee but by the location of…
Notice u/s 148 set-aside and remitted back since the assessee’s e-mail was inactive leading to all notices go un-noticed In…
AO after dropping an issue in assessment u/s 143(3) for lack of evidence is competent to re-open such issue upon…
Merely because jewellery is converted into solid gold / gold biscuits, it cannot be presumed to be unexplained or in…
Assessee cannot be given a second innings to make good its case - ITAT declines to remand the case second…
When cash deposits represent business receipts, income to be estimated by applying a reasonable profit rate. In a recent judgment,…