• Income Tax

Merely because sales were declared for only one month, same cannot be treated as bogus

2 months ago

Merely because assessee had declared sales for only one month, the same cannot be treated as bogus on the basis…

  • Income Tax

ITAT deleted addition as method of accounting had been accepted in earlier years

2 months ago

ITAT deleted addition as the method of accounting had been accepted by the department in earlier years and the entire…

  • Benami

Orders passed under Benami Act cannot be challenged under IBC 2016 – SC

2 months ago

Orders passed under Benami Act cannot be challenged under Insolvency and Bankruptcy Code, 2016 - SC In a recent judgment,…

  • RBI

RBI notified format of Currency Declaration Form to declare foreign exchange brought

2 months ago

RBI notified format of Currency Declaration Form (CDF) to declare foreign exchange brought into India Regulation 6 of the Foreign…

  • Companies Act

Companies Compliance Facilitation Scheme 2026 to condone delay in filing forms with ROCs

2 months ago

MCA introduces Companies Compliance Facilitation Scheme 2026 Ministry of Corporate Affairs has issued General Circular No. 01/2026 dated 24.02.2026 introduced…

  • Income Tax

In case of admitted income, AO not required to establish evidentiary basis thereof – HC

2 months ago

In case of admitted income, it is not for the Assessing Officer to establish the evidentiary basis thereof – High…

  • Income Tax

Amendment to India-France Double Taxation Avoidance Convention

2 months ago

Government of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention CBT has stated…

  • Income Tax

If cash sales accepted, section 68/69A can’t be invoked for receipt of SBNs after demonetisation

2 months ago

Once cash sales are accepted, section 68/69A cannot be invoked merely for violation of RBI guidelines for receipt of SBNs…

  • Income Tax

Payment on behalf of shareholder, debited to his deposit account not deemed dividend

2 months ago

Payment made on behalf of the shareholder and debited to his deposit account having credit balance not deemed dividend u/s…

  • Income Tax

Assesssing Officer can’t refer decision to initiate levy of Penalty to Superior Officer

2 months ago

Assesssing Officer can’t refer decision to initiate levy of Penalty u/s 271D to Superior Officer unless he himself arrives at…