• bankruptcy

Resolution plan to include a statement of beneficial-ownership of all natural persons

1 month ago

Every resolution plan to include a statement of beneficial-ownership of all natural persons who ultimately owns or controls the resolution…

  • bankruptcy

Change in the address of DRAT, Allahabad with effect from 11.12.2025

1 month ago

Change in the address of Debts Recovery Appellate Tribunal, Allahabad with effect from 11.12.2025 Ministry of Finance(Department of Financial Service)…

  • DGFT

Banks authorised to import only gold for FY 2025-26 from 01.04.2025 to 31.03.2026

1 month ago

Updated list of banks authorised by Reserve Bank of India to import only gold for FY 2025-26 with effect from…

  • Income Tax

Under POCM, selling/Admin costs allowable despite no revenue declared – ITAT

1 month ago

Under percentage completion method, selling/Admin costs are allowable despite no revenue declared as per guidance note of ICAI. In a…

  • Income Tax

AO can’t use reverse computation using TDS amount for disallowance u/s 40(a)(ia)

1 month ago

AO cannot use reverse computation of gross payment using TDS amount to determine the amount disallowable u/s 40(a)(ia) - ITAT…

  • Income Tax

Once loans is repaid in subsequent years, addition u/s 68 cannot be made

2 months ago

Once loans were repaid in subsequent assessment years with cogent evidences then the addition u/s 68 of the Income Tax…

  • Government

Viksit Bharat Guarantee for Rozgar & Ajeevika Mission-Gramin “VB-GRAM-G” notified

2 months ago

Viksit Bharat Guarantee for Rozgar & Ajeevika Mission (Gramin), In short VB-GRAM-G notified Government has notified Viksit Bharat Guarantee for…

  • Income Tax

In denovo assessment , AO to apply independent mind without influenced by remarks

2 months ago

Once PCIT restores assessment to AO for denovo consideration, AO is obliged to independently apply mind without influenced by the…

  • Income Tax

Stock items of different value cannot be taken as basis for computing stock position

2 months ago

When value of items traded differs it cannot be taken as basis for computing the stock position specially when quantitative…

  • bankruptcy

Revision of the area of jurisdiction of the DRATs, Kolkata

2 months ago

Revision of the area of jurisdiction of the Debts Recovery Appellate Tribunals (DRATs) Kolkata In exercise of the powers conferred…