• Income Tax

In case of estimation of income, penalty under Section 270A cannot be imposed

3 months ago

In case of estimation of income, penalty under Section 270A of the Income Tax Act cannot be imposed - ITAT…

  • RBI

RBI relaxes requirement and limits of collateral security in lending to MSME Sector

3 months ago

RBI has relaxed directions related to requirement and limits of collateral security for lending to Micro, Small & Medium Enterprises…

  • Income Tax

In absence of any stipulation to maintain creditor’s PAN, no adverse view may be drawn

3 months ago

In absence of any requirement in law to maintain details of PAN of creditors, no adverse conclusion may be drawn…

  • Income Tax

Form 26 to replace Form 3CD of tax audit report format from Tax Year 2026-27 (AY 2027-28)

3 months ago

Form 26 shall replace Form 3CD of tax audit report format from Tax Year 2026-27 (AY 2027-28) Draft Form 26…

  • Income Tax

When no addition is made on the basis of reasons recorded, reopening is bad in law

3 months ago

When AO do not make any addition on the basis of the reasons on which the reopening was done, the…

  • Insurance

No separate compensation for loss of love and affection under MV Act – SC

3 months ago

Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…

  • Income Tax

Trust accredited by National Open School eligible for registration u/s 12AB & u/s 80G

3 months ago

Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…

  • Income Tax

Delay in furnishing Form 10B – Covid Period to be excluded as per decision of Supreme Court

3 months ago

Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…

  • Income Tax

Section 271AAB does not grant any immunity from penalty in terms of section 273B

3 months ago

Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…

  • Empanelment

Engagement of ‘Young Professional’ in the office of the PCCT Bihar & Jharkhand

3 months ago

Engagement of 'Young Professional' in the office of the PCCT Bihar & Jharkhand Engagement of 'Young Professional' in the office…