• Income Tax

No prosecution under Black Money Act where foreign assets disclosed in revised/earlier ITR

2 years ago

No prosecution under Black Money Act where details of foreign assets disclosed in revised return /  return of earlier year.…

  • Income Tax

No prosecution u/s 275B when laptops & ERP user IDs /passwords provided to search party 

2 years ago

No prosecution u/s 275B when electronic gadgets and ERP user IDs and passwords was provided to search party - Sessions…

  • ICAI

ICAI cancels/restores membership of thousands of CAs due to death/non payment of fee

2 years ago

ICAI cancels/restores membership of thousands of CAs due to death/non payment of fee The Institute of Chartered Accountants of India…

  • GST

Procedures/provisions for amnesty for taxpayers who missed GST appeal filing deadline

2 years ago

GST Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for…

  • Income Tax

Exemption u/s 54F-Bar of holding more than one residential house applies to whole day of transfer

2 years ago

Exemption u/s 54F – Bar of holding more than one residential property applies on start of day or at the…

  • Income Tax

Under section 271AAB undisclosed income also means additional income due to bogus expense – ITAT

2 years ago

Under section 271AAB undisclosed income also means additional income due to bogus expense recorded in the books of accounts -…

  • Income Tax

To attract section 69A sine qua non is ownership of money etc. not recorded not mere presumption

2 years ago

To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the…

  • ICAI

Standards on Auditing applicable to companies should also apply to audit of LLPS- ICAI

2 years ago

Standards on Auditing applicable to companies should also apply to audit of limited liability partnerships. ICAI issues exposure Draft of…

  • Income Tax

Income Tax order without DIN void ab initio. Later DIN generation of no use – ITAT

2 years ago

Income Tax order without Document Identification Number (DIN) is void ab initio. subsequent separate communication of DIN is a superfluous…

  • ICAI

In ICAI ‘Open Book’ exam student is required to write answers not copy-paste – SC dismisses SLP

2 years ago

In ICAI Open Book’ methodology exam also the student required to write answers not copy-paste in the answer book –…