• Income Tax

In revision proceedings CIT cannot go beyond reasons given in SCN u/s 263 – SC dismisses SLP

2 years ago

In revision proceedings CIT cannot travel beyond the reasons given in the show-cause notice u/s 263 – Supreme Court dismisses…

  • Income Tax

No penalty u/s 271F as due to mistake of DDO wrong PAN was mentioned in 26AS

2 years ago

No penalty u/s 271F as due to mistake of DDO wrong PAN was mentioned in 26AS and assessee was precluded…

  • Income Tax

Benefit of concessional rate of tax u/s 115BAA – Assessee has to file Form No. 10IC once only

2 years ago

Benefit of concessional rate of tax u/s 115BAA can not be denied on the premise that assessee has to file…

  • ICAI

ICAI bans six chartered Accountants for committing professional misconduct

2 years ago

ICAI bans six chartered Accountants for committing professional misconduct ICAI has removed name of six chartered Accountants from the register…

  • Income Tax

CBDT notifies NBFCs u/s 43D related to taxation of interest on bad or doubtful debts

2 years ago

CBDT notifies non-banking financial companies for the purpose of section 43D related to taxation of interest on bad or doubtful…

  • Companies Act

MCA clarifies holding AGM/EGM through VC/OAVM & passing Ordinary & Special resolutions  

2 years ago

MCA clarifies holding of AGM/EGM through VC or other Audio Visual Means and passing of Ordinary and Special resolutions by…

  • Income Tax

Depositing unutilized capital gain amount in a special account is only a procedural matter

2 years ago

Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in…

  • Income Tax

Onus can’t be put on assessee to prove that alleged cash transaction did not take place

2 years ago

Assessing Officer was wrong to put the onus on assessee to prove that alleged cash transaction did not taken place…

  • Income Tax

Reasons of reopening done must first survive to make addition on additional issues

2 years ago

Reasons on which reopening done must first survive to make addition on additional issues also – ITAT explains Explanation 3…

  • DGFT

DGFT de-lists 29 agencies authorized to issue Certificates of Origin

2 years ago

DGFT de-lists 29 agencies authorized to issue Certificates of Origin- (Non Preferential)  Directorate General of Foreign Trade has de-listed 29…