• Income Tax

It is quite reasonable for a married daughter to keep her jewellery with her mother – ITAT

2 years ago

It is quite reasonable and logical for a married daughter to keep her jewellery with her mother. ITAT deleted addition…

  • Companies Act

Registrar, Central Processing Center MCA to examine e-forms, documents filed

2 years ago

Registrar, Central Processing Center to examine e-forms, applications or documents filed with MCA Portal The Registrar of the Central Processing…

  • Income Tax

No Penalty u/s 271B for non Tax Audit when AO treated capital gain as business income

2 years ago

No Penalty u/s 271B for non Tax Audit when AO treated capital gain transaction as business income In a recent…

  • Companies Act

Revised Secretarial Standards 1 and SS-2 shall be effective from 1st April, 2024

2 years ago

Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were made applicable from 1st…

  • ICAI

ICAI revised Implementation Guide on reporting Audit Trail in accounting software

2 years ago

ICAI revised Implementation Guide on reporting Audit Trail  ICAI has issued an Implementation Guide on reporting Audit Trail under Rule…

  • Income Tax

Employee of IRCTC Ltd. entitled to 100 per cent leave encashment exemption u/s 10(10AA)(i)

2 years ago

Employee of IRCTC entitled to full exemption of leave encashment u/s 10(10AA)(i) being employed with Central Government company. In a…

  • Income Tax

Exemption u/s 54EC allowed as delay in investment was due to father in ICU 

2 years ago

Exemption u/s 54EC allowed as delay in investment in REC Bonds was due to father of the assessee in ICU …

  • Income Tax

Non-response by payee to statutory notice u/s 133(6) is not within reach & control of assessee

2 years ago

Non-response by payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and control of assessee…

  • Income Tax

It is not open for CIT(A) to introduce a new source of income.

2 years ago

It is not open for CIT(A) to introduce a new source of income. ITAT deleted addition made section 69A changing…

  • Income Tax

Income returned under other sources can not be recharacterised as income u/s 69A

2 years ago

Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE…