ICAI issues revised SA 800 (Revised), SA 805 (Revised), SA 810 (Revised) Standards on Auditing prescribe the detailed auditing framework…
India & Samoa enters into Tax Information Exchange Agreement (TIEA) Notification of Agreement between the Government of the Republic of…
New allegation added in order passed u/s 148A(d) not present in show cause notice u/s 148A. High Court declines interference.…
Penalty u/s 270A can not be levied for additions made on estimation basis. Penalty on the basis of findings in…
Rectification application u/s 154 for claim of leave salary encashment exemption u/s 10(10AA) dismissed as barred by limitation In a…
Order held erroneous but not prejudicial despite depreciation allowed at higher rate because there was no taxable income on account…
Allegation of Paper Companies without further facts insufficient to reopen assessments - SLP dismissed by Supreme Court. High Court laid…
Reopening due to bank’s mistake in reporting PAN of partnership firm in bank account of proprietorship– ITAT deleted additions made…
High Court declines interference under writ jurisdiction at conclusion stage of re-assessment proceedings. In a recent order, the Hon'ble Allahabad…
No deemed dividend u/s 2(22)(e) when loan was received for commercial transaction and interest was paid on it In a…