• Empanelment

J&K Bank Ltd. invites on-line applications for empanelment as Stock Auditors

3 months ago

The Jammu & Kashmir Bank Ltd. invites on-line applications for empanelment as Stock Auditors for 3 Financial Years i.e. from…

  • Income Tax

Broken period interest on securities held as stock-in-trade is revenue expenditure

3 months ago

Broken period interest paid on purchase of securities was revenue expenditure since the securities constituted stock-in-trade In a recent judgment,…

  • Income Tax

Reassessment on basis of borrowed belief of Anti-Corruption Bureau quashed

3 months ago

ITAT quashed reassessment on the basis of borrowed belief of Anti-Corruption Bureau without applying mind In a recent judgment, ITAT…

  • Income Tax

In considering disallowance u/s 40A(2) genuineness of expenditure not relevant issue

3 months ago

In considering disallowance u/s 40A(2) for payments to specified persons, genuineness of expenditure is not a relevant issue. In a…

  • Income Tax

Expression “Yes I am satisfied” in approval u/s 151 not a vital defect – ITAT

3 months ago

Expression “Yes I am satisfied” in approval u/s 151 not such a vital defect on the basis of which, re-opening…

  • Income Tax

Section 143(1) Intimation not an order for Revision u/s 264 of Income Tax Act

3 months ago

Section 143(1) Intimation is only an intimation and it cannot be treated as an order for the purpose of Section…

  • Income Tax

PCIT with jurisdiction over non corporate assesee can’t transfer corporate assessee’s case

3 months ago

Order u/s 127 quashed as PCIT having jurisdiction over non corporate assesee could not have transferred case of a corporate…

  • DGFT

Modalities for issue of export authorizations of wheat flour & related products

3 months ago

DGFT issues modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of wheat flour and…

  • Income Tax

No obligation to deduct TDS u/s 195 on payment to non-resident foreign commission agent

3 months ago

No obligation to deduct tax at source u/s 195 on the commission paid to non-resident foreign commission agent not liable…

  • Income Tax

Deduction u/s 80P denied as return not filed u/s 139(1) but in response to notice u/s 148

3 months ago

Deduction u/s 80P denied as assessee did not file return u/s 139(1) but beyond the due date only in response…