• Income Tax

ITAT refuses to accept cash book as source of deposit as assessee was not subject to audit

3 days ago

ITAT refuses to accept opening cash as source of cash deposit as assessee was not subject to audit and cash…

  • Income Tax

Mere preparation of income tax notice and send to dispatch not effective issuance

3 days ago

Mere preparation of income tax notice and forwarding the same for dispatch is not effective issuance of notice until it…

  • bankruptcy

Agreement validly terminated prior to CIRP not give any enforceable right to corporate debtor

4 days ago

Agreement validly terminated prior to initiation of CIRP did not constitute “assets” or “property” of the corporate debtor u/s 14…

  • negotiable instrument act

SC explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques

4 days ago

Supreme Court explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques In a recent…

  • Income Tax

Normal business advances adjusted against sale bills cannot be added u/s 68 of Income Tax Act

4 days ago

Advances received in normal course of business and adjusted against sale bills cannot be added u/s 68 of the Income…

  • Income Tax

Faceless mechanism for reopening include Central & International Tax charges

4 days ago

Faceless mechanism for income escaping assessment would not exclude the Central charges and International Taxation charges from its application -…

  • Income Tax

Ground not adjudicated by 1st appellate authority cannot be decided in 2nd appeal

5 days ago

Ground not adjudicated by first appellate authority or ground not originating from first appellate order cannot be decided in second…

  • Income Tax

COVID-19 amounted to a force majeure event – HC directs condonation of delay in filing ITR

5 days ago

High Court directed ITD to consider condonation of delay in filing ITR for four years as the COVID-19 pandemic constituted…

  • SEBI

SEBI revises its regulation on additional incentives to Mutual Fund distributors

5 days ago

SEBI revises its regulation on additional incentives to Mutual Fund distributors for onboarding new individual investors from B-30 cities and…

  • Income Tax

CBDT 2nd NUDGE initiative for voluntary compliance in respect of Foreign Assets

5 days ago

CBDT to launch 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets The CBDT is all set…