• Income Tax

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed

3 years ago

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed being bonafide typographical mistake ABCAUS Case Law Citation:ABCAUS 3739…

  • Income Tax

Addition based on projected income surrendered deleted as actual income was higher

3 years ago

Addition based on projected income surrendered during search deleted as actual gross income reported in audited accounts was higher ABCAUS…

  • Income Tax

Drawings and returned income speak volumes about family richness – ITAT deletes addition

3 years ago

Drawings and returned income speak volumes about richness of family – ITAT deleted addition for jewellery found during search. ABCAUS…

  • GST

Turnover threshold reduced to Rs. 5 crores for requirement of generating GST E-invoice

3 years ago

Turnover threshold reduced to Rs. 5 crores for requirement of generating GST E-invoice w.e.f. 1st August 2023   GOVERNMENT OF…

  • Companies Act

No company name removal without filing overdue financial statements/annual returns

3 years ago

No company name removal/Strike of without filing overdue financial statements or annual returns   MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi,…

  • Income Tax

Exemption u/s 10(23C(iiiad) allowed as there was no relevant column in ITR

3 years ago

Adjustment denying exemption u/s 10(23C)(iiiad) deleted as there was no column / provision in ITR for showing computation of exemption…

  • GST

Last date extended for Exercise of option by GTA to pay GST under forward charge for FY 2023-24

3 years ago

Last date for the exercise of the option by GTA to pay GST under forward charge has been extended from…

  • Income Tax

Mere affidavits of typo-error by typist/CA not enough as assessee maintained duplicate accounts

3 years ago

Mere affidavits of typographical error by typist & CA in Audit Report not enough when assessee was found to maintain…

  • Prevention of Money Laundering Act 2002

More designated activities notified under PMLA for being regarded reporting entities

3 years ago

More designated activities and exclusions notified under PMLA for being regarded reporting entities. The Ministry of Finance has notifies the…

  • FEMA

Revision of monetary limit for adjudication under FEMA,1999

3 years ago

Revision of monetary limit for adjudication under FEMA,1999 Ministry of Finance has revised the monetary limits for adjudication under FEMA,1999.…