• Income Tax

Once an asset is part of block, depreciation can not be denied for non-use of individual item

5 years ago

Once an asset is part of block, depreciation can not be denied non-use. The concept of “use” of assets has…

  • Finance Ministry

Minimum age of 50 years for appointment in Tribunals declared void by Supreme Court

5 years ago

Supreme Court  declares requirement of minimum age of 50 years for appointment in Tribunals as void and inoperative ABCAUS Case…

  • Income Tax

CBDT exempts income of Haryana Labour Welfare Board u/s 10(46)

5 years ago

CBDT exempts income of Haryana Labour Welfare Board u/s 10(46) from 01-06-2020 to 31-03-2021 and for FY 2021-2022 to 2024-25…

  • Income Tax

CBDT exempts income of Himachal Pradesh Computerization of Police Society u/s 10(46)

5 years ago

CBDT exempts income of Himachal Pradesh Computerization of Police Society u/s 10(46) from 01-06-2020 to 31-03-2021 and for FY 2021-2022…

  • bankruptcy

IBBI (Insolvency Resolution Process for Corporate Persons)(2nd Amendment) Regulations 2021

5 years ago

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021 The Insolvency and Bankruptcy…

  • Finance Ministry

Change in address & location of Debts Recovery Appellate Tribunal Chennai w.e.f. 09.07.2021

5 years ago

There is a change in the address and location of Debts Recovery Appellate Tribunal (DRAT) Chennai with effect from 09.07.2021.…

  • RBI

RBI Retail Direct Scheme allows Retail Investors to Open Gilt Accounts with RBI

5 years ago

RBI Retail Direct Scheme: Allowing Retail Investors to Open Gilt Accounts with RBI ‘the RBI Retail Direct’ facility was announced…

  • Income Tax

Entire income of trust can’t be taxed for violation of 12A exemption conditions-SC dismisses SLP

5 years ago

Entire income of trust cannot be taxed for violation of Section 12A exemption conditions. Supreme Court dismisses SLP of Department.…

  • Income Tax

Calcutta High Court stays section 194N for TDS on cash withdrawal from bank

5 years ago

Calcutta High Court stays section 194N for TDS on cash withdrawal from bank In the instant case, the petitioner had…

  • Income Tax

CBDT grants Patanjali Research Foundation Trust approval u/s 35 for Scientific Research

5 years ago

CBDT grants Patanjali Research Foundation Trust gets approval u/s 35 under the category “Research Association” for Scientific Research for Assessment…