• Income Tax

Common business premise not enough to label loan creditor as accommodation entry provider

2 weeks ago

Merely because loan creditor existed in the premises wherein accommodation entry providers had their offices, AO cannot come to the…

  • Income Tax

CBDT amends IT Rules 114F 114G and 114H related to reporting financial institutions

2 weeks ago

CBDT amends Income Tax Rules 114F 114G and 114H related to reporting financial institutions and their obligations CBDT has by…

  • Income Tax

Not making available material forming basis of reopening shows AO had prejudged the issue

3 weeks ago

AO stating that material forming basis of reopening shall be disclosed at the stage of assessment/re-assessment, indicates that the AO…

  • Income Tax

Reopening conclusion that assessee was “Non-Filer” was non-application of mind – High Court

3 weeks ago

Reopening conclusion that assessee was “Non-Filer” despite assessee clearly stating in reply that he had filed ITR was non-application of…

  • Income Tax

HC declined to allow voluminous documents physically in Faceless Assessment

3 weeks ago

High Court declined to allow production of physical documents by in Faceless Assessment simply because they were voluminous In a…

  • Income Tax

Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information

3 weeks ago

The prima facie satisfaction u/s 148 cannot be stretched to a non-existing information or incorrect information - ITAT In a…

  • SEBI

Mutual Funds to value physical Gold and Silver by using the polled spot prices

3 weeks ago

Mutual Funds to value physical Gold and Silver by using the polled spot prices published by the recognized stock exchanges…

  • bankruptcy

SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor

3 weeks ago

Supreme Court allows simultaneous CIRP proceedings against principal debtor and its corporate guarantor, declines to frame any guidelines In a…

  • Income Tax

Merely because sales were declared for only one month, same cannot be treated as bogus

3 weeks ago

Merely because assessee had declared sales for only one month, the same cannot be treated as bogus on the basis…

  • Income Tax

ITAT deleted addition as method of accounting had been accepted in earlier years

3 weeks ago

ITAT deleted addition as the method of accounting had been accepted by the department in earlier years and the entire…