• Income Tax

Disallowance u/s 40A(3) for cash expenditure incurred in Foreign Country upheld

5 years ago

Disallowance u/s 40A(3) for cash expenditure incurred in Foreign Country upheld. The Expression “rupee” in section 40A(3) means expenditure incurred…

  • Income Tax

CIT need not give separate reasons for his satisfaction in giving approval for reopening

5 years ago

CIT need not to given separate reasons for his satisfaction in giving approval u/s 151 for reopening of assessment if…

  • GST

System computed values of GSTR-1 Statement made available in Form GSTR-3B on GST Portal

5 years ago

System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal A…

  • Income Tax

Can Income Tax Authorities be held in Contempt of Court in not following judgments

5 years ago

Can Income Tax Authorities be held in contempt of Court in not following their judgments cited before them by the…

  • Excise/Custom

Jurisdiction of customs appeals officers for bill of entry or warehousing for goods

5 years ago

Jurisdiction of customs appeals officers for bill of entry entered for home consumption or for warehousing for goods imported at…

  • RBI

RBI revises LFAR-New formats applicable for audit period covering FY 2020-21 & onwards

5 years ago

RBI revises Long Form Audit Report (LFAR) - New formats applicable for audit period covering FY 2020-21 & onwards Keeping…

  • RBI

RBI Releases Revised Priority Sector Lending Guidelines

5 years ago

RBI Releases Revised Priority Sector Lending Guidelines Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align…

  • Income Tax

Mere surplus from exhibition not business activities u/s 2(15) making it non charitable

5 years ago

Mere surplus from exhibition not trade commerce or business activities u/s 2(15) making it non-charitable ABACUS Case Law CitationABCAUS 3386…

  • Income Tax

Taking a view should be backed by reasons in order itself with evidences & enquiry

5 years ago

Taking a view should be backed by reasons in the order itself with evidences and independent enquiry. ITAT upheld revision…

  • Income Tax

ITR 1 2 3 4 5 & 7 offline Excel / Java utilities for AY 2020-21 available for e-Filing.

5 years ago

ITR 1 2 3 4 5 & 7 offline excel and java utilities for AY 2020-21 available for e-Filing. ITR…