• Income Tax

Is CSR expenditure is allowable under section 80G of Income Tax Act – ITAT says “Yes”

10 months ago

CSR expenditure of companies is allowable under section 80G unless fall under the two exceptions specified. In a recent judgment,…

  • Income Tax

Territorial jurisdiction of ITAT is determined on the basis of situs of Assessing Officer

10 months ago

Jurisdiction of ITAT is determined not by the place of business or residence of assessee but by the location of…

  • Income Tax

Notice u/s 148 set-aside as assessee’s e-mail was inactive and notices went un-noticed

10 months ago

Notice u/s 148 set-aside and remitted back since the assessee’s e-mail was inactive leading to all notices go un-noticed In…

  • Income Tax

AO after dropping an issue for lack of evidence may re-open it on gathering information

10 months ago

AO after dropping an issue in assessment u/s 143(3) for lack of evidence is competent to re-open such issue upon…

  • Income Tax

Jewellery converted into solid gold not unexplained or in excess of permissible limit

10 months ago

Merely because jewellery is converted into solid gold / gold biscuits, it cannot be presumed to be unexplained or in…

  • Income Tax

A luxury litigant assessee cannot be given a second innings to make good its case – ITAT

10 months ago

Assessee cannot be given a second innings to make good its case - ITAT declines to remand the case second…

  • Income Tax

20% profit rate appropriate on cash deposit in bank representing business receipts – ITAT

10 months ago

When cash deposits represent business receipts, income to be estimated by applying a reasonable profit rate. In a recent judgment,…

  • bankruptcy

Resolution plan to include a statement of beneficial-ownership of all natural persons

10 months ago

Every resolution plan to include a statement of beneficial-ownership of all natural persons who ultimately owns or controls the resolution…

  • bankruptcy

Change in the address of DRAT, Allahabad with effect from 11.12.2025

10 months ago

Change in the address of Debts Recovery Appellate Tribunal, Allahabad with effect from 11.12.2025 Ministry of Finance(Department of Financial Service)…

  • DGFT

Banks authorised to import only gold for FY 2025-26 from 01.04.2025 to 31.03.2026

10 months ago

Updated list of banks authorised by Reserve Bank of India to import only gold for FY 2025-26 with effect from…