• Income Tax

Penalty u/s 271(1)(c) imposed by CIT without recording satisfaction in order u/s 263 invalid

5 years ago

No Penalty u/s 271(1)(c) can be imposed by CIT without recording satisfaction in revision order 263.  Provision of Section 271(1B)…

  • Income Tax

Penalty SCN not striking off relevant limb upheld when later notices not challenged

5 years ago

Validity of Penalty notice non striking off relevant limb u/s 271(1)(c) upheld when subsequent opportunity notices sent by AO were…

  • Companies Act

National Company Law Tribunal (Amendment) Rules 2019

5 years ago

Application for obtaining approval of the NCLT for consolidation and division of share capital - Notice to be served to…

  • GST

Service Tax Audit prima facie permissible post GST regime-Calcutta HC

5 years ago

Service Tax Audit prima facie permissible post GST regime - Calcutta High Court. Authorities entitled to audit for the period…

  • Income Tax

When ITAT quashed revision u/s 263 inspecting records furnished-no interference called

5 years ago

When ITAT inspected documents furnished in response to show-cause notice u/s 263 and found transactions not bogus, no interference was…

  • Income Tax

Malba charges rejected as cost of investment for claiming deduction u/s 54F

5 years ago

Malba charges was rejected as cost of investment for claiming deduction u/s 54F as there was no occasion for purchasing…

  • Income Tax

No penalty u/s 271D for cash loans taken to meet financial liabilities

5 years ago

No penalty u/s 271D for cash loans taken to meet financial liabilities of a closed business as it constituted a…

  • Income Tax

Statutory liability accrues on issuance of demand notice-disallowance u/s 43B deleted

5 years ago

Statutory liability accrues on issuance of demand notice-ITAT deleted disallowance u/s 43B and allowed payment of Local Body Tax in…

  • bankruptcy

IBBI constitutes Working Group on insolvency resolution of corporate debtors in a Group

5 years ago

IBBI constitutes a Working Group to recommend regulatory framework to facilitate insolvency resolution and liquidation of corporate debtors in a…

  • ICAI

ICAI Revised 2019 edition of the Guidance Note on Audit of Banks

5 years ago

ICAI Revised 2019 edition of the Guidance Note on Audit of Banks  Section A - Statutory Central Audit. The Guidance…