• Income Tax

Profit on Hawala/Bogus purchase/accommodation entries @ 5% upheld by High Court.

6 years ago

Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be…

  • Companies Act

Salient features of CARO 2020 applicable for financial year commencing 1st April 2019 onwards

6 years ago

Salient features of the CARO 2020 applicable for financial year commencing on 1st April 2019 onwards MCA has notified the…

  • Income Tax

“records” for Revision u/s 263 include records related to preceding assessment years also

6 years ago

For Revision u/s 263, records include records relating to assessment proceedings of preceding assessment years ABCAUS Case Law Citation:ABCAUS 3271…

  • Companies Act

CARO 2020- MCA notifies Companies (Auditor’s Report) Order 2020. Key Changes

6 years ago

CARO 2020. MCA notifies Companies (Auditor's Report) Order 2020. Read Key Changes / Highlights  CARO 2020 - Companies (Auditor's Report)…

  • Income Tax

Addition u/s 56(2)(ii) deleted as Law cannot ignore ground realities despite a deeming fiction

6 years ago

Addition u/s 56(2)(ii) deleted as Law cannot operate in vaccum de-horse ground realities though deeming section not requires any incriminating…

  • SEBI

Mauritius included in FATF list of “jurisdictions under increased monitoring” – SEBI 

6 years ago

Mauritius included in FATF list of jurisdictions under increased monitoring - SEBI. Though FPIs from Mauritius continue to be eligible…

  • Law and Justice

Govt. Constitutes 22nd Law Commission of India for a term of three years- Read Order

6 years ago

Govt. Constitutes 22nd Law Commission of India for a term of three years   MINISTRY OF LAW AND JUSTICE(Department of…

  • Income Tax

Non striking of limb of penalty u/s 271(1)(c). Appeal to be restored on favourable judgment by SC

6 years ago

Non striking of applicable limb of penalty u/s 271(1)(c) in notice. ITAT permits restoration of appeal if issue is decided…

  • Income Tax

Assessment framed by AO having no territorial jurisdiction as per Postal Pin Code quashed

6 years ago

Assessment framed by AO having no territorial jurisdiction based on Postal Pin Code as per CBDT Notification quashed ABCAUS Case…

  • SEBI

Pledge include re-pledge of securities for margin / settlement obligations of client – SEBI

6 years ago

Pledge include re-pledge of securities for margin/settlement obligations of client-SEBI (Depositories and Participants) (Amendment) Regulations 2020 SECURITIES AND EXCHANGE BOARD…