• Income Tax

Revision u/s 263 quashed as AO in view of legal position made conscious decision on applicability of section 2(22)(e)

7 years ago

Revision u/s 263 quashed as AO in view the legal position made a conscious decision holding that section 2(22)(e) was…

  • RBI

RBI blacklists S.R.Batliboi & Co. LLP for carrying out statutory audit of commercial banks for 1 year

7 years ago

RBI blacklists S.R.Batliboi & Co. LLP for carrying out statutory audit of commercial banks for 1 year RBI blacklists S.R.Batliboi…

  • Income Tax

CBDT extends due date of filing TDS return Form 24Q for FY 2018-19 to 30.06.2019

7 years ago

CBDT extended due date of filing TDS return of salary Form 24Q for FY 2018-19 from 31.05.2019 to 30.06.2019 As…

  • Income Tax

Hoarding expenses allowed as revenue in nature being part of normal activities of advertisements business

7 years ago

Hoarding expenses allowed as revenue in nature and not capital. Hoardings are subjected to vagaries of rain, storm, damages etc.…

  • Income Tax

FMV of property on lease to be determined by rent capitalization method not fair market rent – ITAT

7 years ago

FMV of property on lease to be determined by applying rent capitalization method taking the rent actually received by the…

  • ICAI

ICAI announces next ISA Course Assessment Test to be held on 29th June 2019

7 years ago

ICAI Information Systems Audit Course Assessment Test, June, 2019 ICAI has announced the date of next ISA Course Assessment Test,…

  • Income Tax

Rigorous imprisonment awarded u/s 276B for delayed / late deposit of TDS

7 years ago

Rigorous imprisonment awarded u/s 276B for delayed late deposit of TDS. Assessee had culpable mental state as he remained absent…

  • Income Tax

Addition u/s 40(a)(ia) in rectification proceedings u/s 154 upheld as issue was not debatable

7 years ago

Addition u/s 40(a)(ia) in rectification proceedings u/s 154 upheld as question of second proviso being prospective was not debatable in…

  • Income Tax

Without rejecting books of account, it was not proper to make addition u/s 69

7 years ago

Without rejecting books of account, it was not proper to make addition towards unexplained investment u/s 69 of the Act…

  • Income Tax

Purchasing many small properties itself no reason to hold it as business transaction – ITAT

7 years ago

Purchasing many small properties itself not good enough reason to hold that it was a business transaction. The quantum or…