• Income Tax

Form 15H declaration can be accepted if after section 87A rebate tax liability is nil. CBDT amends rules for payment…

• Income Tax

Delay condoned as assessee filed a single appeal against two penalty orders, later realized it was not allowed

Delay condoned as assessee filed a single appeal against two penalty orders and later realized that a single appeal against…

• Income Tax

Depreciation on goodwill and non compete fee allowed following judgments of Supreme/High Court

Depreciation on goodwill and non compete fee allowed by the Tribunal in view of the binding judgment of Hon'ble Supreme…

• Income Tax

Reopening u/s 148 without forming belief that income has escaped assessment bad in law

Reopening u/s 148 for mere non disclosure of bank account in ITR without forming belief that income has escaped assessment,…

• Income Tax

Penalty 271A quashed as Rule 6F did not apply and assessee furnished adequate information

Penalty 271A cannot be sustained when assessee was not covered under Rule 6F assessee furnished adequate information to enable AO…

• Income Tax

Applicability of section 115BBE to surrender made during survey is highly debatable – ITAT

Applicability of section 115BBE to surrender made during survey is highly debatable. ITAT quashed rectification order imposing higher tax rate…

• Income Tax

Amendment of Form No 10B of auditors report u/s 12A1(b) for charitable institutions-Draft notification

Amendment of Form No 10B of auditors report u/s 12A(b) for charitable institution CBDT issues draft notification proposing more comprehensive…

• SEBI

Innovation Sandbox by SEBI for FinTech firms to have access to market related data

Innovation Sandbox by SEBI for FinTech firms and entities not regulated by for access to securities market related data Securities…

• Income Tax

Transfer & Posting in the grade of Chief Commissioner of Income Tax

Transfer & Posting in the grade of Chief Commissioner of Income Tax CBDT has posted recently promoted 28 officers on…

• ICSI

ICSI Guidance Note on Report of the Board of Directors to facilitate compliance of SS-4

ICSI Guidance Note on Report of the Board of Directors in accordance with Secretarial Standard on Report of the Board of…