• SEBI

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

7 years ago

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

7 years ago

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

7 years ago

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

  • Income Tax

Peak credit addition include income only up to the date of peak balance not thereafter – ITAT

7 years ago

Peak credit addition does not include income after peak balance date. ITAT directed addition of further 8% profit after the…

  • GST

Input tax credit is admissible if consideration is paid through book adjustment

7 years ago

Input tax credit is admissible if consideration is paid through book adjustment. The GST Act and rules does not restrict…

  • Income Tax

Entrance fee / onetime fee from new members is capital receipts

7 years ago

Entrance fee / onetime fee from new members is capital receipts. Similarly  donation towards corpus fund were also eligible for…

  • Income Tax

Profit rate applied on bogus purchases reduced as assessee had also paid VAT on purchases

7 years ago

Profit rate on bogus purchases reduced as assessee also paid VAT on purchases. ITAT directed AO to recompute income after…

  • Income Tax

Addition u/s 68-mere non-submission of ITR copy no ground to reject explanation

7 years ago

Addition u/s 68-mere non-submission of ITR copy no ground for rejecting explanation, when it was demonstrated that loans had already…

  • Income Tax

Income offered before the Settlement Commission, cannot be taxed again u/s 143(3) – ITAT

7 years ago

Income offered and taxed in the proceedings before the Settlement Commission, cannot be taxed again in the proceedings u/s 143(3)…

  • Income Tax

Section 45(5A) of Capital Gains is prospective in nature not retrospective

7 years ago

Section 45(5A) is prospective in nature not retrospective. The section provides that the date of handover of the possession is…