• Income Tax

Validity of notice u/s 148 where assessment made u/s 143(1)- SC quashes High Court order

7 years ago

Validity of notice u/s 148 where assessment was made u/s 143(1)- Supreme Court quashed High Court order that no substantial question of law…

  • bankruptcy

Objective of insolvency code is not realisation of bad loans – IBBI

7 years ago

The objective of IBC 2016 is reorganization and insolvency resolution and not realisation of bad loans- IBBI In a letter…

  • ICAI

ICAI’s contribution in GST recognized by Goods and Services Tax Network (GSTN)

7 years ago

ICAI’s contribution in GST recognized by Goods and Services Tax Network (GSTN) The Goods and Services Tax Network (GSTN) on the…

  • RBI

Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd not approved yet- RBI

7 years ago

Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd not approved yet- RBI Reserve Bank of India Date : Apr…

  • Income Tax

Sale of client relationship/ goodwill by CA firm held capital asset eligible for exemption u/s 54EC

7 years ago

Sale of client relationship and goodwill by CA firm was of capital asset u/s 2(14) chargeable to tax under the…

  • Income Tax

Capital introduced by partner can not be taxed in firms hand as undisclosed income

7 years ago

Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the…

  • GST

Clarification on exercise of option to pay tax @ 3% on first supplies of goods or services

7 years ago

Clarification on exercise of option to pay central tax @ 3% on first supplies of goods or services upto an…

  • GST

GST Tax Invoice Series to be used wef 1st April, 2019 and Bill of Supply-GSTN Advisory

7 years ago

GST Tax Invoice Series to be used wef 1st April, 2019 and Bill of Supply. Taxpayers advised to make suitable…

  • Income Tax

DVO reference invalid where value of property is more than FMV as on April 1, 1981

7 years ago

DVO reference u/s 55A invalid where value was more than FMV as on April 1, 1981 as per approved valuer's…

  • Income Tax

No concealment penalty for bonafide error of chartered accountant in claiming deduction u/s 80IC

7 years ago

No concealment penalty for bonafide error of chartered accountant in claiming wrong deduction u/s 80IC by choosing incorrect initial assessment…