Companies Amendment Ordinance 2019 promulgated to replace 2018 Ordinance as the Companies (Amendment) Bill 2019 not passed in Council of States…
Prosecution u/s 276CC-Challenge to satisfaction note u/s 153C rejected. If view taken by trial court is reasonable possible view, it…
Limitation period not prescribed for service of assessment order but it must be served within reasonable time as held by…
Transfer of creditor balances to capital account for better bank loan facilities was not waiver of liability u/s 41(1) being…
Kind of expenditure a legal professional can legitimately and justly claim is entirely different from basic expenditure a commercial entity…
For recomputing income correctly u/s 153A no incriminating material necessary and AO can make corrections after giving opportunity to the…
Deduction u/s 80IA is mandatory for both assessee and revenue to allow/claim, once initial assessment year is selected as there…
ICAI Educational Material on Indian Accounting Standard (Ind AS) 110, Consolidated Financial Statements ICAI has released Educational Material on Indian…
Penalty proceedings u/s 271D without recording satisfaction in the assessment order held to be illegal following Supreme Court judgment ABCAUS…
Addition u/s 69C for unexplained marriage expenses deleted by ITAT noting that in Indian society, family members contribute to wedding…