• Income Tax

When order u/s 263 is quashed, assessment order u/s 143(3) r.w.s. 263 has no legs to stand

10 months ago

When order u/s 263 is quashed, assessment order passed u/s 143(3) r.w.s. 263 has no legs to stand In a…

  • Income Tax

When interest income offered on accrual basis, TDS on maturity can not be disallowed

10 months ago

When assessee offered income on accrual basis over the years, claim of TDS deducted on maturity of bond can not…

  • GST

CBI arrested Superintendent and Inspector of CGST for demanding bribe for registration 

10 months ago

CBI arrests Superintendent and Inspector of CGST for demanding bribe for GST registration  The Central Bureau of Investigation (CBI) has…

  • SEBI

SEBI rationalizes & standardises penalties on stock brokers by stock exchanges

10 months ago

SEBI rationalizes and standardizes the penalty framework for levying penalties on stock brokers by stock exchanges. In the current penalty…

  • Income Tax

Writing Yes, I am convinced, it is a fit case for re-opening held a valid approval

10 months ago

Writing “Yes, I am convinced it is a fit case for re-opening the assessment u/s 147 by issuing notice u/s…

  • Income Tax

Notice u/s 148 issued by JAO and not FAO quashed. Gujarat High Court view disapproved.

10 months ago

Rajasthan High Court quashes notice u/s 148 issued by JAO and not by FAO expressing disagreement with Gujarat High Court…

  • Excise/Custom

Auto Approval of Incentive Bank Account and IFSC Code Registration requests for IEC

10 months ago

Auto Approval of Incentive Bank Account and IFSC Code Registration requests for IEC CBIC announces auto-approval of Incentive Bank Account…

  • Insurance

Owner of vehicle not expected to verify driver’s licence to know if the licence is fake or not.

10 months ago

Owner of vehicle not expected to verify driver’s licence to know if the licence is fake or not. Owner of…

  • GST

GSTN Advisory on misleading information on changes in GST return filing from 01.10.2025

10 months ago

GSTN clarifies on changes in GST return filing from October 1, 2025 regarding IMS, generation of GSTR-2B & Credit Note…

  • Income Tax

No estimation can be made by extrapolation and multiplication without incriminating material

10 months ago

No estimation can be made by extrapolation and multiplication for the period for which no incriminating material were found -…