• Companies Act

MCA establishes ten new offices of ROC for registration of LLPs

12 months ago

MCA establishes Ten new offices of Registrars of Companies in India for registration of LLPs The Ministry of Corporate Affairs…

  • Income Tax

Reliance on decision which is sub-judice wouldn’t make assessment order erroneous

12 months ago

Merely because the decision of the High Court followed by Ao was sub-judice before the Supreme Court it would not…

  • Income Tax

Deduction of interest on borrowings invested in capital of firm allowed against interest on capital

12 months ago

Deduction of interest on borrowings invested in capital of firm allowed against interest on capital under the head profit and…

  • DGFT

DGFT clarifies applicability of restriction on silver jewellery import by units in SEZs

12 months ago

DGFT Clarification on applicability of restriction imposed on silver jewellery import by units located in Special Economic Zones (SEZs) Government…

  • Income Tax

Information gathered in an illegal search can’t be used in an illegal proceeding

12 months ago

Even if search held invalid, information or material gathered may be relied upon by revenue only in a proceeding which…

  • Excise/Custom

FAQs on new merged Customs notification dated 24.10.2025 & consequential amendments 

12 months ago

FAQs on the new merged Customs notification dated 24.10.2025 and consequential amendments  CBIC has issued Notification No. 45/2025-Customs dated 24.10.2025…

  • Income Tax

Amendment to section 50C w.e.f. 01.04.2019 to apply retrospectively w.e.f. 01.04.2003

12 months ago

Amendment to section 50C w.e.f. 01.04.2019 was to apply retrospectively w.e.f. 01.04.2003, when the section 50C was brought into statute…

  • Income Tax

Approval u/s 153D has to be granted for each assessment year. Single approval vitiated law

12 months ago

Approval u/s 153D has to be granted for each assessment year. A single approval granted for all AYs held as…

  • Income Tax

Prosecution u/s 276C(2) quashed as assessee had not paid tax with ITR but later deposited it

12 months ago

Prosecution u/s 276C(2) quashed as the assessee had though not paid due income tax along with return but later deposited…

  • Income Tax

In slump sale acquisition, to claim depreciation, WDV in books of seller immaterial

12 months ago

In slump sale acquisition, purchaser to claim depreciation on lump sum consideration irrespective of WDV in the books of accounts…