• Due Date Extension
  • GST

Extension of due date of GSTR-3B return for Mumbai/other districts in Maharashtra

8 months ago

Extension of the due date for furnishing Form GSTR-3B return for Mumbai and other districts of Maharashtra. CBIC in view…

  • Black Money

No prosecution under BMA for non-disclosure of assets (except immovable property) up to 20 Lakhs

8 months ago

No prosecution under Black Money Act for omission to disclose assets (other than immovable property) of value up to Rs.…

  • Income Tax

No addition for late deposit of PF/ ESI prior to decision of Supreme Court

8 months ago

ITAT deleted addition for late deposit of PF and ESI contributions as CPC intimations u/s 143(1) were issued prior to…

  • Income Tax

Plea of negligence of tax consultant in not attending hearings rejected by High Court

8 months ago

Plea of negligence of tax consultant rejected as no complaint made against him and also tax consultant not impleaded as…

  • Companies Act

IndAs amended. Classification of current liabilities & supplier finance arrangements

9 months ago

MCA amends Indian Accounting Standard (Ind AS) - Classification of current liabilities and disclosure of supplier finance arrangements MCA vide…

  • Income Tax

Vintage car held non personal effect hence sale was liable to income tax

9 months ago

Vintage car held non personal effect of the assessee and sale thereof held liable to capital gain tax – High…

  • Income Tax

Penalty u/s 271AAB deleted as show cause notice did not specify limb of penalty

9 months ago

ITAT deleted penalty u/s 271AAB as show cause notice did not specify limb of penalty applicable to the assessee. In…

  • Income Tax

CBDT amends threshold of salaries and gross total income for certain perquisites

9 months ago

CBDT amends threshold of salaries and gross total income in respect of certain perquisites CBDT has notified Income tax (Twenty…

  • Income Tax

When books of account are not maintained, penalty u/s 271B can’t be levied

9 months ago

Once it is established that assessee has not maintained the books of account, same can not be audited - ITAT…

  • Income Tax

When loan stands repaid no addition can be made under Section 68 – ITAT

9 months ago

When assessee had already repaid unsecured loans along with the interest no addition can be made under Section 68 treating…