• Income Tax

Concealment penalty upheld on profit estimated on suppressed turnover quantified on the basis of Form 26AS

8 years ago

Concealment penalty upheld on profit estimated on suppressed turnover conceded by assessee and quantified on the basis of Form 26AS…

  • Income Tax

Addition made for cash deposits in undisclosed bank account do not hold any force as withdrawals and deposits do not constitute income in itself – ITAT 

8 years ago

Addition made for cash deposits in undisclosed bank account do not hold any force as withdrawals and deposits do not…

  • Income Tax

Mere payment of remuneration to trustees not attract section 13(1)(d) unless excessive or unreasonable

8 years ago

Mere payment of remuneration to trustees not attract section 13(1)(d) of Income Tax Act unless it is excessive or unreasonable…

  • Supreme Court

Cheque dishonour complaint u/s 138 NI Act by power of attorney legal- Supreme Court

8 years ago

Cheque dishonour complaint u/s 138 of Negotiable Instruments Act by the power of attorney would be maintainable in law -…

  • Income Tax

Exclusion inclusion of comparables to determine ALP not necessarily give rise to questions of law – High Court

8 years ago

Exclusion inclusion of comparables to determine Arm's Length Price (ALP) not necessarily give rise to purely legal or substantial questions…

  • Companies Act

MCA notifies 1st October, 2018 as the date of constitution of National Financial Reporting Authority

8 years ago

MCA notifies 1st October, 2018 as the date of constitution of National Financial Reporting Authority. The following two notifications have…

  • EPFO

Increase in Dearness Relief to Central Government pensioners / family pensioners from 7% to 9%

8 years ago

Increase in Dearness Relief to Central Government pensioners / family pensioners from the existing rate of 7% to 9% w.e.f.…

  • GST

Compensation to States Act 2017 Constitutionally valid not beyond legislative competence – SC

8 years ago

The Compensation to States Act 2017 Constitution valid, not beyond the legislative competence of Parliament. No offset for Clean Energy Cess -SC ABCAUS Case Law Citation:…

  • Excise/Custom

ICEGATE – Facility of uploading document on eSANCHIT by Government agencies instead of importer/exporter

8 years ago

ICEGATE - Facility of uploading document on eSANCHIT by Government agencies instead of importer/exporter after Pilot Project Circular No 35/2018-Customs…

  • Income Tax

Provision reducing asset side of balance sheet amounts to writing off bad debts in accordance with section 36 (2)

8 years ago

If asset side of balance sheet is reduced by provision made, it amounts to writing of the debts in accordance…