• Income Tax

Reassessment quashed as alleged transaction were reflected in Income Tax Returns

8 months ago

Reassessment quashed as the alleged transaction were clearly mentioned, reflected and contained in the Income Tax Returns filed by the…

  • Empanelment

EPFO invites RFP for appointment of CA Firm for FY 2024-25. Last date to apply: 31.03.2025

8 months ago

EPFO invites RFP for appointment of CA Firm for FY 2024-25 for preparation of Annual Financial Statements and automation. EPFO…

  • Income Tax

Penalty quashed as show cause notice & personal hearing decided in 48 hours

8 months ago

Penalty order quashed as show cause notice and opportunity of personal hearing was wrapped up in 48 hours In a…

  • Income Tax

ITD can’t suo motu issue a new PAN when assesseee have a valid PAN

8 months ago

Department can’t suo motu issue a new PAN when assesseee have a valid PAN under which returns are filed. In…

  • Income Tax

For Sundry creditors creditworthiness is not an essential point for examination

8 months ago

Sundry creditors are not loans or advances where creditworthiness to give advances is essential point for examination - ITAT In…

  • Income Tax

ITAT to record reasons why findings of appellate authority not acceptable

8 months ago

ITAT is required to examine correctness of the findings recorded by appellate authority and record conclusion why such findings are…

  • Companies Act

ABCAUS Excel Depreciation Calculator FY 2024-25 under Companies Act 2013 -Download

9 months ago

ABCAUS Excel Depreciation Calculator FY 2024-25 under Companies Act 2013 as per Schedule-II Version 03.21 The maiden ABCAUS Excel Companies…

  • bankruptcy

Income Tax demands raised subsequent to approval of Resolution Plan invalid – SC

9 months ago

Approved Resolution Plan is binding on Income Tax Department. Demands raised subsequently are invalid – Supreme Court In a recent…

  • RBI

RBI appoints Indranil Bhattacharyya as Executive Director w.e.f. March 19, 2025.

9 months ago

The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19,…

  • Income Tax

Statement recorded u/s 131(1A) instead of section 133A(iii) by survey team invalid

9 months ago

Statements recorded u/s 131(1A) instead of section 133A(iii) by survey team were invalid hence no addition can be made merely…