• Due Date Extension
  • GST

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

11 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

11 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

11 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

11 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

11 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

11 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

11 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

11 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

11 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

11 months ago

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