• Income Tax

Supreme Court explains the law on cancellation of certificate u/s 12AA

8 years ago

Supreme Court explains the law on cancellation of certificate u/s 12AA. Grant of Registration u/s 12A is quasi judicial function…

  • Income Tax

Assessment made on revised ITR with fake figures filed for bank loan purpose quashed

8 years ago

Assessment made on revised ITR with fake figures filed for bank loan purpose quashed as the original return was belated…

  • Income Tax

Deduction u/s 36(1)(vii) allowed for sales tax component of bad debts written off in the books of accounts

8 years ago

Deduction u/s 36(1)(vii) allowed for sales tax component of bad debts written off in the books of accounts. in any…

  • Income Tax

Explanatory Notes to the provisions of the Finance Act, 2017-CBDT Circular No. 02/2018

8 years ago

Explanatory Notes to the provisions of the Finance Act, 2017. CBDT has issued Circular No. 02/2018 dated 15th Februry, 2018 explaining the…

  • Income Tax

Addition made for electricity variation with quantum of production deleted. Lower consumption should be viewed positively-ITAT

8 years ago

Addition made for electricity variation with quantum of production deleted. Lower consumption of electricity for the same quantum of production…

  • Income Tax

Addition for investment in land deleted when it was purchased by the company in directors name to facilitate transfer as per State Laws

8 years ago

Addition for investment in land deleted when it was purchased by the company in the name of director to facilitate…

  • Finance Ministry

No proposal to withdraw protection against attachment of PPF Account

8 years ago

No proposal to withdraw protection against attachment of PPF Account under any decree or court order in respect of any…

  • Income Tax

Addition u/s 68 for not producing shareholders details deleted. In public issue company not expected to know every detail of subscribers-High Court

8 years ago

Addition u/s 68 for not producing shareholders details deleted as in public issue company not expected to know every detail…

  • Income Tax

Sale of shares can not be treated as business income merely on the basis of notes to Accounts

8 years ago

Sale of shares can not be treated as business income merely on the basis of notes to Audited Accounts. Five…

  • ICAI

No doubt hopes of students have shattered-Delhi High Court dismisses writ against CA results

8 years ago

No doubt hopes of students have shattered-Delhi High Court dismisses writ against CA results expresses concern over circulation of maessages…