• Income Tax

Adjustment of income tax refund of corporate debtor against old income tax dues upheld

1 month ago

Adjustment of income tax refund due to corporate debtor against old income tax dues shown in the balance sheet upheld…

  • SEBI

Obligations on CRAs in rating instruments falling under purview of other Financial Sector Regulator

1 month ago

Obligations on CRAs while undertaking rating of financial instruments falling under the purview of any other Financial Sector Regulator SEBI…

  • Income Tax

Entire material available on record not required to be supplied with notice u/s 148A(b)

1 month ago

Supply of information u/s 148A does not necessarily mean that entire material available on record have to be supplied to…

  • Income Tax

In case of estimation of income, penalty under Section 270A cannot be imposed

1 month ago

In case of estimation of income, penalty under Section 270A of the Income Tax Act cannot be imposed - ITAT…

  • RBI

RBI relaxes requirement and limits of collateral security in lending to MSME Sector

1 month ago

RBI has relaxed directions related to requirement and limits of collateral security for lending to Micro, Small & Medium Enterprises…

  • Income Tax

In absence of any stipulation to maintain creditor’s PAN, no adverse view may be drawn

1 month ago

In absence of any requirement in law to maintain details of PAN of creditors, no adverse conclusion may be drawn…

  • Income Tax

Form 26 to replace Form 3CD of tax audit report format from Tax Year 2026-27 (AY 2027-28)

1 month ago

Form 26 shall replace Form 3CD of tax audit report format from Tax Year 2026-27 (AY 2027-28) Draft Form 26…

  • Income Tax

When no addition is made on the basis of reasons recorded, reopening is bad in law

1 month ago

When AO do not make any addition on the basis of the reasons on which the reopening was done, the…

  • Insurance

No separate compensation for loss of love and affection under MV Act – SC

1 month ago

Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…

  • Income Tax

Trust accredited by National Open School eligible for registration u/s 12AB & u/s 80G

1 month ago

Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…