Provisions of Section 44AD not apply when the gross receipts is above 40 lakhs. High Court remands the case back…
RBI’s statement on fraud in PNB-No instruction given to PNB to meet its commitments under the Letter of Undertaking (LOU) to…
Constitutional validity of Section 21A of the Banking Regulation Act upheld by Supreme Court. PIL challenged it on the ground…
Orders of Supreme Court, High Courts and CESTAT accepted by the CBEC and on which no review petitions, SLPs have…
Supreme Court explains the law on cancellation of certificate u/s 12AA. Grant of Registration u/s 12A is quasi judicial function…
Assessment made on revised ITR with fake figures filed for bank loan purpose quashed as the original return was belated…
Deduction u/s 36(1)(vii) allowed for sales tax component of bad debts written off in the books of accounts. in any…
Explanatory Notes to the provisions of the Finance Act, 2017. CBDT has issued Circular No. 02/2018 dated 15th Februry, 2018 explaining the…
Addition made for electricity variation with quantum of production deleted. Lower consumption of electricity for the same quantum of production…
Addition for investment in land deleted when it was purchased by the company in the name of director to facilitate…