• ICAI

ICAI issues FAQs on Guidance Note on Financial Statements of Non-Corporate Entities 

1 year ago

ICAI issues Frequently Asked Questions (FAQs) on Guidance Note on Financial Statements of Non-Corporate Entities  The Accounting Standards Board of…

  • Income Tax

Organizing Garba event not business/trade u/s 2(15) to deny benefit of exemption u/s 11

1 year ago

Organizing Garba event was not business within the meaning of section 2(15) to deny the benefit of exemption u/s 11…

  • Government

Govt. denies directions given to Banks to close inactive PM Jan Dhan Yojana accounts

1 year ago

Govt. denies any directions given to Banks to close inactive PM Jan Dhan Yojana accounts No directions have been given…

  • Income Tax

When Trust had no activities, CIT(E) to evaluate such explanation objectively – ITAT

1 year ago

When Trust had no activities, it was incumbent upon the CIT(E) to evaluate such explanation objectively then rejecting application for…

  • Income Tax

Profit from exchange rate fluctuation not export earnings, ineligible to benefit u/s 80 HHC

1 year ago

Profit from exchange rate fluctuation is independent of export earnings. Fluctuations from the EEFC account does not fall within the…

  • DGFT

Engagement of Yong Professionals during 2025 in DGFT, New Delhi – Application invited

1 year ago

Engagement of Yong Professionals during 2025 in DGFT, New Delhi - Application invited The Directorate General of Foreign Trade (DGFT)…

  • Income Tax

No response to notice u/s 133(6) in the manner AO expected no basis for making additions

1 year ago

Merely because of no response to notice u/s 133(6) in the manner the AO expected not a basis for making…

  • Income Tax

Interest on late payment of GST is compensatory and not penal for deduction u/s 37.

1 year ago

Interest paid on delayed payment of GST/VAT is compensatory and not penal in nature for allowability under section 37. In…

  • Income Tax

When appeal is set aside by ITAT consequential proceedings are fresh proceedings – ITAT

1 year ago

Once appeal of assessee is set aside by ITAT with certain directions, then the consequential proceedings are fresh proceedings -…

  • Service Tax

Facts not disclosed & surfaced on investigation amounts to wilful suppression to evade tax

1 year ago

New facts surfaced during investigation and would not have become known but for investigation amounts to wilful suppression to evade…