Income contained in unverified transaction can only be taxed and not the amount of entire transaction. ITAT upheld tax on…
20 years aged person capable enough to give tips for purchasing shares. ITAT deletes penalty u/s 271(1)(c) for subjective disallowance…
Reopening us 147 based on material found in search not permissible. In such cases section 153C applies for framing assessment…
AO can not extrapolate numbers on seized dumb document into lakhs. Addition made by deciphering erased figures by forensic report…
RBI directs NBFCs to appoint nominated counsels in High Court to represent them when a petition is filed seeking interim…
Important judgment on EPS payment by exempted establishment under Section 17(1)(C) by Kerala High Court in the case of cooperative…
ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment and FAQ ICAI Educational Material on Ind-AS 16 Property, Plant…
Draft Companies Cost Records and Audit Amendment Rules 2017 Pursuant to of IndAS. Summary of changes proposed in Form CRA-1…
Peak credit theory not applicable if deposits are unexplained u/s 68. High Court overruled ITAT decision where CA was providing…
EPFO guidelines to overcome Blue Screen of Death (BSOD) and Black Screen Problem(s) reported. Instructions to overcome the BSOD problems…