• Income Tax

Mere producing bills & books don’t absolve AO from making inquiry into cash deposits

10 months ago

Mere producing purchase and sales vouchers along with books did not mean that the Assessing Officer was not required to…

  • GST

Mere non payment of GST liability apparent in DRC-01 not justified invoking Section 74

10 months ago

Mere non payment of GST liability apparent in DRC-01 would not justify invoking provisions of Section 74 of the Act…

  • Income Tax

Opening/existing FDRs if free from lien, qualifies as accumulation of income u/s 11

10 months ago

Opening balance or existing Fixed Deposits if free from lien qualifies as accumulation of income under section 11(2) of the…

  • Income Tax

Without establishment sale transaction as LTCG, assessee not entitled for deduction u/s 54F

10 months ago

Without establishment sale transaction as long term capital gain, assessee is not entitled for deduction u/s 54F of the Act…

  • SEBI

Government appoints Shri Tuhin Kanta Pandey, IAS as Chairman, SEBI for three years.

10 months ago

Government appoints Shri Tuhin Kanta Pandey, IAS as Chairman, Securities and Exchange Board of India, for three years. MINISTRY OF…

  • Income Tax

Order u/s 148A(d) quashed as SCN was issued to the email address of demised director

10 months ago

Order u/s 148A(d) quashed as show cause notice u/s 148A(b) was issued to the email address of demised director after…

  • GST

GST arrest provisions legal, Courts have power to grant anticipatory bail – Supreme Court

10 months ago

Constitutional validity of GST arrest provisions upheld by Supreme Court together with power of courts to grant anticipatory bail  In…

  • Income Tax

Adjustment u/s 50C cannot be applied at the stage of processing of return u/s 143(1)

10 months ago

Adjustment under Section 50C of the Act is not possible in processing of return under section 143(1) of the Income…

  • GST

Action already taken u/s 73 of CGST Act 2017 no ground to restrain audit u/s 65 – HC

10 months ago

Action already taken u/s 73 of CGST Act, 2017 no ground to restrain Department from conducting audit under section 65…

  • SEBI

Opening of Demat Account in the name of Association of Persons

10 months ago

SEBI permits opening of Demat Account in the name of Association of Persons. SEBI in view of the representations to…