Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board of ICAI. Updated CD…
Rule 8D not applicable to shares held as stock in trade. Calcutta High Court upheld ITAT judgment deleting disallowance made…
Jurisdiction cannot be conferred even by consent of parties. Acquiescence or any principle of law can not confer legality to…
Unreasonable penalty shakes confidence reduces voluntary compliance by the taxpayers. Revenue officials should be careful and reasonable in levying penalty-…
Assessment on the basis of AIR without notice us 143(2) void ab initio without jurisdiction and liable to be quashed,…
Expression of interest for panel of Actuaries by IRDA for a period of 3 years from 01-04-2017 to 31-03-2020. Online…
No concealment penalty without recording findings to bonafide of the explanation offered by the assessee with reasoning. ITAT deletes penalty…
Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder…
Poem guidelines not applicable to companies with turnover or gross receipts up to Rs 50 crores Circular No 08 of…
DG Income Tax-Exemptions action illegal in not taking decision on assessee's application seeking approval under Section 80 IB(7)(c)-Allahabad HC ABCAUS…