Revised Income Tax Return post demonetisation to manipulation income, cash-in-hand, profits etc. to attract scrutiny penalty & prosecution-Finance Ministry Government…
Demonetisation actually a step in cashless economy direction. Is Finance Minister's statement a major shift in PM Modi's stated demonetisation…
More and more notes are printed and issued daily-RBI briefs Media agencies on Currency Issues and alleged involvement of staff…
Banks to preserve CCTV recordings from 08-11-2016 to 30-12-2016 for action in illegal accumulation of new currency notes-RBI Reserve Bank…
Additions ignoring peak credit amounts to double taxation if there is no material to show cash withdrawals could not have…
Axis Bank Licence Cancellation rumours for allegations of serious irregularities in deposit/exchange of Specified Bank Notes denied by RBI Date…
Bank to mention old-new currency deposits in counterfoils and educate customers to fill-up cash deposit slips showing old or new currency…
Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation and amount is…
ICAI KYC Norms mandatory for practicing CAs for all assignments pertaining to attest functions of all type of clients w.e.f…
Peak Credit theory additions ordered despite details not provided, evidence not furnished for the purposes of withdrawals from bank account-ITAT…