• Income Tax

Absence of irrevocability clause no ground for rejecting registration u/s 12AB

1 month ago

Absence of an explicit irrevocability clause in trust deed no ground for rejecting application for registration or renewal under section…

  • Income Tax

ITAT allows exemption of Rs. 25 lakhs u/s 10(10A) to non-government employees

1 month ago

ITAT allowed increased exemption of Rs. 25 lakhs u/s 10(10A) to non-government employees in view of CBDT retrospective notification. In…

  • Income Tax

PCIT has revisionary jurisdiction u/s 263 over the cases passed by the NFAC or the JAO

1 month ago

PCIT has revisionary jurisdiction u/s 263 over the cases irrespective of the fact that the relevant assessment was completed physical…

  • Insurance

Appellate court interfering with MACT finding must undertake reappreciation of evidence

1 month ago

Appellate court interfering with Motor Accidents Claims Tribunal findings on assessment of disability and loss of earning capacity must undertake…

  • Income Tax

When delay is not huge & involves huge monetary liability, lenient approach to be taken

1 month ago

When period of delay is not very huge and involve huge monetary liability on the assessee, a lenient approach should…

  • SEBI

EoGM of company can not ratify diversion of fund raised by preferential issue – SC

1 month ago

Ratification by EoGM of the company can not give legality of the diversion of the fund raised by preferential issue.…

  • Excise/Custom

Return of export cargo from Hormuz Strait where vessel do not lands at original port

1 month ago

CBIC prescribes procedures for return of export cargo from international waters due to closure of the Strait of Hormuz where…

  • Income Tax

Disallowance u/s 13(1)(c) can’t be made primarily that specified concerns earned higher profits.

2 months ago

Mere higher profit margins would not make payments made by Trust as diversion of funds for the benefit of the…

  • society

Chartered Accountant can’t be made an Inquiry Officer u/s 24 of Societies Registration Act 1860

2 months ago

Chartered Accountant can’t be made an Inquiry Officer under section 24 of Societies Registration Act 1860 – High Court In…

  • Government

Revised turnover threshold for grant of license/registration to food businesses in India

2 months ago

FSSAI revises turnover threshold for grant of license/registration to various food businesses in India under Food Safety and Standards (Licensing…