• Empanelment

EPFO invites RFP for appointment of CA Firm for FY 2024-25. Last date to apply: 31.03.2025

12 months ago

EPFO invites RFP for appointment of CA Firm for FY 2024-25 for preparation of Annual Financial Statements and automation. EPFO…

  • Income Tax

Penalty quashed as show cause notice & personal hearing decided in 48 hours

12 months ago

Penalty order quashed as show cause notice and opportunity of personal hearing was wrapped up in 48 hours In a…

  • Income Tax

ITD can’t suo motu issue a new PAN when assesseee have a valid PAN

12 months ago

Department can’t suo motu issue a new PAN when assesseee have a valid PAN under which returns are filed. In…

  • Income Tax

For Sundry creditors creditworthiness is not an essential point for examination

12 months ago

Sundry creditors are not loans or advances where creditworthiness to give advances is essential point for examination - ITAT In…

  • Income Tax

ITAT to record reasons why findings of appellate authority not acceptable

1 year ago

ITAT is required to examine correctness of the findings recorded by appellate authority and record conclusion why such findings are…

  • Companies Act

ABCAUS Excel Depreciation Calculator FY 2024-25 under Companies Act 2013 -Download

1 year ago

ABCAUS Excel Depreciation Calculator FY 2024-25 under Companies Act 2013 as per Schedule-II Version 03.21 The maiden ABCAUS Excel Companies…

  • bankruptcy

Income Tax demands raised subsequent to approval of Resolution Plan invalid – SC

1 year ago

Approved Resolution Plan is binding on Income Tax Department. Demands raised subsequently are invalid – Supreme Court In a recent…

  • RBI

RBI appoints Indranil Bhattacharyya as Executive Director w.e.f. March 19, 2025.

1 year ago

The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19,…

  • Income Tax

Statement recorded u/s 131(1A) instead of section 133A(iii) by survey team invalid

1 year ago

Statements recorded u/s 131(1A) instead of section 133A(iii) by survey team were invalid hence no addition can be made merely…

  • Income Tax

ITAT not justified refusing additional evidence without a finding on their relevance

1 year ago

ITAT was not justified in declining admission of additional evidence without recording finding those documents were not necessary for deciding…