• Income Tax

Adverse view on evidence without opportunity to cross examine witness by the assessee is wrong – ITAT

10 years ago

Adverse view taken on evidence without opportunity to cross-examine It is settled proposition of law that whenever the AO intends to…

  • Income Tax

CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income and revised return not accepted – ITAT

10 years ago

CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income…

  • Income Tax

CBDT extends IDS Form-2 acknowledgment issuance time to 30 days from 15 days for declarations filed under IDS Scheme in the month of July 2016

10 years ago

CBDT extends IDS Form-2 acknowledgment  issuance time to 30 days from 15 days for declarations filed under IDS Scheme in…

  • Income Tax

Amendment to convention Between India-Mauritius DTAA and Prevention of fiscal evasion of income taxes, capital gains, mutual trade-investment encourgement

10 years ago

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th August, 2016 (INCOME-TAX) S.O. 2680(E).—Whereas, a Protocol amending the…

  • Income Tax

Rent held Business Income not House Property income when the business of the company was to lease its property and to earn rent-Supreme Court

10 years ago

Rent held Business Income not House Property income  When the the assessee company had only one business and that is of…

  • Service Tax

Service tax on freight forwarders on transportation of goods from India when freight forwarders act as agent or principal-Circular

10 years ago

Service tax on freight forwarders on transportation of goods from India when freight forwarders act as agent or principal. Circular…

  • SEBI

SEBI-Annual System Audit of Stock Brokers / Trading Members of National Commodity Derivatives Exchanges from FY 2016-17 onwards

10 years ago

Annual System Audit of Stock Brokers / Trading Members of National Commodity Derivatives Exchanges Securities and Exchange Board of India…

  • RBI

RBI-Customers Limited Liability in Unauthorised Net Banking Transactions. After reporting unauthorised transaction to bank loss shall be borne by bank.

10 years ago

RBI-Customers Limited Liability in Unauthorised Net Banking Transactions. After reporting unauthorised transaction to bank loss shall be borne by bank.…

  • ICAI

Chartered Accountant held guilty of misconduct not detecting fraud in bank concurrent audit with penalty of severe reprimand – Delhi High Court

10 years ago

CA held guilty of misconduct not detecting fraud in bank concurrent audit, served with penalty of severe reprimand - Delhi High…

  • Finance Ministry

Settlement of audit objections in Ministries-Departments. JS level Committee to be set up to settle outstanding Inspection Reports & Audit Paras

10 years ago

F.No. 12(10)/E-Coord/2016 Government of India Ministry of Finance Department of Expenditure Lok Nayak Bhavan, New Delhi Dated the 10th August…