• Income Tax

Pooja Expenses are allowable business expenditure u/s 37 of Income Tax Act

1 year ago

Pooja Expenses incurred allowable business expenditure under section 37 of the Income Tax Act, 1961 - ITAT  In a recent…

  • SEBI

SEBI directs Mutual Funds to disclose expenses, half yearly returns, risk-o-meter of schemes

1 year ago

SEBI directs Mutual Funds to disclose expenses, half yearly returns,  yield and risk-o-meter of schemes Under  the  current  regulatory  framework …

  • Income Tax

Corrigendum to rectify mistake in original assessment order was a valid order – ITAT

1 year ago

Corrigendum to issued to rectify mistake in original assessment order was a valid assessment order - ITAT  In a recent…

  • Excise/Custom

Guidelines for maintaining ease of doing business in tax evasion investigation in import/export

1 year ago

Guidelines for Customs field formations  in maintaining ease of doing business while engaging in investigation into tax evasion cases in…

  • Income Tax

CBDT issues guidelines/monetary limits for reduction/waiver of interest u/s  220(2) 

1 year ago

CBDT issues guidelines and monetary limits of the income-tax authorities for reduction or waiver of interest paid or payable u/s …

  • Income Tax

Mere registration u/s 80G does not bring anonymous donations to tax u/s 115BBC(1)

1 year ago

Registration u/s 80G does not make a trust purely charitable so as to tax anonymous donations u/s 115BBC(1) – High…

  • Income Tax

For availing New Tax Regime benefit, filing Form No. 10IE is only directory in nature

1 year ago

ITAT allows benefit of New Tax Regime holding that Form No. 10IE is not mandatory but directory in nature  In…

  • Income Tax

E-Form notified for rollback of APA & expenditure on agricultural extension project

1 year ago

CBDT notifies e-Form for rollback of APA & claim of expenditure on agricultural extension project E-Form notified for application for…

  • Income Tax

Rectification application u/s 154 allowed treating demand notice as intimation u/s 143(1)

1 year ago

ITAT allows rectification application u/s 154 treating the first demand notice as deemed date of intimation u/s 143(1) In a…

  • Income Tax

No furnishing of inaccurate particulars of income if disallowance made u/s 40(a)(ia)

1 year ago

There is no willful default of furnishing inaccurate particulars of income if disallowance made u/s 40(a)(ia) In a recent judgment,…