• Finance Ministry

Dearness Allowance payable to Central Government employees enhanced from existing rate of 119% to 125% from 1st January, 2016

10 years ago

No. 1/1/2016-E·II (B) Government of India Ministry of Finance Department of Expenditure ***** North Block, New Delhi Dated the  7th…

  • Income Tax

CBDT order rejecting TDS refund on penal interest treating it non-exempt u/s 10(15)(iv)(c) quashed

10 years ago

In a latest judgment, Delhi High Court has quashed CBDT order rejecting refund of TDS deducted on penal interest treating it non-exempt…

  • Income Tax

Set off of business loss from unexplained cash credits u/s 68 not permissible in view of combined reading of sections 71 , 72 and 32(2).

10 years ago

In a latest judgment, ITAT Chennai has upheld that allowing set off of business loss from the unexplained cash credits…

  • Income Tax

Additional depreciation us 32(1)(iia)-There is no provision for postponement or carry forward to next financial year

10 years ago

In a recent judgment, ITAT Chennai has held that the assessee is not entitled to additional depreciation u/s.32(1)(iia) of the…

  • Companies Act

Financial Statements Formats for companies required to comply with IndAS-Amendment to Schedule-III

10 years ago

MCA Notification-Format of financial statements for a company whose financial statements are drawn as per Companies (Indian Accounting Standards) Rules, 2015. MINISTRY…

  • Income Tax

Merely because an income has been taxed in recipient’s hand it does not become deductible expenditure but as per Law

10 years ago

In a recent judgment, ITAT Mumbai has opined that merely because an income has been taxed in the hands of…

  • Companies Act

Banking, insurance, power, NBFC and housing finance companies need not file XBRL financial statements

10 years ago

GOVERNMENT OF INDIA Ministry of Corporate Affairs Notification New Delhi, the 4th April, 2016 GSR (E) - In exercise of…

  • WhatsApp

WhatsApp Messages/Calls end to end Encryption-Step-wise procedures

10 years ago

How to enable WhatsApp end-to-end encryption WhatsApp Messenger has introduced the facility of end-to-end encryption when messages are sent using…

  • Income Tax

Right of appeal is a substantive right created by statute which cannot be retrospective. Appeal has to be filed within limitation prescribed

10 years ago

In a recent judgment, Allahabad High Court has held that  right of appeal is a matter of procedure which gets…

  • Income Tax

ITAT condoned 7 days delay in filing appeal before CIT(A)-Cause of substantial justice deserves to be preferred over technical considerations

10 years ago

"When substantial justice and technical considerations are pitted against each other, the cause of substantial justice deserves to be preferred"…