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Supreme Court to decide if non mentioning DIN by income tax authorities makes order void or it’s just a procedural mistake ABCAUS Case Law Citation:ABCAUS 3855 (2024) (02) SC CBDT Circular No.19/2019 dated 14th August 2019 provides that on or after the 15th day of October, 2019, no communication …
RBI bans Paytm Payments Bank Ltd from receiving payments after February 29, 2024 In 2022, RBI had directed Paytm Payments Bank Ltd from onboarding of new customers. The bank had also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT …
If assessee not availed opportunity of cross examination, it can not be ground of challenge – Supreme Court dismisses Special Leave Petition ABCAUS Case Law Citation:ABCAUS 3854 (2024) (02) SC Important Case Laws relied upon by parties:Kishan Chand Chellaram Vs. CIT, (1980) 125 ITR 713 SCSumati Daya Vs. …
Wherever word only “Business” is used, it does not include “Profession” – ITAT deletes addition for compensation u/s 28(ii)(e) In a latest decision, ITAT while deleting addition u/s 28(ii)(e) held that in the Income Tax Act, 1961 wherever word only “Business” is used, it does not include “Profession” …
Union Interim Budget 2024 – Disputed old income Tax demands to be withdrawn. No change in the tax slabs or rate The interim budget will be a vote-on-account and will give the present government authority to spend certain sums of money till a new government comes into office …
Issuance of CPE Statement, 2023: Guidelines on Continuing Professional Education for undergoing CPE Activities by Members of ICAI The Continuing Professional Education Committee (CPEC) a non-standing committee of the Council of the ICAI is entrusted with the task of setting strategic directions and overseeing CPE activities of Programme …
Once, relief is granted based on the remand report of the AO, revenue would be precluded from filing any further appeal – ITAT In a recent judgment, the ITAT has held that once, relief is granted based on the remand report of the AO, revenue would be precluded …
In a recent judgment, ITAT has held that in the absence of Document Identification Number (DIN) mentioned in the approval memo, such statutory approval under section 153D is rendered a nonest approval in law. Absence of DIN while granting statutory approval under section 153D would tantamount to no …
The Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024 MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 24th January, 2024 G.S.R. 61(E).— In exercise of the powers conferred by sub-section (3) of section 23 read with section 469 of the Companies Act, 2013 (18 of 2013), the …
Grievance for not condoning delay for filling Form No. 10B cannot be addressed by way of appeal before ITAT In a recent judgment, the ITAT has held that it can not entertain an appeal challenging the rejection of condonation of delay in filing audit report in Form No. …
