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ICAI sets up two new branches : at Morbi and Bhiwandi The Institute of Chartered Accountants of India (ICAI) has changed the name of Ahmednagar Branch of WRIC of ICAI as Ahilyanagar Branch. ICAI has also notified the setting up of two branches of ICAI first at Morbi …
Central Government notifies amended Protocol between India and Belgium for Avoidance of Double Taxation and the Prevention of Fiscal Evasion of taxes. Central Government notifies the Protocol amending the Agreement and the Protocol between the Government of the Republic of India and the Government of the Kingdom of …
Competition Commission of India inviting applications for engagement of Young Professionals (YPs) The Competition Commission of India, New Delhi is inviting applications from eligible candidates for engagement of Young Professionals (YPs) on contract basis, to be posted at Delhi/Mumbai/Chennai. The selected YPs shall be posted in the following …
Penalty u/s 271D deleted as the amount of cash deposited in assess’s bank belonged to his father who was an agriculturist, not having any operating bank account. In a recent judgment, ITAT Chandigarh has deleted penalty under section 271D as the amount of cash deposited in assessee’s bank …
No penalty u/s 129(3) of GST Act for non-filling of Part -B of the e-way bill due to technical glitch when there was no intention to evade payment of tax In a recent judgment, Allahabad High Court has held that penalty under section 129(3) of the GST Act …
Tax Authorities should charge legitimate taxes from the taxpayers instead of punishing the assessees for their bonafide mistakes – ITAT In a recent judgment, ITAT Chandigarh has deleted addition made by the AO criticised him of miserably failing to perform his duties and in assessing the true and …
SEBI Has issued a Press Release cautioning on dealing in Digital Gold. Digital Gold or E-Gold refers to electronic investment products that allow investors to buy, sell, and hold gold digitally without physically possessing it. Such Digital Gold is claimed to backed by real, physical gold stored securely …
Assessee can challenge the validity of any order in the collateral proceedings though the same has not been challenged before the appellate authority – ITAT In a recent judgment, ITAT Guwahati has held that assessee can challenge the validity of any order in the collateral proceedings though the …
Reopening quashed as Form No. 10 have limited space to fill reasons of accumulation of income u/s 11(2) and resolution was provided. In a recent judgment, Bombay High Court has quashed reopening order holding that the contents of Form No. 10 have limited space to fill reasons of …
Stamp duty valuation or classification for fiscal purposes does not determine the character of the property under the Income-tax Act – ITAT In a recent judgment, ITAT Ahmedabad has quashed addition holding that held that stamp duty valuation or classification for fiscal purposes does not determine the character …
