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Application for setting aside arbitral award u/s 34 of the Arbitration and Conciliation Act, 1996 filed on the next working day of the court, was within limitation period – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that the application for setting aside arbitral award …
No Penalty can be imposed u/s 270A by AO on the basis of difference in fair market value determined by the DVO on estimation basis with the sale deed price. In a recent judgment, ITAT Chennai has deleted Penalty under section 270A imposed by AO on the basis …
Excel Form 10E-Salary Arrears Relief calculator AY 2025-26 (FY 2024-25) for claiming rebate under section 89(1) of Income Tax Act 1961-Download As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives salary in …
Under Arbitration Act 1940, clauses in contract merely barring contractor from claiming interest is no bar on arbitrator to grant Pendente lite interest. In a recent judgment, the Hon’ble Supreme Court had upheld grant of Pendente lite interest by the Arbitrator holding that under the provisions of the 1940 …
RBI has issued a master direction on payment of interest and levy of penalty on various deposits held in banks Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2025 The said Directions provide a framework for banks to follow while formulating their policies on …
Order of Settlement Commission is conclusive and final in respect of the relevant assessment year and AO have no jurisdiction to reopen the assessment under section 147. In a recent judgment, Hon’ble Supreme Court has quashed the Special Leave Petition (SLP) against the judgment of the Hon’ble Gujarat …
RBI issues FAQs and Master Circular on Payment of Pension to Central Government Pensioners by Authorised Banks Payment of pension to retired government employees, including payment of basic pension, increased dearness relief (DR), and other benefits as and when announced by the governments, is governed by the relevant …
Supplier ordered to compensate assessee GST demand & penalty imposed upon him due to GST paid to supplier was not reflecting in form GSTR-3B of the assessee. In a recent judgment, Hon’ble Allahabad High Court has ordered supplier to compensate and pay to the assessee/dealer the amount of GST …
Revised Excel Form 3CD Tax Audit Report for AY 2025-26. Download Revised Tax Audit Report with Annexures Revised Form 3CD in Excel Format for AY 2025-26 CBDT vide Notification No. 23/2025 dated 28.03.2025 has amended the Tax Audit report Form 3CD to be issued by the chartered accountants …
CBIC introduces electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and jewellery through personal carriage by air passengers from 01.05.2025 F. No.450/72/2023-Cus IVGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)***** Room No. 229A, North Block,New Delhi, dated the 28th March, …
