Author: administrator
Past savings can be a valid source of cash deposits unless proven otherwise by the Department – ITAT In a recent judgment, Lucknow ITAT has deleted addition made under section 69 towards cash deposited in bank account holding that past savings can be a valid source of cash …
Statement of directors or employees of company not subject to cross-examination by the company as these persons are not a third party. In a recent judgment, Hon’ble Kerala High Court has held that statement of the directors or employees of company need not be subjected to cross-examination by …
CBIC clarifies various issues related to availment of benefit of Section 128A of the CGST Act, 2017 Based on the recommendations of the GST Council made in its 53rd and 54th meetings, a new section 128A was inserted in the Central Goods and Services Tax Act, 2017 and …
AO can’t pass order u/s 154 making additions merely on the admission made by the assessee in application submitted before Settlement Commission. In a recent judgment, ITAT Jaipur has held that Assessing Officer (AO) can not pass order u/s 154 for making additions to the income relying on …
Government has enhanced Pay and Allowances of Member of Parliament. The Joint Committee of the houses of parliament after consultation with the Central Government has notified the increase in the Constituency Allowance for Members of Parliament with effect from the 1st April, 2023 on the basis of Cost …
CBDT amends quarterly TDS Statement for TDS on payments to partners by firm. Section 194T of the Income Tax Act, 1961 has been inserted by the Finance (No. 2) Act, 2024, w.e.f. 1-4-2025. As per the newly inserted section 194T, payment by a firm to its partners any …
Maharashtra Gramin Bank invites applications from practicing firms of Chartered Accountants for empanelment of Concurrent Auditor/Revenue Audit/Stock & Relievable Audit for the period 1st April 2025 to 31st March 2026. Maharashtra Gramin Bank invites applications from practicing firms of Chartered Accountants within state of Maharashtra, in the prescribed …
Invitation for Comments on Draft Computer-Related Inventions (CRI) Guidelines 2025 The Office of the Controller General of Patents, Designs, and Trade Marks (CGPDTM) has published the Draft Guidelines for Examination of Computer-Related Inventions (CRI), 2025 for public consultation. Stakeholders and the public are invited to provide their comments and suggestions …
High Court quashed order cancelling GST registration on the ground of obtaining two separate registration for the same nature of business. In a recent judgment, Hon’ble Allahabad High Court quashed order cancelling GST restoration on the ground of violation of section 25(2) for obtaining two registration for the …
Sale and Issue of Government of India Securities (including Treasury Bills and Cash Management Bills) Government of India, in supersession of earlier two Notifications has notified the terms and conditions for sale and issuance of Government of India Securities, including Government of India Treasury Bills and Cash Management …
