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Insolvency Laws – Amendment in various regulations 

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  • Income Tax

Generation & allotment of UIN in Form No. 121 declaration for payment without TDS

Procedure, formats and standards for generation and allotment of Unique Identification Number (UIN) in respect of Form No. 121 declaration…

1 hour ago
  • Income Tax

Penalty u/s 270A deleted as AO failed to mention the relevant clause the case fall

Penalty u/s 270A deleted as AO failed to mention under which clause the case of the assessee fall. In a…

22 hours ago
  • Income Tax

Income by deploying ex-servicemen as security guards not business activity

Income of section 25 company by deploying ex-servicemen as security guards was not business activity. In a recent judgment, Kerala…

2 days ago
  • Income Tax

Draft assessment order cannot give rise to any enforceable demand 

In absence of a valid final assessment order passed within statutory time frame, draft assessment order cannot give rise to…

3 days ago
  • Income Tax

No disallowance u/s 43B if expenditure not claimed in Profit and Loss Account

No disallowance u/s 43B can be made if expenditure has not been not claimed by the assessee in Profit and…

4 days ago
  • Income Tax

Assessee developing infrastructure facility of Govt. not contractor for denying 80IA deduction

Whether an assessee developing an infrastructure facility of Government is a contractor and ineligible for claim of deduction under Section…

5 days ago