NFRA imposes penalty of Rs. 4.50 crores on CA/Audit Firm for professional misconduct for not exercising due diligence In a…
Show cause not giving minimum seven days to respond to proposed variation – Assessment order set aside In a recent…
Even a single instance of loan given can be considered as money lending business for bad debts allowance - ITAT…
Service Tax Liability admitted Before Cut-off Date amounts to “quantified” under Sabka Vishwas (Legacy Dispute Resolution) Scheme- Allahabad High Court…
Voluntary ex-gratia compensation not taxable u/s 17(3)(i). Department has to confine to the grounds taken in appeal - ITAT Voluntary…
When purchases & sales found genuine deposit out of cash sales can be treated as non-genuine - ITAT In a…
Assessee was entitled to interest u/s 244A from 1st April of AY when return filed within extended due date -…
The debit entry cannot be added under Section 68 as it speaks about “Cash Credit” and not for debits entries…
Conversion of unsecured loan of wife against allotment of share in joint names in closely held company upheld The ITAT…
Penalty u/s 271D stayed as assessee denied having received cash loan and matter was pending in Civil Court In a…