CBDT promoted 97 Officers to the grade of Principal Commissioner of Income Tax (PCIT). Also, few transfers and assignment have also been made in the grade of PCIT.
- Discontinuance of business of firm will not vest ownership of firm’s property with partners
- Release of seized jewellery/gold u/s 132B within 120 days is directory not mandatory
- ICAI issues FAQs on key accounting implications arising from New Labour Codes
- Deduction u/s 80-IA(7) not allowed for delayed filing of audit report in Form 10CCB
- Is CSR expenditure is allowable under section 80G of Income Tax Act – ITAT says “Yes”
