SEBI list of defaulters  SEBI has issued list of defaulters as on 31st March 2018 for non-payment of Penalty imposed through orders passed upto December 31, 2017 The List contains the name and address of the defaulters, nature of violation, the amount of penalty and the date of …

Capital gain deduction u/s 54 for purchase of two flats on different floors allowed as flats were one above the other and converted into a single residential duplex unit The instant appeal was filed by the appellant assessee against he order of the CIT(A) in upholding the action …

RBI warns banks on vulnerability of ATMs running on windows XP or unsupported version of operating system and non-implementation of other security measures Control measures for ATMs – Timeline for compliance RBI has expressed concerns over the ATMs running on Windows XP and/or other unsupported operating systems. In …

Clarification Regarding Date of declaration of Results of CA Exams ICAI Clarifies on date of CA exams results  The Institute of Chartered Accountants of India (ICAI) has issued a clarification over a fake announcement circulated in the social media regarding the date of declaration of the Common Proficiency …

Income tax notice issued in the name of dead person is illegal. Revenue can nor plead ignorance as there is no provision requiting legal representative to to intimate death or cancel PAN– High Court The instant Writ Petition was filed by the appellant assessee seeking quashing of the …

There is no statutory bar for the Assessing Officer to rectify the assessment order even if an appeal is pending against it – High Court The instant Writ Petition was filed by the appellant assessee against the notice issued under section 154/155 of the Income Tax Act, 1961 …