Cash surrendered during survey and added to WIP can not be disallowed u/s 68 as income was already declared in Trading account and it was a balancing entry-ITAT The appellant assessee had filed the instant appeal against the order of the CIT(A) contending that the Authorities below erred …

CBI arrests four deputy commissioners & one superintendent, all of customs departments and a private person in an alleged bribery case Press Release New Delhi, 01.05.2018 The Central Bureau of Investigation has arrested four Deputy Commissioners and one Superintendent, all from Customs Department, Mumbai and a private person …

Unrealised Interest on NPA Accounts not taxable notionally on accrual basis. AO has to follow the RBI Directions under section 45Q of RBI Act as held by Supreme Court The appellant Revenue had filed the instant appeal against the order of the Income Tax Appellate Tribunal (ITAT) in holding …

Draft Central Labour Laws (Amendment) Rules 2018 are published for the information of general public inviting objections or suggestions  Ministry of Labour and Employment has published the following the the Draft Central Labour Laws (Amendment) Rules, 2018 which  the Central Government proposes to make to further amend : …

IBBI invites comments from public on the Regulations notified under the Insolvency and Bankruptcy Code 2016 for bringing modifying regulations by March 2019 Insolvency and Bankruptcy Board of India PRESS RELEASE No. IBBI/PR/2018/… 30th April, 2018 Insolvency and Bankruptcy Board of India invites comments from public on the Regulations …

GST Mobile squad officers to be punished for non compliance of High Court orders-UP GST Commissioner Commissioner of Commercial Tax (GST), Uttar Pradesh has issued a letter to all officers stating that it has come to the knowledge of the Head Office that officers working at mobile squad …