CBDT issues FAQs relating to Revised Guidelines for Compounding of Offences under Income-Tax Act, 1961  CBDT has issued Circular on Frequently Asked Questions (FAQs) relating to Revised Guidelines for Compounding of Offences under Income-Tax Act, 1961 The revised Guidelines for Compounding of Offences under the Income-Tax Act, 1961 …

Reopening proceedings upheld though the notice u/s 148 wrongly stated that no return was filed as reopening was not based on non-filing of ITR In a recent judgment, Hon’ble Bombay High Court upheld the initiation of reopening proceedings u/s 147 where though the notice u/s 148A(d) wrongly stated …

Mere non response by assessee to show cause notice u/s 263 is not sufficient to justify revisionary order – ITAT In a recent judgment, ITAT Agra has held that mere non response by the assessee to show cause notice u/s 263 is not sufficient to justify revisionary order …

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Uttar Pradesh In view of the recent developments concerning the application process for GST registration, the following key points are important in the GST registration process. 1. Rule 8 of the CGST Rules, 2017 has …

Penalty u/s 270A can not be levied for only making a claim which was disallowed. Filing of Form No. 68 for claiming immunity u/s 270AA is only procedural and directory – ITAT  In a recent judgment, ITAT Agra deleted penalty u/s 270A holding that no penalty u/s 270A …

District Co-operative Central Bank Ltd. Srikakulam invites application for empanelment of Concurrent Auditor for Financial Year 2025-26 The District Co-operative Central Bank Ltd. Srikakulam has invited application from eligible Chartered Accountant Firms for empanelment as Concurrent Auditor for conducting concurrent audit / Internal audit in the branches/Head Office …