There can be plethora of reasons for failure to execute a formal loan agreement reduced in writing. The need for written agreement should be best left to the judgment of the parties. In a recent judgment, ITAT Delhi observed that there can be plethora of reasons for failure …

When it is demonstrated that money has percolated to assessee from son though through companies in which he was a director, no addition can be made under section 56 – ITAT In a recent judgment, ITAT Chandigarh deleted addition under section 56 observing that once it is demonstrated …

GST order quashed for not considering the reply filed and not providing an opportunity of personal hearing before passing the order. In a recent judgment, Karnataka High Court quashed and set aside GST order passed without considering the reply filed and not providing an opportunity of personal hearing …

Public Relations Department, Raipur invites proposals from Chartered Accountants / Cost Accountants for providing services related to TDS and GST returns The Public Relations Department, New Raipur invites proposals from Chartered Accountants (CAs) or Cost Accountants (CMAs) for providing services related to TDS and GST returns for various …

Expression of Interest (EOI) for Empanelment of Chartered Accountant as Faculty for Training of Farmer Producer Organizations (FPOs). The AagriEDGE, the FPO Academy has been registered under the provisions of the Himachal Pradesh Societies Registration Act, 2006 (Act No. 25 of 2006) on the 3rd May, 2024 and …

Exemption from excise duty does not fall in the definition of income as envisaged under Section 2(24)(xviii) of the Income Tax Act. In a recent judgment, Hon’ble High Court of Jammu & Kashmir and Ladakh held that exemption from excise duty does not fall in the definition of …