ITAT quashed penalty u/s 271AAB for non-mentioning of specific limb in the show cause notice In a recent judgment, Delhi ITAT quashed penalty u/s 271AAB for non-mentioning of specific limb in the show cause notice and following decision of Hon’ble Supreme Court that the construction which is favourable …
IBBI extends time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016 Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Circular No. IBBI/LIQ/80/2024 09th January, 2025 To All Registered Insolvency Professionals All Recognised Insolvency Professional …
IRDAI has notified the Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2025 The objective of IRDAI (Regulatory Sandbox) Regulations 2025 is to create a Regulatory Sandbox to facilitate innovation in the insurance sector while ensuring orderly development of the insurance sector and protection of interests …
Assessee not expected to prove the negative that he has not availed fictitious loan – ITAT In a recent judgment, Chennai ITAT quashed revisionary proceedings u/s 263 holding that assessee cannot be expected to prove the negative that he has not availed fictitious loan in the absence of …
RBI has not instructed banks to require CA certificate on unaudited Financial Statements or certify identity and address of a loanee. Reserve Bank of India, reply to an application filed by CA Pranav Pramod Ashtikar under Right to information Act (RTI) 2005, has clarified about banks/financial institutions requiring …
In UP schools are exempted from house tax but not from water tax & sewerage tax – Allahabad High Court In a recent judgment, Allahabad High Court has held that In Uttar Pradesh schools are exempted from house tax but no such exemption is available for levy of …
