CBDT notifies non-banking financial companies for the purpose of section 43D related to taxation of interest on bad or doubtful debts  Section 43D of the of the Income Tax Act, 1961 (the Act) provides for the taxation of the interest income in relation to bad or doubtful debts …

MCA clarifies holding of AGM/EGM through VC or other Audio Visual Means and passing of Ordinary and Special resolutions by the companies  Ministry of Corporate Affairs has issued General Circular No. 09/2023 dated 25.09.2023 clarifying on holding of Annual General Meeting (AGM) and EGM through video Conference (VC) …

Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in disallowance of deduction u/s 54 – ITAT ABCAUS Case Law Citation:ABCAUS 3806 (2023) (09) ITAT Important Case Laws relied upon by parties:CIT vs Venkata Dilip Kumar (277 taxman …

Assessing Officer was wrong to put the onus on assessee to prove that alleged cash transaction did not taken place – ITAT ABCAUS Case Law Citation:ABCAUS 3805 (2023) (09) ITAT In the instant case, the Income Tax Officer has challenged the order passed by the CIT(A) in deleting …

Reasons on which reopening done must first survive to make addition on additional issues also – ITAT explains Explanation 3 to section 147 ABCAUS Case Law Citation:ABCAUS 3804 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) and raised the …

DGFT de-lists 29 agencies authorized to issue Certificates of Origin- (Non Preferential)  Directorate General of Foreign Trade has de-listed 29 agencies authorized to issue Certificates of Origin- (Non Preferential)  Pursuant to Trade Notice No. 22/2023 dated 16.08.2023, agencies enlisted under Appendix 2E of FTP, 2023 who have still …