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Abcaus

Time compliance notice clock

Time for compliance of a notice to be calculated not by clock but by calendar – HC

administrator July 28, 2025 High Courts, Income Tax
Time for compliance of notice is to be calculated not by the clock but by the calendar. – order u/s 148A(d) quashed Time for compliance of a notice is to be calculated not by the clock but by the calendar. In a recent judgment, Hon’ble Jharkhand High Court …
Capital Gain Exemption 54F

Exemption u/s 54F allowed. Investment in name of spouse and respective share immaterial

administrator July 28, 2025 Income Tax, ITAT
Exemption u/s 54F allowed by ITAT holding that investment in purchase of plot in the name of the spouse and their respective shares is immaterial In a recent judgment, ITAT Chennai has allowed exemption u/s 54F observing that entire investment in purchase of plot is in the name …
Redemption price SGB 2017-18

Redemption price of SGB Scheme 2017-18 – Series II due on 28.07.2025, to be ₹9,924

administrator July 28, 2025 RBI
Redemption price of Sovereign Gold Bond Scheme 2017-18 – Series II due on July 28, 2025, shall be ₹9,924/- Final redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for final redemption of SGB 2017-18 Series-II due on July 28, 2025. The Sovereign Gold Bond Scheme 2017-18 – …
Registrar appointed new CA

HC refrained to interfere with direction of Registrar to appoint new CA for audit

administrator July 27, 2025 Audit, High Courts
High Court refrained to interfere with direction of Assistant Registrar to appoint a new Chartered Accountant to audit alleged financial irregularities of the society In a recent judgment, Allahabad High Court refrained to interfere with direction of Assistant Registrar to appoint a new Chartered Accountant to audit alleged …
Clearance of goods imported

Clearance of goods imported/shipped/arrived in advance, but not cleared from Customs

administrator July 26, 2025 Excise/Custom
Goods already imported / shipped / arrived, in advance, but not cleared from Customs may also be cleared for home consumption DGFT has issued a clarification on applicability of Para 2.12 of the Foreign Trade Policy regarding goods already imported / shipped / arrived in advance, but not …
Mistakes revised return corrections

Mistakes in ITR can be corrected only by revised return. CPC cannot go beyond ITR

administrator July 25, 2025 High Courts, Income Tax
Mistakes committed by assessee in return of income can be corrected only through a revised return of income. CPC cannot go beyond the return of income In a recent judgment, Kerala High Court has upheld the judgment of the ITAT that mistakes committed by the assessee while filing …

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