Addition u/s 68 on the premise that cash was deposited 16 days after receipt quashed by ITAT In a recent judgment, the ITAT Delhi has quashed the addition u/s 68 for cash deposited in bank adopting an unreasonable approach that cash was deposited 16 days after the receipt …

MCA relaxes time for producer companies for dematerialisation of securities. The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2024 MCA has notified the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2024 giving relaxation of time to producer companies in dematerialisation of securities MINISTRY OF CORPORATE AFFAIRS …

SC holds car driver not guilty of accident as truck was parked on middle of highway at night In a recent judgment the Hon’ble Supreme Court reversed the finding of the High Court that car driver could have averted crash accident with the truck parked on the Highway …

Delhi Chief Minister Atishi Government – Portfolios of Ministers Delhi Chief Minister Atishi Government – Portfolios of Ministers. Aam Aadmi Party (AAP) leader Atishi took oath as the new Chief Minister of Delhi on 21st September 2024. She is the youngest leader to become Delhi’s Chief Minister. Important …

Adjustment of ITC appearing in second GSTN  when two GSTN allotted – Hon’ble High Court directs fresh order to be passed. In a recent judgment, the Hon’ble Allahabad High Court has quashed the GST demand and directed GST authorities to pass a fresh order allowing adjustment of ITC …

Government notifies the Direct Tax Vivad se Vishwas Rules, 2024. Direct Tax Vivad Se Vishwas Scheme, 2024 shall come into force from 1st day of October, 2024. In pursuance of the announcement in Union Budget 2024-25 the Central Board of Direct Taxes (CBDT) has notified the Direct Tax …