Minimum hotel room occupancy guarantee payments by OYO not liable to TDS u/s 194C – ITAT  In a recent judgment ITAT has held that minimum hotel room occupancy guarantee payments by OYO rooms was not liable to TDS u/s 194C as payment to contractor  ABCAUS Case Law Citation:ABCAUS …

It is quite reasonable and logical for a married daughter to keep her jewellery with her mother. ITAT deleted addition u/s 69 for jewellery found in locker In a recent judgment ITAT has deleted the addition of jewellery found in locker holding that it is quite reasonable and …

Registrar, Central Processing Center to examine e-forms, applications or documents filed with MCA Portal The Registrar of the Central Processing Center has been empowered to examine e-forms, applications or documents filed with MCA Portal in terms insertion of a new “Rule 10A – Central Processing Center” in the …

No Penalty u/s 271B for non Tax Audit when AO treated capital gain transaction as business income In a recent judgment, ITAT has deleted penalty u/s 271B for failure to get accounts audited u/s 44Ab of the Income Tax Act, 1961 (the Act) where Assessing Officer (AO) has …

Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were made applicable from 1st July, 2015 and revised version thereof were made applicable from 1st October, 2017 (“Existing version”). However, considering the legal amendments on the subject, SS-1 and SS-2 were subsequently …

ICAI revised Implementation Guide on reporting Audit Trail  ICAI has issued an Implementation Guide on reporting Audit Trail under Rule 11(g) of the Companies (Audit & Auditors) Rules 2014 Revised Edition 2024 The Ministry of Corporate Affairs vide notification dated March 24, 2021 issued the Companies (Audit and …