Affidavits, if credible and corroborated by other evidences, can be sufficient to explain the source of cash deposits -ITAT In a recent judgment, the Hon’ble Ahmedabad ITAT has held that affidavits, if credible and corroborated by other evidences, can be sufficient to explain the source of cash deposits. …

Show cause notice for penalty u/s 270A not specifying limb i.e. mis-reporting or under-reporting was bad in law – High Court In a recent judgment, the Hon’ble Delhi High Court has held that show cause notice for penalty u/s 270A not specifying limb i.e. mis-reporting or under-reporting was …

Section 202 Cr.P.C. not prescribe manner of holding enquiry. Benami Act summon upheld In a recent judgment, the Hon’ble Allahabad High Court has held that Section 202 Cr.P.C. does not prescribe the manner of holding an enquiry under this provision. The summoning order under Benami Act passed after …

J&K Bank On-line Application For Empanelment Of Chartered Accountant/Cost Accountants Firms As Concurrent Auditors For The Year 2024-25 : Last date is 22.06.2024 How to Register The eligible Chartered /Cost Accountant Firms are required to apply ON-LINE through bank’s website. No other means/ mode of Application/Registration will be …

CBDT amends jurisdiction of DIT(Intelligence & Criminal Investigation) Lucknow & Kanpur MINSTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 5/2024  New Delhi, the 6th June, 2024 S.O. 2209(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, …

Merely on basis of unsigned document it cannot be assumed that amount/price paid is as stated in said document – ITAT In a recent judgment, the ITAT Hyderabad has held that merely on the basis of an unsigned document it cannot be assumed that price paid is as …