Direction for Special Audit u/s 142(2A) of CA firm quashed by ITAT as without meeting prerequisite of section 142(2A) ABCAUS Case Law CitationABCAUS 3651 (2023) (02) ITAT Important Case Laws relied upon:Sahara India Firm vs. Commissioner of Income Tax (2008) 300 ITR 403(SC)Rajesh Kumar vs. PCIT (2006) 287 …
Union Budget 2023-24. Direct Tax Highlights The Union Finance Minister Ms. Nirmala Sitharaman will present Budget 2023-24 in Parliament tomorrow on 1st February 2023 at 11 AM. The Budget Session of the Parliament has begun today. Watch live budget speech and live updation of Tax Proposals at this …
Once income suffered TDS it cannot be said to be undisclosed income – ITAT ABCAUS Case Law CitationABCAUS 3650 (2023) (01) ITAT Important Case Laws relied upon:Samson Maritime Ltd. vs CITMak Data 258 ITR 593 (SC)Dharmendra Textiles Processors (2007) 295 ITR 244CIT vs Vidyagauri Natwar Lal, 238 ITR …
Govt amends maturity period of Kisan Vikas Patra (KVP) and pre-maturity amount The Govt. has notified the Kisan Vikas Patra (Amendment) Scheme, 2023 with effect from 1st day of January, 2023. Amendments have been made to Kisan Vikas Patra Scheme 2019 It has been provided inter alia that …
If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings. ABCAUS Case Law CitationABCAUS 3649 (2023) (01) ITAT This interesting judgment of the ITAT deals with one quantum-appeal filed by assessee against the order passed by Commissioner of …
The Companies (Incorporation) Amendment Rules, 2023 MCA has notified the Companies (Incorporation) Amendment Rules, 2023 by amending the Companies (Incorporation) Rules, 2014. The amendments have been made to the following Rules along with revision of Form INC-3 One Person Company-Nominee Consent Form, INC-14 Declaration,INC-15 Declaration and RD-GNL-5-Form for …
