No penalty u/s 271F as due to mistake of DDO wrong PAN was mentioned in 26AS and assessee was precluded from filing the return of income – ITAT ABCAUS Case Law Citation:ABCAUS 3808 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by …

Benefit of concessional rate of tax u/s 115BAA can not be denied on the premise that assessee has to file Form No. 10IC for each assessment year ABCAUS Case Law Citation:ABCAUS 3807 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by the …

ICAI bans six chartered Accountants for committing professional misconduct ICAI has removed name of six chartered Accountants from the register of members for committing professional misconduct Sl No. Particulars Period of removal Notification 1. CA. Sudhakar C (Membership No. 026064), No. F 2, First Floor, No. 16, Durgam …

CBDT notifies non-banking financial companies for the purpose of section 43D related to taxation of interest on bad or doubtful debts  Section 43D of the of the Income Tax Act, 1961 (the Act) provides for the taxation of the interest income in relation to bad or doubtful debts …

MCA clarifies holding of AGM/EGM through VC or other Audio Visual Means and passing of Ordinary and Special resolutions by the companies  Ministry of Corporate Affairs has issued General Circular No. 09/2023 dated 25.09.2023 clarifying on holding of Annual General Meeting (AGM) and EGM through video Conference (VC) …

Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in disallowance of deduction u/s 54 – ITAT ABCAUS Case Law Citation:ABCAUS 3806 (2023) (09) ITAT Important Case Laws relied upon by parties:CIT vs Venkata Dilip Kumar (277 taxman …