ITAT allows exemption u/s 11 when audit report in Form 10B was uploaded but could not be approved due to technical glitch In a recent judgment ITAT has allowed the exemption u/s 11 when audit report in Form 10B was uploaded within due date but could not be …

Empanelment of CA Firm as Concurrent Auditor of Saurashtra Gramin Bank for FY 2024-25 Saurashtra Gramin Bank has invited RFP for Empanelment of Chartered Accountant Firm as Concurrent Auditor. Last date for submission of RFP is 26/02/2024 The Applicant is required to submit the details of its proposal …

Escapement of income u/s 147 has to be established with concrete information under amended Act– High Court In a recent judgment Hon’ble High Court has made an extensive comparison of the amended provisions of income tax act 1961 with respect to escapement of income and held that under …

Explaining source of cash payment not a valid ground for not invoking disallowance u/s 40A(3) – ITAT In a recent judgment the ITAT has held that explaining source of cash payment not a valid ground for not invoking disallowance u/s 40A(3) of the Income Tax Act, 1961 (the …

RFP for appointment of Concurrent Auditor in DICGC for FY 2024-25- Last date : 11/03/2024 Deposit Insurance and Credit Guarantee Corporation (DICGC) has invited e-tender for appointment of a chartered accountants firm as Concurrent Auditor for FY 2024-25. The bids are invited through e-tender on portal of MSTC …

Prosecution u/s 276C and 278B upheld for not declaring income surrendered during search in return filed in response to notice u/s 153A In a recent judgment the Sessions Court has upheld the prosecution under section 276C and 278B of the Income Tax Act, 1961 (the Act)  for not …