Mahila Samman Savings Certificate Scheme 2023 Mahila Samman Savings Certificate Scheme 2023 has been notified w.e.f. 31.03.2023 by the Ministry of Finance. Highlights of the Mahila Samman Savings Certificate Scheme 2023 is as under: I. Application for opening an accountAn application for opening an account under this Scheme …

Banks to offer opportunity of hearing to borrowers before classifying their account as fraud – Supreme Court ABCAUS Neutral Case Law Citation:ABCAUS 3693 (2023) (03) SC In the instant case, RBI and various banks had challenged the order passed by the High Court holding that the principles of …

Period of limitation for block assessment u/s 158BC/158BE commences from the date of last Panchnama, not the date of last authorization – SC ABCAUS Neutral Case Law Citation:ABCAUS 3692 (2023) (03) SC Important Case Laws relied upon by parties:C. Ramaiah Reddy v. Assistant Commissioner of Income Tax, (2011)244 …

Forfeiture of advance received on agreement to sale of property is capital receipt not income from other sources  ABCAUS Neutral Case Law Citation:ABCAUS 3691 (2023) (03) ITAT Important Case Laws relied upon by parties:Travencore Rubber & Tea Company Ltd. Vs. CIT (2000) 243 ITR 158 (SC)CIT Vs. Meera …

ICSI revised fees structure for Members with effect from 1st April, 2023 Fee concession for PCS Orientation Programme extended w.e.f.. 1st April,2015 and thereafter, to the newly admitted Associate Members in Annual Membership Fees and Annual CoP fees for the first two years to be discontinued w.e.f. 1st …

Restraint order against Institute of Cost Accountants of India ICAI Announcement In a civil suit filed by the Institute of Chartered Accountants of India (ICAI) for the infringement of its Trademark ‘ICAI’, the Hon’ble High Court of Delhi vide judgment dated 21.03.2023 has restrained the Institute of Cost …