CBDT notifies Special Courts under Income Tax & Black Money Act   CBDT has notified following Special Courts for the purposes of sub-section (1) of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, …

Disclosure in tax Audit Report in Form 3CD in Part B at Serial No. 21a does not automatically results in disallowance. ABCAUS Case Law CitationABCAUS 3559 (2021) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the disallowance made …

ICAI bans 21 Chartered Accountants for guilty of professional misconduct In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, …

 RBI revised regulatory framework for NBFCs. These guidelines shall be effective from October 01, 2022. The instructions relating to ceiling on IPO funding given vide para 3.1(d) of the Annex shall come into effect from April 01, 2022 Framework for Scale Based Regulation for Non-Banking Financial Companies Regulatory …

CIT(A) order set aside as lack of evidence not communicated and opportunity to make good deficiencies not given In the instant case, the assessee had jhallenged the order passed by the CIT(A) in confirming various additions without giving adequate opportunity to make representation against the confirmations of additions. …

Calendar for Sovereign Gold Bond 2021-22 notified A distinct Series (starting from Series VII) to be launched for every tranche which will be indicated on the Bond issued to the investor. The Sovereign Gold Bonds 2021-22 under this Scheme may be held by a Trust, HUFs, Charitable Institution, …