Govt. revise tenure of Justice (Retd.) Shri A.I.S. Cheema as Judicial Member NCLAT for four years. Shri Venugopal M, Judicial Member, NCLAT to act as Chairperson NCLAT MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd November, 2021 S.O. 4607(E).—In continuation of this Ministry’s notifications S.O. 3855(E) dated …

Expenses allowed in current year though accounted in subsequent year as prior period items and disallowed in computation ABCAUS Case Law CitationABCAUS 3560 (2021) (11) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of expenses related to current …

Extension of last date for filing of Cost Audit Report for FY 2020-21 to Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 The Ministry of Corporate Affairs (MCA) vide General Circular No. 18/2021 dated 29th October 2021 has further extended the …

e-settlement Scheme under Income Tax Act Under section 245D the Central Government is authorised to notify a scheme, for the purposes of settlement in respect of pending applications by the Interim Board, so as to impart greater efficiency, transparency and accountability. Accordingly, CBDT has notified e-Settlement Scheme, 2021 …

Deemed arm’s length price in case of variation between price determined u/s 92C for international transaction or specified domestic transaction for AY 2021-22 MINISTRY OF FINANCE(Department of Revenue) Notification No. 124/2021 New Delhi, the 29th October, 2021 (INCOME TAX) S.O. 4586(E).—In exercise of the powers conferred by the …

CBDT rolls out of the new Annual Information Statement. AIS should be considered in filling the original ITR or revised ITR to reflect the correct information   Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view …