Relinquishing ESOP right accrued are taxable as capital gains not profits in lieu of salary u/s 17(3)(iii)  – ITAT ABCAUS Case Law Citation ABCAUS 3625 (2022) (12) ITAT Important Case Laws relied upon:CIT vs. Sarangpur Cotton Manufacturing Co. Ltd., 6 ITR 36CIT vs. A. Krishnaswami Mudaliar & Ors.  …

ICAI revised 2022 edition of Implementation Guide and FAQ to SA 230- Audit Documentation The Auditing and Assurance Standards Board of ICAI has issued revised  2022 edition of Implementation Guide to Standard on Auditing (SA) 230 Audit Documentation.  brought out the revised edition of the Implementation Guide to …

CBDT releases list of Exempt Institutions Registered with Unique Registration Number – Order in Form 10AC CBDT vide notification No. 19/2021 dated 26.03.2021 revised the procedure for registration of charitable trusts All trusts/charitable institutes were required to make a fresh application for provisional registration in Form No. 10A …

Assessee’s time cannot be taken for granted by Income Tax Department. Assessee can not be made to appear before the tax authorities again and again ABCAUS Case Law Citation ABCAUS 3624 (2022) (12) ITAT Important Case Laws relied upon:Alkaben B. Patel vs. ITO43 Taxmann.com 333 (Ahm)Sujatha Ramesh vs. …

CBDT issues Circular on deduction of Tax TDS on Salaries u/s 192 of the Income Tax Act, 1961 during FY 2022-23  CBDT has issued Circular No. 24/2022 dated 7th December 2022 specifying guidelines for TDS on Salaries for the Financial Year 2022-23. CBDT Circular – TDS on Salaries …

Investor companies having low income and assets in the form of investments have been created through rotation of money in between the group companies not enough ground to prove that any unaccounted money of the assessee has been introduced in the assessee company warranting addition under section 68 …