Listed entities to disclose shareholding pattern into promoters & promoter group separately – SEBI SEBI has mandated that Listed entities shall disclose shareholding pattern into promoters & promoter group separately Under Regulation 31(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR …

CBDT transfers 497 Joint / Additional Commissioners of Income Tax CBDT has made transfers/posting of 497 Income Tax Officers in the grade of Joint / Additional Commissioners of Income Tax. The breakup of transfers made are as under: 170 Mandatory Transfer/Review Cases 123 Request Cases 184 Promotion cases …

Debentures issued in lieu of interest liability allowable expenditure u/s 43B read with Explanation 3C – Supreme Court ABCAUS Case Law CitationABCAUS 3541 (2021) (08) SC The appellant had filed a SLP raising the question with reference to Section 43B Explanation 3C of the Income Tax Act, 1961 …

For difference of receipts as per 26AS and books of account, only embedded portion of profits can be added to the income ABCAUS Case Law CitationABCAUS 3540 (2021) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition …

ICAI announces schedule of next CA exams to be held in December 2021. As per Announcement of ICAI, the next Chartered Accountants Foundation, Intermediate (IPC)(Old Scheme), Intermediate(New Scheme), Final (Old Scheme as well as New Scheme) Examinations will be held in December 2021 as under: Foundation course Examination …

CBDT constitutes seven Interim Boards for Settlement of pending applications u/s 245A MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 91/2021 New Delhi, the 10th August, 2021 S.O. 3216 (E).—In pursuance of the powers conferred by sub-section (1) of section 245AA of the Income-tax Act, …