AO not allowed to make addition in the hands of the housewives for cash deposit in bank during demonetization if less than 2.5 lakhs In a recent judgment, ITAT Agra deleted the addition holding that AO is not allowed to make addition in the hands of the housewives …

Rejection of approval u/s 12AA for non filing of return of income set aside. CIT(E) to find if objects of trust are charitable in nature or not ABCAUS Case Law CitationABCAUS 3519 (2021) (07) ITAT Important case law relied referred:Ananda Social & Educational Trust v/s Commissioner of Income …

MCA further extends timelines for filing Forms for charge creation/modifications Earlier MCA vide Circular No. 07/2021 dated 3rd May 2021 gave relaxations of time in filing forms for charges creation or modification where the date of creation/modification of charge was before 01.04.2021, but the timeline for filing such …

CBIC further waives penalty for non compliance of capturing dynamic QR code in GST Invoice between the period from 1st December, 2020 to 30th September 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 28/2021 –Central Tax New Delhi, the 30th June, 2021 …

Supreme Court on postponement of CA exams – Read Court’s Directions on Opt out option   The Supreme Court though did not ordered postponement of upcoming CA exams, however directed that opt out option to appear in next exam shall be available to all students. It has been also …

MCA further relaxes levy of additional fees for delay in filing certain Forms by Companies and LLP till 31st August 2021 MCA has issued General Circular No. 11/2021 dated 30th June 2021 giving relaxation on levy of additional fees in filing of certain Forms under the Companies Act …