Addition for undisclosed foreign bank account deleted as the information received in pen drive under DTAC lacked basic essentials of a bank statement.    In the instant case, the assessee was aggrieved by the order of the CIT(A) confirming the addition u/s 69 of the Income Tax Act, …

New guidelines for Settlement of Running Account of Clients Funds by Trading Members Settlement of Running Account of Client’s Funds lying with Trading Member (TM) SEBI had issued guideline for settlement of running account of client’s funds / securities. As per the new guidelines, the actual settlement of …

Justice Shashi Kant Gupta appointed chairman of Appellate Authority under CA / CMA / CS Act The Central Government vide notification number G.S.R. 835(E) dated the 3rd November, 2015 have established an Appellate Authority in  exercise of the powers conferred by sub-section (1) of Section 22A of the …

Finance Ministry to hold meeting with Infosys on glitches in new e-filing portal of the Income Tax   Right from the launch of new income tax efiling portal, on 7th June 2021 it has succumbed to technical glitches and users/taxpayers are finding it very difficult to ensure the …

Entities need not visit SBI Delhi to open FCRA Bank Account. Entities may visit any SBI branch for opening FCRA Bank Account The Foreign Contribution  (Regulations) Amendment Act 2020 provides that every person who has been granted FCRA certificate shall receive foreign contribution only in an account designated …

SEBI relaxes minimum vesting period in case of death of employee(s) under SBEB Regulations Relaxation from the requirement of minimum vesting period in case of death of employee(s) under SEBI (Share Based Employee Benefit) Regulations, 2014 Presently, regulation 18(1) and 24(1) of the SEBI (Share Based Employee Benefit) …