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Abcaus

Registration regulation foreign lawyers

BCI Rules for registration & regulation of foreign lawyers or foreign law firms in India 2022

administrator May 14, 2025 bar-council
BCI lays down Rules for registration & regulation of foreign lawyers or foreign law firms in India 2022 The General Council of Bar Council of India has amended the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022. …

Dependent mother of deceased also entitled to compensation under Motor Vehicle Act

administrator May 13, 2025 Insurance, Supreme Court
Dependent mother of the deceased also entitled to compensation under Motor Vehicle Act – Supreme Court In a recent judgment Hon’ble Supreme Court has held that dependent mother of the deceased is entitled to compensation under Motor Vehicle Act as obligation of a child to maintain their parent …
income tax

Bank certificate stating fixed deposits not belonged to assessee, discharged him of onus

administrator May 13, 2025 Income Tax, ITAT
Bank certificate stating that fixed deposits did not pertain to the assessee, despite PAN of assessee used, the onus casted upon the assessee stood discharged – ITAT In a recent judgment ITAT Mumbai deleted addition u/s 69A observing that once the bank issued a certificate stating that the …
IOB Concurrent Auditor Empanelment

IOB Concurrent Audit Empanelment for the Financial Year 2025-26. Last Date: 28.05.2025

administrator May 13, 2025 Concurrent Audit, Empanelment
Indian Overseas Bank Concurrent Audit Empanelment for the financial year 2025-26 (from 01.07.2025 to 30.06.2026)   Indian Overseas Bank has invited online applications for Bank Concurrent Audit Empanelment for the financial year 2025-26. IOB Concurrent Audit Empanelment The following basic criteria will be adhered to in selection of …
TDS

Entire TDS credit allowed to joint owner of property who received sale consideration

administrator May 13, 2025 Income Tax, ITAT
Entire TDS credit allowed to the joint owner of the property in whose account entire sale consideration was received  In a recent judgment ITAT Bangalore allowed the entire TDS credit to the joint owner of the property in whose account entire sale consideration was received as the co-owners …
INCOME TAX PENALTY

Even when Trust not registered u/s 12A, only net income can be taxed not gross receipts

administrator May 12, 2025 Income Tax, ITAT
Even when the trust is not registered u/s 12A, taxes can be levied on the net income and taxing of the entire receipts without any deduction towards expenditure is wrong and illegal – ITAT In a recent judgment ITAT Chandigarh has held that even when the Trust is …

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