Belief of income escapement must indicate income escaping assessment than need of probe which may, or may not, lead to income escaping assessment. Reopening to verify source of cash deposits in bank is no requisite satisfaction ABCAUS Case Law Citation:ABCAUS 3231 (2020) (01) ITAT Important case law relied …
Registration u/s 12A declined due to byelaws/memorandum not signed/certified by Authorized Signatory of trust. ITAT set aside the order of CIT(exemption) This is a classic example where Tax Authority failed to consider that the Income Tax Act is a beneficial and not a penal legislation and CIT(A) could …
SOP for suspension/ revocation of trading of specified securities for non-compliance with SEBI Listing Regulations Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD/CIR/P/2020/12 January 22, 2020 To,All the Recognized Stock ExchangesAll Depositories Dear Sir/Madam, Sub: Non-compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, …
SEBI Streamlines Process of Rights Issues where Letter of Offer (LoF) is filed with stock exchanges on or after 14.02.2020 Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/DIL2/CIR/P/2020/13 January 22, 2020 ToRecognized Stock ExchangesDepositoriesRegistered Stock BrokersRegistered Merchant BankersRegistered Registrars to an Issue and Share Transfer AgentsRegistered Depository ParticipantsRegistered …
GST Taxpayers allowed to file GSTR-3B Returns in Staggered Manner due to difficulties faced in filing of the returns due to GSTN portal glitches.  GSTR-3B Returns can be filed in Staggered Manner  Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner Considering …
Income Tax advisory on phishing scams, shares list of trusted emails, website urls & text codes Income Tax Department has issued an advisory alerting assesses on phishing scams. Phishing is the fraudulent attempt to obtain sensitive information from the target person such as usernames, passwords, bank/credit/debit card details etc. by disguising …
