Claim of exemption u/s 10 for agricultural land not liable to penalty u/s 271(1)(c). ITAT directed Assessing Officer to delete the penalty. ABCAUS Case Law Citation:ABCAUS 3214 (2019) (01) ITAT Important case law relied upon by the parties:Shri Prakash Raj Bhansali vs ITO In the instant case, an …

Additions agreed during assessment proceedings can be challenged in appeal when assessee itself not made disallowance in return of income ABCAUS Case Law Citation:ABCAUS 3213 (2020) (01) ITAT Important case law relied upon by the parties:CIT vs. Everest Kento Cylinders Ltd (2015)(58 taxmann.com 254)(378 ITR 57), In the …

IIT (Indian School of Mines) Dhanbad approved u/s 35(1) (ii)/(iii) from AY 2019-2020 and onwards MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 2 /2020  New Delhi, the 3rd January, 2020 S.O. 74(E).—It is hereby notified for general information that the organization M/s Indian Institute …

Whole-time company secretary must for Private companies with paid up share capital of ten crore or more, Secretarial audit must for company having outstanding loans or borrowings from banks/PFIs of 100 crore or more. Share capital limit increased for appointment of company secretary  MINISTRY OF CORPORATE AFFAIRS NOTIFICATION …

Opportunity to update email ID in eRegiter of Trade Mark Registry Office of the Controller General of Patents, Designs & Trade Marks has offered opportunity to update email ID in eRegiter of Trade Mark Registry(TMR)  According to the Press Release issued in this regard, during the stakeholders meetings …

RBI launches Mobile Aided Note Identifier (MANI) mobile app for visually impaired persons to identify denomination of Indian Banknotes. RBI has launched a “Mobile Aided Note Identifier (MANI)”, a mobile application for aiding visually impaired persons to identify the denomination of Indian Banknotes. Indian banknotes contain several features …