An Appeal should not be thrown away on the ground of limitation as delay can always be compensated in terms of money. In a recent judgment, Hon’ble Kerala High Court has held that the law with regard to condonation of delay is no longer res integra as the …
NFRA invites applications from CAs/CMA and other professionals for position of Young Professional on contract basis The National Financial Reporting Authority (NFRA) invites applications from dynamic and motivated Chartered Accountants (CAs)/ Cost Accountants (CMA)/ MBA holders/ IT professionals for the position of Young Professional purely on contract basis, …
Govt has notified the Manipur Goods and Services Tax (Second Amendment) Act, 2025 The Bill was introduced in Lok Sabha on 1st December, 2025. It received the assent of the President on the 10th December, 2025. Save as otherwise provided in the amendment Act, sections 2 to 5, …
No addition can be made only on basis of Whatsapp Chats between director and employee of the company as apart from the Whatsapp Chat there was no evidence on record. In a recent judgment, ITAT Kolkata has deleted addition made only on the basis of Whatsapp Chats between …
Wrong penalty section mentioned in Assessment order can be rectified being mistake apparent on record when there is no debate in imposing penalty under rectified section. In a recent judgment, ITAT Ahmedabad has held that when section 271AAB was wrongly mentioned in Assessment order instead of Section 271AAC, …
Even if a receipt is classified as Business Income u/s 28, it does not automatically qualify for the special deduction u/s 36(1)(viii) unless it is derived from the specific activity of long-term finance. In a recent judgment, Hon’ble Supreme Court has held that under section 36(1)(viii) of the …
