Waiver of rent payable by tenant amounts to application of income and therefore taxable. It cannot be construed as overriding title – ITAT ABCAUS Case Law Citation:ABCAUS 3137 (2019) (09) ITAT The assessee had appealed against the order of the Commissioner of Income Tax (Appeals) in confirming the …
Remuneration paid to partners cannot be disallowed for want of registration of firm. There is no requirement that partnership firm should be registered under the Partnership Act. ABCAUS Case Law Citation:ABCAUS 3136 (2019) (09) ITAT The appeal of the assessee was directed against the order of the Commissioner …
RBI Makes External Benchmark Based Interest Rate mandatory for all new floating rate personal/ retail (housing, auto, etc.) & floating rate loans to MSE Reserve Bank had constituted an Internal Study Group (ISG) to examine various aspects of the marginal cost of funds-based lending rate (MCLR) system. The …
ICAI holds convocation ceremony for Northern Region of ICAI on 30.08.2019 at New Delhi ICAI Press Release ICAI holds Convocation Ceremony at Delhi The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession …
Company filing complaints/petitions against various CAs in organised manner fined with Rs. One lakhs to discourage making litigation a business. ABCAUS Case Law Citation:ABCAUS 3135 (2019) (09) HC In the instant case, the petitioner was a private limited company. The petitioner had filed the petition, inter alia, impugning …
Deptt. to adjudicate SCNS no issued by proper officers (DRI, DGCEI, SIIB, etc) pertaining to demand prior to 08.04.2011 in the light of SC Stay order F.No.276/104/2016-CX.8A (Pt.)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect taxes & Customs)Legal Cell***** Wing 5 ‘C’ HUDCO-VISHALA BuildingBhikaji Cama Place, …
