NBFCs to appoint a Chief Risk Officer if their asset size is more than 50 billion – RBI issues guidelines RBI has decided that NBFCs with asset size of more than Rs. 50 billion shall appoint a Chief Risk Officer (CRO) with clearly specified role and responsibilities. The …

Website of Lokpal inaugurated by Chairperson Justice Pinaki Chandra Ghose Website of Lokpal inaugurated  The Website of the Lokpal was inaugurated by the Chairperson, Justice Shri Pinaki Chandra Ghose in presence of all the Members of Lokpal today.  The DG, NIC, Smt. Neeta Verma was also present on …

Assessment made on the basis of wrong cash book printed out from tally package with negative figures, ignoring correct cash book remanded by ITAT ABCAUS Case Law Citation: ABCAUS 2931 (2019) (05) ITAT The appeals filed by the separate was directed against the common order of the Commissioner …

Disallowance u/s 184(5) not have cause and effect relationship with assessment being framed under section 144 – ITAT upheld additions ABCAUS Case Law Citation: ABCAUS 2930 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties M/s. Jai Hanuman Enterprises vs ITO The appellant assessee was a …

Addition u/s 68/69 deleted for cash deposit in bank of amount returned back by father and brother out of amount gifted by assessee ABCAUS Case Law Citation: ABCAUS 2929 (2019) (05) ITAT The Assessing Officer (AO) AO observed that that there were cash deposits in the Bank account …

Merely printing other aims/objects as per requirement of Registrar of Societies would not disqualify it for approval u/s 10(23C)(vi) – ITAT ABCAUS Case Law Citation: ABCAUS 2928 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Harf Charitable Trust (Regd.) Malerkotla vs. Chief Commissioner of Income …