RBI Expert Committee on MSME invites suggestions on structural bottlenecks and factors affecting the performance of the sector Reserve Bank has constituted an ‘Expert Committee on Micro, Small & Medium Enterprises (MSMEs)’ to understand the structural bottlenecks and factors affecting the performance of the sector. The details regarding …

Income Tax Department operationalises Taxpayer Profile view for comprehensive view of taxpayer’s transactions, relationships, networks, documents and drill down to the underlying information. Income Tax Department is assisted by an Integrated Tax Payer Data Management System (ITDMS) in generating a 360 degree profile of a taxpayer. It compiles …

Capital gain arose in the year assessee relinquished his rights in the property at the time of allotment by executing agreement to sell ABCAUS Case Law Citation: ABCAUS 2832 (2019) (03) ITAT The Income Tax Department had challenged the order of the CIT(A) in deleting the capital gain …

RBI reiterates its stand on Stressed Assets as per Revised Framework on Resolution of Stressed Assets dated 12.02.2018 According to the press release issued by the RBI, there have been some media reports about the stance of the Reserve Bank of India with regard to the Revised Framework …

Settlement Commission not precluded from proceeding despite non disclosure of prosecution for the period in question as pre-requisites not require so. ABCAUS Case Law Citation: ABCAUS 2831 (2019) (03) HC The Petitioner Income Tax Department had approached the Hon’ble High Court for quashing the order of the Income …

Simply because order of Settlement Commission was not liked by department, it would not invite different opinion by the High Court unless order is questioned on merits or manner of discharge or on perversity ABCAUS Case Law Citation: ABCAUS 2830 (2019) (03) HC In the instant case, the …