Govt. denies news that Income Tax Department has estimated more than $3 billion loss to Indian Banks due to PNB fraud
Finance Ministry has denied the news appearing in certain section of media that Tax Department has estimated that Indian banks could take a hit of more than $3 billion due to alleged fraud at PNB. According to the Ministry such news is false & factually incorrect.
Once loans were repaid in subsequent assessment years with cogent evidences then the addition u/s 68 of the Income Tax…
Viksit Bharat Guarantee for Rozgar & Ajeevika Mission (Gramin), In short VB-GRAM-G notified Government has notified Viksit Bharat Guarantee for…
Once PCIT restores assessment to AO for denovo consideration, AO is obliged to independently apply mind without influenced by the…
When value of items traded differs it cannot be taken as basis for computing the stock position specially when quantitative…
Revision of the area of jurisdiction of the Debts Recovery Appellate Tribunals (DRATs) Kolkata In exercise of the powers conferred…
Payment made by the assessee as non-compete fee was an allowable revenue expenditure under Section 37(1) of the Act –Supreme…