Sheela Devi (wife- legal heir of Vas Dev (deceased) Vs PCIT (ITAT Delhi) We have heard the rival submissions and perused the material placed before us and case laws cited. Firstly, we consider it expedient to address ourselves on legality of show cause notice and consequent revisional order passed under Section 263 of the Act. […]
They can be Non-Government organizations or Non-Profit Organizations. Both NPO and NGOs function to benefit society and the welfare of humans or improve the world. A Non-Profit Organization is formed to provide goods and services to the people and also operates on the principle that no member will share the profits or the losses. A […]
OTHER CONDITIONS ON FDI DEFENCE 1. FDI up to 74% under automatic route shall be permitted for companies seeking new industrial licenses. 2. Infusion of fresh foreign investment up to 49%, in a company not seeking an industrial license or which already has Government approval for FDI in Defence, shall require mandatory submission of a […]
eXtensible Business Reporting Language (XBRL) is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. Use of XBRL has resulted in cost savings and greater efficiency to all those involved in supplying […]
The future of sustainability? Women! राष्ट्रस्य श्व: नारी अस्ति Woman is our tomorrow WOMEN AND SUSTAINABILITY: THE CO-RELATION Sustainability means meeting our own needs without compromising the ability of future generations to meet their own needs. It is maintaining the balance between the environment, equity, and economy Sustainability presumes that resources are finite, and should be used […]
Nidhi Company Nidhi Companies are incorporated with motive of encouraging the habit of savings amongst its members. Nidhi Companies are allowed to deal with members only which means that Nidhi Companies can take Deposits from and lend only to its members. It is much easier to form a Nidhi Company with very less time and […]
Reserve Bank of India launches (a) UPI for Feature Phones (UPI123pay) and (b) 24×7 Helpline for Digital Payments (DigiSaathi) The Reserve Bank has launched two key initiatives today – (1) UPI123Pay – Option to make Unified Payments Interface (UPI) payments for feature phone users, and (2) DigiSaathi – a 24×7 Helpline to address the queries […]
T. Takano Vs Securities and Exchange Board of India (Supreme Court of India) The principal issue was whether an investigation report under Regulation 9 of the PFUTP Regulations must be disclosed to the person to whom a notice to show cause was issued. It was held that assessee had a right to disclosure of the material […]
Shri Yogesh Jhingan Vs DCIT (Central) (ITAT Indore) Since the addition in the instant appeal crops out of the issue referred above pertaining to A.Y. 2008-09, we will have to examine the correctness of the claim made by the assessee u/s 54F of the Act for A.Y. 2008-09. As far as sale of land is […]
Karnataka State Industrial And Infrastructure Development Corporation Ltd. Vs DCIT (Karnataka High Court) This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’, for short) has been preferred by the assessee. The subject matter of the appeal pertains to the Assessment Year 2008-09. The appeal was admitted by […]
