ITAT Delhi held that the income earned on the job assigned at Indonesia cannot be considered to be global income of the assessee to be taxable in India.
Sri Laxmi Narayan Agency Vs ITO (Orissa High Court) On writ the assessee contended that the documents on the basis of which the Assessing Officer had formed the reason to believe that income had escaped assessment were not supplied to the assessee, and that the request for opportunity of cross-examination of the persons on the […]
CIT Vs Laxman Dass Khandelwal (Supreme Court of India) After filing a return of income u/s 139(1), 139(4), 139(5), 142(1) if income tax authority considers, it is necessary or expedient to ensure that assessee has not understated the income or has not computed excessive loss or has not under-paid the taxes in any manner, shall […]
Bombay High Court held that initiation of re-assessment proceedings in violation of the procedure prescribed under section 148A(b) of the Income Tax Act i.e. without supplying requisite material is bad in law and liable to be set aside.
Stay updated on the recent amendment in 206C(1G) of the Income Tax Act, 1961, impacting TCS on overseas tour packages. Explore the proposed rates and changes.
GST order dated 3rd August, 2022 is quashed on the ground that the same has been issued in the name of a dead person.
Custodians and Shipping Lines are directed to waive the demurrage and detention charges till 13.04.2023.
Menzies Aviation Bobba (Bangalore) Private Limited failed to appoint a whole-time company secretary (CS) within the prescribed time frame, resulting in a violation of Section 203 of the Companies Act, 2013 for a period of 730 days. The managing director, Mr. Bobba Veerasamynathan, has been held liable for the violation. The order imposes a penalty […]
Supervisory reviews have indicated divergent practices amongst REs with regard to levy of penal interest/charges leading to customer grievances and disputes.
NFRA’s investigations inter-alia revealed that CDGL’s Auditors for FY 2018-19 failed to meet relevant requirements of Standards on Auditing and provisions of Companies Act 2013 and also demonstrated a serious lack of competence.
