Supreme Court of India has recently issued an order requiring all revenue appeals before the Income Tax Appellate Tribunal (ITAT) to be filed exclusively through the e-filing mode. This directive aims to streamline the appeal process and improve efficiency. The Central Board of Direct Taxes (CBDT) has already instructed its field formations to comply with […]
Unravel the Rahul Gupta vs CPIO case where the CIC upheld that public authorities are not obliged to provide opinions or advice under the Right to Information Act, 2005.
Understand the PAN and Aadhaar number linking process as mandated by the CBDT circular. Explore the consequences of non-compliance, learn about the fee structure, and access useful links for checking and updating your PAN-Aadhaar status. Ensure seamless financial transactions and avoid penalties by linking your Aadhaar with PAN before the deadline.
Learn about the Rs. 25 Lakh penalty imposed by the Government of India on a private company for non-appointment of a Company Secretary in accordance with the Companies Act, 2013.
ITAT Bangalore held that if two out of the three preceding assessment year the comparable has earned profits it cannot be held a persistent loss making company. Hence, persistent loss filter can be applied only if there is loss in three successive assessment years.
Comprehensive analysis of audit lapses leading to significant NFRA-imposed penalty on CA Devang Dalal and M H Dalal & Associates, setting a precedent in corporate financial accountability.
ITAT Mumbai ruled that membership fees paid for a key person of a company are allowable as business expenditure. The case involved the disallowance of club membership fees paid to Cricket Club of India.
ITAT Mumbai ruled that the interest subsidy received under the technology upgradation fund scheme is considered a capital receipt, even if it is credited against interest expenditure in the books of account.
Unraveling the details of MCA Order No. 1589, where Squareroot Data Centers Private Limited escapes penalty despite a 220-day delay in filing INC-20A.
In a recent case, the ITAT Hyderabad held that the provisions of section 115BBE of the Income Tax Act are not applicable when the source of income is disclosed.
