MahaRERA introduces Self-Regulatory Organizations (SROs) for real estate agents in Maharashtra to boost professionalism, encourage ethical practices, and enforce a standard code of conduct.
Introduction: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has long been at the forefront of ensuring a transparent and efficient real estate sector in the state. In a recent circular, MahaRERA has underscored the importance of timely grievance redressal for home buyers and allottees. Let’s delve deep into the circular to understand its implications. Background of […]
ITAT Delhi held that depreciation on Solar Power Plant installed on office building which is part of factory and electricity so generated is used for factory only is allowable as per provision of law.
ITAT Mumbai held that reopening of assessment under section 147 of the Income Tax Act after four years without bringing on record that escapement of income was occurred by reason of omission or failure on the part of the assessee to disclose fully or truly all the material facts is bad-in-law and liable to be quashed.
In present facts of the case, the Hon’ble Supreme Court while restoring the award of Arbitral Tribunal observed that it is well-settled that courts ought not to interfere with the arbitral award in a casual and cavalier manner.
ITAT Chennai held that as capital profit are to be excluded while computing book profit u/s 115JB, similarly, the adjustment of loss could also not be allowed u/s 115JB. Hence, loss on sale of investment could not be reduced from Book Profits u/s 115JB of the Income Tax Act.
ITAT Indore held that the penalty levied u/s 271D of the Income Tax Act without any assessment proceedings in the case of the assessee is not valid and liable to be quashed.
SEBI initiates third round of distribution to affected IPO investors from 2003-2005 irregularities. Get insights on the Wadhwa Committee, disbursement details, and more.
RBI increases offline small value payment limit to ₹500 as per August 10, 2023 policy. Learn about the impact and implications of this enhancement
Insights into Chartered Accountants Association of Surat’s representation on issues in Income Tax Law & Practice, addressing Finance Minister.
