Allahabad High Court discusses amendments to the Income Tax Act regarding reassessment proceedings, emphasizing the authority’s discretion in initiating proceedings.
NCLT convicts Port Authority officers for contempt of court in ICICI Bank Ltd Vs Lanco Babandh Power Ltd case. Detailed analysis of the disobedience of court orders and legal implications.
Explore the Prevention of Money Laundering Act (PMLA) in India, ED powers, and significant Supreme Court rulings impacting anti-money laundering efforts.
In Bal Krishan Das Mundhra Vs ITO case, ITAT Kolkata permits deduction of Rs. 34.2 lakhs under section 57 of Income Tax Act as taxpayer consistently follows mercantile system.
Explore the updated RBI investment norms for commercial banks, implications, and reclassification rules. Get insights on valuation and compliance.
Learn the detailed accounting procedures for issuing bonus shares, including necessary journal entries and their impact on financial statements, in this comprehensive guide.
ITAT Chennai analyzes the applicability of Section 115BBE to seized cash and gold coins in the case of Uthangarai Sri Vidya Mandir Educational Trust. The trust argued that Section 115BBE applies only if no explanation is provided for the income.
The Jharkhand HC ruled that bail cannot be cancelled solely due to non-compliance with a compromise agreement, emphasizing a nuanced approach to bail conditions.
Stay compliant with the statutory due dates for June 2024 in India. Check our comprehensive calendar to keep track of important deadlines for tax, GST, and other filings.
ITAT Delhi dismisses DCIT’s appeal against DLF Urban Pvt. Ltd. TPO failed to apply industry filter for ALP of interest, resulting in the deletion of Rs. 6.29 crores addition.
