Explore the Draft Rules on Breath Analyzer by the Ministry of Consumer Affairs, inviting stakeholder comments. Learn about specifications, legal implications, and how to participate.
Relying on various judicial precedents, including the cases of Harish Sharma vs. ITO and Daulatram Rawatmull vs. CIT, the representative contended that in the absence of any separate source of income, the surrendered amount should be treated as business income.
Understand Parmod Singla Vs ACIT (ITAT Chandigarh) case on excess stock surrendered during survey and its tax implications under Sections 69, 69A, and 115BBE.
Assessee has placed sufficient documents and materials on record to prove identity and creditworthiness of shareholders and genuineness of transaction of receiving share capital and share premium, invoking provisions of Section 68 of was not justified
Explore the SEBI notification on Stock Brokers Amendment Regulations 2024. Understand the new institutional mechanisms for fraud detection and market abuse.
Read the detailed analysis of the ITAT Chandigarh verdict on DDK Spinning Mills vs DCIT, focusing on the implications of Section 69B and 115BBE of the Income Tax Act.
Notification No. 26/2024-Customs extends the import exemption for specified defence equipment until 2029, ensuring continued support for national defense.
Learn about MCAs penalty on JKJM Infrastructure Private Limited for non-compliance with Companies Act 2013 regarding capital increase. Details, analysis, and implications.
Explore the detailed analysis of MCA’s penalty imposition on JKJM Infrastructure Private Limited for violating Companies Act, 2013. Understand the implications and adjudication rules.
Where it has been sufficiently established that share applicants had substantial creditworthiness and investments had been made by assessee’s own sister concern/group companies having mostly common directors and thus, establishing creditworthiness and genuinity of investments, additions under section 68 had been rightly been deleted.
