AAR rules that registered persons can claim ITC on capital goods for electricity supply installation, even if ownership is transferred to a distributor.
ITAT Bangalore held that confirmation not containing PAN cannot be reason for addition as the confirmations were available with the AO and if he had any doubt regarding he could have again verified with the creditors. Addition in respect of creditors deleted.
ITAT Bangalore held that filing of form 10B is only directory and the same is not mandatory. Hence denial of exemption under section 11 of the Income Tax Act for delay in filing of form 10B unjustified.
Summary of the Direct Tax Vivad Se Vishwas Rules, 2024. Notification outlines tax dispute resolution, declarant obligations, and MAT credit reduction.
Summary: The National Pension System Vatsalya (NPS Vatsalya) scheme, launched by the Ministry of Finance, aims to foster early savings habits and long-term financial security for minors. Announced in the Union Budget 2024-25, this scheme is managed by the Pension Fund Regulatory Authority of India (PFRDA). Under the scheme, parents can contribute a minimum of ₹1,000 […]
J&K Bank confirms Cost Accountants can perform various certification tasks for banks, including financial statements and stock verifications, with UDIN requirement.
Registrar of Companies imposes a penalty on GENONE Optech Pvt Ltd for delayed filing of e-Form BEN-2 under Section 90 of the Companies Act, 2013.
Punjab National Bank invites applications from qualified CAs/Cost Accountants for empanelment as stock & receivables auditors. Apply within 21 days of the notification.
Learn about the block assessment scheme in income tax, its key features, and how it impacts search and seizure cases under the Finance Act (No.2), 2024.
SC mandates that High Courts provide clear findings on each charge when reversing trial court acquittals, as seen in Ramesh vs State of Karnataka judgment.
