Bombay High Court implements “Rules for Video Conferencing 2022” for all courts in Maharashtra, Goa, and union territories, effective December 29, 2024.
Assessee challenged an income tax assessment order under Section 147 read with Section 144. Assessee represented a Hindu Undivided Family (HUF) who was Karta, Mr. M. Subramanian passed away on 15.01.2013.
RBI mandates new liquid asset requirements for housing finance companies, revising investment thresholds in securities and deposits starting January 2025.
The ICAI Disciplinary Committee has removed CA. Ajay Kumar from its register for one year and fined him Rs. 50,000 for professional misconduct in a CBI-related case.
The ICAI Disciplinary Committee reprimanded a Chartered Accountant and imposed a Rs. 25,000 fine for professional misconduct related to audit reporting failures on unaccounted funds.
A Chartered Accountants Disciplinary Committee has cleared CA Abhishek Bindal of professional misconduct charges related to certifying company documents.
ITAT Ahmedabad imposed cost of Rs. 5,000 on the assessee due to non-compliance and procedural delay. Accordingly, ex-parte order passed by CIT(A) set aside and matter remitted back to CIT(A).
Madras High Court held that it is settled law that no assessment or reassessment can be made on a dead person. Thus, order against the deceased assessee is liable to be set aside. Accordingly, petition allowed.
Madras High Court held that due to non-compliance against notice issued in DRC-01A, the petitioner is directed to deposit 25% of the disputed tax and petitioner will be granted opportunity of being heard on payment of the amount.
Supreme Court held that Rajasthan High Court not justified in dismissing the appeal by considering matter under section 10(20) since it was the case of section 11 and 12 of Income Tax Act. Accordingly, order set aside and remanded back for fresh consideration.
