ITAT Jaipur held that rejection of application in Form 10AB for registration under section 12AB of the Income Tax Act alleging violation of FCRA Act without specifying the relevant provision is unsustainable in law. Accordingly, matter remanded back to CIT(E).
Analyze India’s IPO trends, from oversubscription frenzies to underwhelming market debuts. Explore factors, investor dynamics, and case studies like LIC & Hyundai.
Practice questions on Social Impact Assessment & CSR Audit, covering impact analysis, principles, methods, and taxation aspects for better CSR governance.
SC judgment in Arnesh Kumar case stresses strict compliance with CrPC Sections 41 & 41A for arrests in offences punishable up to 7 years, ensuring safeguards.
Delhi High Court quashes reopening of assessment for Shri Tarlochan Lal Goel for AY 2011-12 due to erroneous grounds in the reassessment notice.
Bombay HC sets aside reassessment notice against Narendra Kumar Shah, ruling that AO failed to verify tax return records before issuing the notice.
IFSCA allows Bullion Exchange in IFSC to introduce liquidity enhancement schemes to improve liquidity in commodity derivatives. Learn about the guidelines.
Delhi High Court held that gold bangles worn by foreigner coming to India being part of personal effects is not required to be declared. Accordingly, seizure of such gold bangles by customs department is unjustifiable in law.
Delhi High Court held that deeming income from house property @50% merely on the assumption that assessee was signatory to the instrument is untenable in law since assessee doesn’t own beneficial interest in the property.
ITAT Mumbai held that market development expenses towards sale of product is revenue in nature hence denial of same is unsustainable. Accordingly, market development expenses being revenue expenditure is allowed as deduction.
