Learn how the PCIT correctly invoked Section 263 of the Income Tax Act due to the AO’s misapplication of law in taxing Stamp Duty Valuation and Unexplained Investment. Explore detailed analysis of Section 56(2)(x), Section 69, and key judicial precedents.
In the matter abovementioned ITAT Banglore held that interest earned by the assessee from the co-operative banks/commercial bank is considered under the head income from other sources, relief to be granted to the assessee u/s 57 in accordance with law.
Assessee clarified that Form ST-3 was incorrect as some of the invoices inadvertently remained unaccounted for the said period and the correct amount of credit was carried forward in Form TRAN-1.
BCI ने अधिवक्ता (संशोधन) विधेयक 2025 पर आपत्ति जताते हुए इसे वकालत की स्वायत्तता पर खतरा बताया। स्टेट बार काउंसिल और अधिवक्ताओं में विरोध जारी।
SEBI’s consultation paper suggests SIM binding, biometric authentication, and trade controls to secure trading accounts. Public comments open until March 11, 2025.
IBBI suspends Vijay Kumar Garg for one year over irregularities in Lanco Vidarbha liquidation, citing mismanagement in asset disposal and auction process.
IBBI penalizes insolvency professional S. Muthuraju for negligence in handling EPFO claims during liquidation. Read the full disciplinary order and findings.
IFSCA updates fund management regulations, reducing compliance costs, easing investment rules, and enhancing regulatory clarity for financial entities in IFSC.
Overview of IFSCA Fund Management Regulations 2025, covering investor criteria, fund valuation, disclosure norms, borrowing limits, and compliance requirements.
ICAI corrects formatting errors in CA Firm Merger Guidelines 2024, addressing alignment issues in seniority, partnership firms, and merger-related provisions.
