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ITAT Jabalpur restores Nagar Panchayat’s reassessment case, directing AO to verify exemption claim under Section 10(20) for cash deposits from statutory functions.
Petitioner is a Pvt. Ltd. Company and registered with GST department. Petitioner was an authorized dealer of Ford India Pvt. Ltd. and was engaged in selling of motor cars, vehicle and part thereof and their repair and services.
ICAI’s Board of Studies is offering free live virtual classes for CA Final students preparing for May 2026, September 2026, and January 2027 examinations. Classes start July 21, 2025, covering key papers with interactive sessions and study resources.
The Delhi High Court upheld the termination of an Indian Army officer who refused to attend regimental religious parades, prioritizing military discipline and unit cohesion over individual religious beliefs. The court emphasized that the armed forces place nation before religion, and officers must lead by example to maintain troop morale and unity.
Understand advance tax liability and payment due dates in India. Learn who needs to pay, installment percentages, special provisions for certain incomes, and consequences of non-payment as per the Income Tax Act, 1961 and Income Tax Bill 2025.
Trust has adopted the mercantile system of accounting for the AY 2011-12 for which depreciation of ₹ 8.55 lakhs is to be accepted which the authorities have not accepted, same ought to have been allowed as depreciation being notional expenditure.
Interest income derived by co-operative society from its investments with a co-operative bank eligible for deduction under section 80P(2)(d).
SEBI cautions public against fake notices using SEBI identity. Advises verification via its official website to avoid fraud and misinformation.
ITAT Mumbai allows Jet Privilege depreciation on goodwill from slump sale, remands for recalculation. Cites Smifs Securities precedent.
