A recurring deposit (RD) is an effective way to develop a disciplined savings habit. If you’re unsure how much you’ll earn at maturity, understanding how to calculate RD interest is a key step toward smarter financial planning.
ITAT Bangalore rules that merely disallowing advances written off and interest claims does not warrant a penalty under Section 271(1)(c), reinforcing that an honest claim, even if rejected, is not an inaccurate particular of income.
Director fined by ROC Telangana for violating Section 155 of Companies Act, 2013, possessing two DINs. Penalty imposed for 672-day default.
ITAT Bangalore held that delay of more than 5 years in filing of an appeal before CIT(A) condoned as reason for delay found to be genuine. Accordingly, order of CIT(A) quashed and matter restored back to CIT(A).
ITAT Allahabad held that in the absence of any comparable cases, the past history of the assessee, which has been accepted in many assessments under section 143(3) of the Act, cannot be overlooked. Accordingly, directed to assess net profit @3.5% instead of 7%/5% of contractual receipts.
ITAT Ahmedabad held that merely because some parties didn’t respond to the notice of AO, entire expenditure cannot be held as non-genuine. Accordingly, deletion of addition by CIT(A) upheld.
Therefore, the amount distributed by it to the Petitioner would not qualify as exempt dividend income under Section 10(34) of the Act. This to our mind would be merely a “change of opinion”.
ITAT Ahmedabad held that exemption u/s. 54F and 54B of the Income Tax Act cannot be denied solely on the ground of non-adherence to strict time limits. Accordingly, the assessee is entitled to claim the deduction in respect of investments made beyond the prescribed time period.
India’s Ministry of Finance amends anti-dumping duty notification for HFC Blends from China PR, updating an exporter’s name from Shandong Dongyue Chemical Co. Ltd to Shandong Dongyue Refrigerants Co. Ltd.
India’s Finance Ministry amended an anti-dumping duty notification for HFC Component R-32 from China, updating an exporter’s company name.
