Discover the case of Drupad Menda vs PCIT, where the revision order under Section 263 for AY 2018-19 is challenged. Keyman Insurance Policy deductions in question.
Explore case of Manjeet Kaur vs ITO, where a penalty under Section 271(1)(b) was contested due to a reasonable cause amid Covid-19. Full ITAT Jaipur order analysis.
Read about the amendment in Circular No. 11/2013-Customs dated 06.03.2013, including Surat in the Bonded Warehouses scheme under Customs jurisdiction
Learn about the archiving of UDINs by the Institute of Chartered Accountants of India. Discover the phased approach to ease server load and access archived UDINs
Explore the RBI latest directions on presenting unclaimed liabilities transferred to the Depositor Education and Awareness (DEA) Fund in financial statements. Learn more
Explore the recent CBDT order under section 119 of the Income-tax Act, 1961, outlining the roles and responsibilities of Pr.CCsIT and Pr. CCIT (NaFAC) with a focus on Faceless Assessment.
“SEBI bars Mohammad Nasiruddin Ansari, owner of ‘Baap of Chart,’ for misleading investors through financial ‘education.’ Details on the ban and refunds.”
ITAT Hyderabad directed CIT (A) NFAC to grant the assessee one last opportunity to substantiate its case with a cost of Rs. 3,000 imposed for ignoring notices.
ITAT Delhi’s ruling in Amtech Engineers vs. ITO clarifies that TDS is not applicable under section 194C for casual labor expenses in road construction and crane hiring.
In the Varadaraja Textiles case, ITAT Chennai ruled that depreciation is allowed for a textile spinning unit acquired through an auction sale, disputing the nil cost assessment.
