Notification No. 10 of 2021 – The following Assistant Commissioners of Income Tax (Junior Scale) are, hereby, appointed as Deputy Commissioner of Income Tax (Senior Time Scale) in Level 11 in the Pay Matrix Rs.67,700-2,08,700/-, w.e.f. 01.01.2022 or the date of assumption of charge, whichever is later
DCIT Vs. Bengal Shapoorji Housing Development Pvt. Ltd. (ITAT Mumbai) The ld. A.R assailed the assessing of the ALV of the flats that were held by the assessee firm, a real estate developer, as it stock-in-trade of its business for the year under consideration. It was the claim of the ld. A.R that as the […]
Pune Saraf Association & Ors. Vs Union of India & Ors. (Bombay High Court) It is an admitted and undisputed position that currently, there are insufficient Hallmark Centres in the country. This, according to us, is a decisive factor to be taken into consideration at the interlocutory hearing of this Writ Petition. Whilst we appreciate […]
EFORM – 23AC – For filing Balance Sheet and other documents with the Registrar of Companies (ROC) The information to be provided in the eForm 23AC should be as on the date of the balance sheet. After the eForm has been filled, click the Prescrutiny button to pre-scrutinise the eForm 23AC. If the eForm 23AC […]
eForm AoC-4 NBFC (Ind AS) – Form for filing financial statement and other documents with the Registrar Part I – Law(s) Governing the eForm AoC-4 NBFC (Ind AS) Every NBFC company as defined in the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 to which Indian Accounting Standards apply, needs to file its financial statements, including […]
Hardik Textiles Through Its Prop. Hardik Patel (Gujrat High Court) It is not in dispute that due to the mistake of the consultant engaged by the petitioner, the amount has been deposited in the wrong account. The bank details are to be entered under RFD-05. The petitioner also did not raise the grievance immediately and […]
FORM A (Compliance Report-XBRL)- Form for filing XBRL document in respect of compliance report and other documents with the Central Government NOTE: ♦ For detailed process in respect of XBRL filings, refer the filing manual available on the MCA21 XBRL portal (http://www.mca.gov.in/XBRL) The following shall be validated while filing this Form on the MCA portal […]
EFORM – 23AC-XBRL –Form for filing XBRL document in respect of balance sheet and other documents with the Registrar NOTE: ♦ This Form 23AC-XBRL is applicable in respect of the following companies: 1. All Listed companies.; 2. All companies which are subsidiaries of listed companies 3. All companies having a paid up capital of Rs. […]
Cisco Systems Capital (India) Private Limited Vs DCIT (ITAT Bangalore) The assessee grievance is bundled approach for benchmarking should be accepted. At the outset, the ld. AR submitted that the TPO has accepted the bundled approach of aggregation of payment of fees for administrative support services in the preceding years (i.e. from the incorporation year […]
The TPO and DRP erred in treating CCDs as ECBs and benchmarked the interest rate against LIBOR rate. The CCDs is a hybrid instrument and cannot be per se treated as ECB / loan.
