ITAT held that the genuineness of the expenditure was not in doubt, and the first appellate authority erred in ignoring Form 3CL issued by the competent authority. The disallowance of Rs.29,05,724/- was deemed unsustainable and deleted.
ITAT Bangalore has quashed assessment order in case of Rajiv Gandhi University of Health Sciences against ACIT. Grounds for invalidation were non-service of a mandatory notice under section 143(2) of Income-tax Act.
CESTAT Chennai upheld the order in favor of Usha International Ltd in a case against the Commissioner of Customs. The appeal was dismissed on grounds of limitation due to the department’s failure to submit the date of communication of the order.
The Securities and Exchange Board of India (SEBI) has issued a corrigendum to its circular regarding mutual funds’ participation in repo transactions on corporate debt securities. This corrigendum replaces a Clause 1 in the previous circular, impacting the participation guidelines for mutual funds. The corrigendum issued by SEBI modifies Clause 1 of the circular, bringing […]
The ITAT Delhi has dismissed the Revenue’s appeal in the case of ACIT vs. Cogent Realtors Pvt. Ltd. The appeal was dismissed based on the lack of jurisdiction under Section 153C of the Income Tax Act due to the absence of incriminating material. The disallowance made by the Assessing Officer was also found to be unsustainable.
ITAT Ahmedabad remands Bhavesh Sureshchandra Shah’s case back to the AO for detailed verification of a Rs. 2.09 crores unexplained income claim, highlighting the need for comprehensive examination of bank statements and evidence.
MAAR upholds that MEK Peripherals India Pvt. Ltd.’s supply to IIUL does not qualify as export of service under IGST Act, emphasizing that the place of supply is India, not fulfilling the conditions for export as defined.
Developed in 2016, it was designed to address some of the shortcomings of other proof-of-work algorithms and has become the mining algorithm of choice for several cryptocurrencies, including ZCash. In this article, we will explore Equihash in depth and discuss its benefits and advantages for ZCash miners and investors.
As the use and adoption of cryptocurrencies continue to grow, it’s important to study the impact of specific cryptocurrencies on the wider crypto market. This article will explore the potential of ZCash by examining the impact of ZCash on the wider crypto market.
ZCash is a cryptocurrency that offers unique features in terms of privacy and anonymity, making it a valuable tool for enhancing cybersecurity. In this article, we will explore the role of ZCash in addressing these challenges and its potential impact on the future of cybersecurity.
