Newsletter
Signup our newsletter to get update information, insight or news
Industry News Updates
Get all the latest news and top breaking news live related to Business & Income Tax … Read latest Business news, IT Notifications and news headlines online today.
Client Centric Approach
Backed By Experience
Team Work
No Merit in an Appeal Against Dismissal of Appellant’s Belated Claim That Was Already Dismissed by RP | SC
Case Details: Nitin Verma v. Today Homes Noida (P.) Ltd. - [2023] 153 taxmann.com 588 (SC) Judiciary and Counsel Details Dr Dhananjaya Y. Chandrachud, CJI, Pamidighantam Sri Narasimha & Manoj Misra, JJ. Anurag Jain, Mrs Preeti Taneja, Advs., Ms Tina Garg, AOR & M.K. Ghosh, Adv. for the Petitioner. Adhish Sharma, Nitin Pandey, Advs. & Umesh Kumar Khaitan, […]
RBI Tweaks Norms for Classification, Valuation & Operation of Investment Portfolio of Commercial Banks
Press Release: 2023-2024/910, Dated 12.09.2023 RBI has revised directions for the classification, valuation and operation of investment portfolio of commercial banks. The directions include principle-based classification of an investment portfolio, tightening regulations around transfers to/from held to maturity (HTM) category and sales out of HTM, and inclusion of non-SLR secs. in HTM subject to the […]
HC Granted Bail to Petitioner as he was Unaware that Loan was Tainted and there was no Direct Link to Criminal Activities
Case Details: Vijay Agrawal v. Directorate of Enforcement - [2023] 153 taxmann.com 509 (HC-Delhi) Judiciary and Counsel Details Dinesh Kumar Sharma, J. Sidharth Aggarwal, Sr. Adv., Arjun Dewan. Shahryar Khan & Ms Arshiya Ghosh. Advs. for the Petitioner. Zoheb Hossain, Spl. Counsel, Vivek Gurnani & Baibav, Advs. for the Respondent. Facts of the Case In the instant case, the petitioner/the real estate […]
Recovery from Director Couldn’t be Made Without Indicating What Steps Were Taken to Trace Assets of Co. | HC
Case Details: Manjula D. Rita v. Principal Commissioner of Income-tax - [2023] 153 taxmann.com 468 (Bombay) Judiciary and Counsel Details K.R. Shriram & Firdosh P. Pooniwalla, JJ. Ranit Basu, Ms Maitri Malde & Ms Nikita Ghungarde for the Petitioner. Suresh Kumar for the Respondent. Facts of the Case The deceased assessee was a director of a company. An assessment […]
CBDT to undertake Special Campaign 3.0 for Swachhata and disposal of pending matters
Publish Date : Monday, September 11, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1151/Press-Release-CBDT-to-undertake-Special-Campaign-3.0-for-Swachhata-and-disposal-of-pending-matters-dated-11-09-2023.pdf source
Valuation Rules Notified for Supply of Online Gaming & Actionable Claims in Casino
Notification No. 45/2023-Central Tax, dated 06-09-2023 Following the 51st GST Council meeting, the CGST (Third Amendment) Rules 2023 introduce Rule 31B and Rule 31C under the CGST Rules for the valuation of supply by way of online gaming and actionable claims in casino respectively. Rule 31B provides that the value of online gaming, including online […]
CBDT committed to speedy processing of Income Tax Returns
Details : Publish Date : Tuesday, September 5, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1150/PressRelease-CBDT-committed-to-speedy-processing-of-ITR-5-9-23.pdf source
Appellant Rightly Penalised for Continued Non-compliances w.r.t. Appointment of Women Director & CS | SAT
Case Details: Shree Pushkar Chemicals & Fertilisers Ltd. v. National Stock Exchange of India Ltd. - [2023] 153 taxmann.com 398 (SAT-Mumbai) Judiciary and Counsel Details Justice Tarun Agarwala, Presiding Officer & Ms Meera Swarup, Technical Member Amit Jaste, PCS & Karan Varma, Adv. for the Appellant. Pradeep Sancheti, Sr. Adv., Rashid Boatwalla, Ms Samiksha Rajput & Sagar Divekar, Advs. for the […]
CIT Can’t Deny Sec. 12AA Registration to ‘Tennis Association’ Based on a Projection of What Might Happen in Future | HC
Case Details: CIT v. Cuttack District Tennis Association - [2023] 153 taxmann.com 395 (Orissa) Judiciary and Counsel Details Arindam Sinha & Sanjay Kumar Mishra, Jj. R.S. Chimanka, Sr. Standing Counsel (IT) & Avinash Kedia, Jr. Standing Counsel (IT) for the Appellant. S. Ray Sr. Adv., Amit Pattanaik & Diganta Dah, Advs. for the Respondent. Facts of the Case Assessee-association applied […]
Let a Dedicated Tax Expert Do Your Taxes For You.
Get A Consultation
We Provide High-Quality Accounting & Tax Service. Our Businesses are evolving, in the economic realm by providing the best auditing, tax, and assurance services available.