The Central Board of Direct Taxes (CBDT) has said Unique Document Identification Number (UDIN) provided for the audit reports/certificates submitted by the Chartered Accountants in the e-filing portal shall be…
COMPANY LAW/SEBI : Where SEBI by an ex parte interim order directed respondent, who was CEO of subject company to deposit notional gain made by him in trades carried out…
The Indian Society at large does not per se enjoy a “community rapport” with the present Indian Tax Administration System, one therefore has forever analysed the raison d’etre and develop…
The provisions of section 56(2)(v) of the Income-tax Act ( the Act) were inserted by the Finance (No.2) Act,2004 with effect from 1st April,2005. The purpose for which the provisions…
The Gujarat High Court in GE Power Conversion Pvt. Ltd Vs PASL Wind Solutions Pvt. Ltd on 3rd November, 2020 ruled that foreign arbitral awards are enforceable in India if…
There may be various reasons why the assessee is not able to submit any, or complete evidence before the AO, during the course of assessment proceedings. May be, he may…
INCOME TAX : Loss incurred by assessee in respect of its unit eligible for deduction under section 80-IC could be set off against income of assessee from other unit not…
INCOME-TAX : High Court to decide writ petition on merits with respect to challenge to vires of section 40(a)(iib), irrespective of fact whether matter was sub-judice before Income Tax AuthorityINCOME-TAX…
INCOME TAX : Where under a scheme of succession intangible assets of a partnership firm were transferred to assessee-company in lieu of shares issued to partners of erstwhile firm, successor…
INCOME TAX : Requirement of investment in a residential house in India in order to claim exemption under section 54F(1) is applicable from assessment year 2015-16 onlyINCOME TAX : Requirement…