Patna High Court held that compounding charge should be deposited by the petitioner abiding his statement and issue of apportionment of compounding charges should be considered by the Secretary, Rural ...

ITAT Delhi held that while computing total income as per Rule 5 r.w. section 44, provisions of section 14A are not applicable. Further, disallowance method of computation of prescribed under Rule 8D ...

ITAT Raipur held that disallowance under section 43B of the Income Tax Act towards unpaid VAT liability cannot be sustained since the amount was not claimed as an expenditure in P&L account.

ITAT Ahmedabad held that assessment order passed against non-existent entity is an invalid assessment order and hence entire ...

The evolving insolvency landscape has significantly altered the legal and financial obligations of personal guarantors, ...

Summary: The Indian government has expanded the scope of Tax Collected at Source (TCS) under Section 206C(1F) of the ...

Fingerprint evidence has been recognized in India for over a century. The use of fingerprints was officially introduced ...

Whether the Ld. Tribunal was right in upholding deletion of the addition of account profit of Rs.3,97,77,965/-on account of trading in Future & Option?” (ii) Where the Ld ...

In our opinion, the order passed by the High Court, which upheld the decision of the Tribunal, is correct on facts and in law. This case does not involve a failure by the assessing officer to conduct ...

Customs Authority for Advance Ruling (CAAR) in Mumbai has ruled that imported Interactive Flat Panels will be classified ...

To get the incentive, there are three main conditions: 1. You have to invest in plant and machinery. 2. You need to show sales growth —the scheme rewards those who scale up. 3. You need to create jobs ...

A company can voluntarily wind up by passing a special resolution with at least 75% shareholder approval. The process includes appointing a liquidator, settling liabilities, filing necessary forms, ...