Subject: Mandatory Submission of Closure Report on expiry of FSSAI License/ Registration-reg.

As a result, the Registrar concluded that both the company and its directors were liable for penalties under Section 172 of ...

ITAT Mumbai held that since donations collected were parked in savings bank account of assessee and funds were used for personal purpose hence donation collected are taxable u/s. 56 (2) (x) of the ...

ITAT Delhi held that disallowance of expenditure on adhoc basis without contrary material and without rejection of books of accounts not justifiable. Accordingly, disallowance made in the impugned ...

Rajasthan High Court has dismissed a series of appeals filed by the Commissioner of Income Tax (CIT) against Shyam Mandir Committee, Khatushyam Ji. The High Court’s decision affirms the Income Tax ...

Delhi High Court held that it is no longer open for the department to proceed with the adjudication of show cause notice which had not been adjudicated for almost fourteen years. Thus, letter ...

ITAT Mumbai held that as per section 70 (2) the short-term capital loss can be set off against gain from any other capital asset. Thus, set off of short-term capital loss (on which STT was paid) ...

14. Mr Pardiwalla submitted that there was no independent application of mind by the AO, and this was an instance of the AO acting under dictation. He submitted that the AO incorrectly thought that he ...

ITAT Ahmedabad held that addition towards accommodation entries of bogus LTCG cannot be sustained in absence of any iota of tangible perceptible evidence. Accordingly, appeal allowed and addition set ...

CBI arrests two accused including a Senior Indian Revenue Service Officer 2007 batch, presently posted as Additional Director General, Directorate of Taxpayer Services, New Delhi, and a private person ...

Failure to comply with CPE hours requirements for the year 2024 by 30th June 2025, will escalate your status to Level II and ...

Through flagship initiatives such as the MSME Yatra, Startup Sphere, Startup Manthan, and Startup Samvad, ICAI actively ...