Budget Update
Filing of Form 10A & 10AB: CBDT extends due date to June 30
RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes
Israel-Iran War: A close shave for Global Economy but for how long?
I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT
TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing
I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT
Technology Board okays funding of Dhruva Space's Solar Array Project
I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT
Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine
I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT
Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide
I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT
Delhi HC says conspiracy against PM is a crime against State
I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT
Brazil makes new rules to streamline consumption taxes
I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT
Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights
I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT
BYD trying to redefine luxury for new EV variants
GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC
SC asks EC to submit more info on reliability of EVMs
Right to Sleep - A Legal lullaby
PUZZLE TO DAZZLE