Judgement

The ITAT cited clause (ii) of Section 151, which specifies the higher authority whose approval is required before issuing a notice under Section 148, if three years have elapsed.

Notice Under Section 148 Issued After 3 Years Must be Approved by Higher Authority, Not PCIT

Notice Under Section 148 Issued After 3 Years Must be Approved by Higher Authority Not PCIT

Articles

Company Law Committee's 2022 Report does not include any proposal for removing the statutory audit requirement for small companies.

News of Removing Statutory Audit for Companies with Turnover Up to Rs 1 Crore Is Fake: Claims CA

Tribunal deletes addition for routine family expenses; capital account credit issue sent back for fresh verification.

ITAT: Household Funds Received From Husband Not Taxable as unexplained cash credits

Tribunal rules that requirement of bringing foreign exchange into India applies only; remands issues of exempt dividend and enhanced 10AA deduction for reconsideration.

ITAT Pune: Deduction under Section 10AA Cannot Be Denied for Late Realisation of Export Proceeds

Tribunal holds HUF cannot be donor under Section 56(2)(vii) but allows reconsideration under Section 10(2)

HUF not relative donor u/s 56(2)(vii) of Income Tax: ITAT

ICSI issues an advisory to all professional colleagues, requesting them to timely furnish their annual filings for the financial year 2024-25, as the due date is approaching.

ICSI Requests Members to Ensure Timely Compliance with Annual Filing Deadline for FY 2024-25

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