Judgement

High Court dismisses Revenue’s appeal; upholds ITAT’s order confirming CIT(A)’s restriction of bogus purchase addition to 15% of alleged hawala transactions.

High Court Dismisses Revenue Appeal; Upholds 15% Restriction on Bogus Purchase Addition

High Court sets aside State’s acquisition under Section 14 of the Maharashtra Slum Act, holding that the landowner’s preferential right to redevelop must be exercised before invoking acquisition powers.

HC Upholds Landowner’s Preferential Right to Redevelop, Quashes Acquisition of Private Land

ITAT Mumbai confirms that deductions under Sections 36(1)(vii), 36(1)(viia)(c) and 36(1)(viii) are independent; restricts Section 14A disallowance to assessee’s own working and remands lease-premium issue under Section 158A.

Rs 5.5 Crore 14A Disallowance Cut Down to Rs 1.16 Cr: ITAT Favors Assessee on Rule 8D Misuse

Notifications

MSME Ministry notifies service rules governing recruitment, service, and training of Group ‘A’ posts at the Mahatma Gandhi Institute for Rural Industrialisation.

MSME Ministry Issues Recruitment Rules for Group ‘A’ Posts at Mahatma Gandhi Institute for Rural Industrialisation

Articles

The proposed changes aim to offer more flexibility and visibility to Indian firms so that they can compete with the top global companies and gain a share of the $240 billion international auditing and consulting market.

Government May Relax Rules for CAs to Advertise their Firm

The Government of India has officially notified the Agreement and Protocol between India and Qatar, strengthening bilateral economic and trade relations. Read the full notification here.

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High Court Dismisses Revenue Appeal; Upholds 15% Restriction on Bogus Purchase Addition

HC Upholds Landowner’s Preferential Right to Redevelop, Quashes Acquisition of Private Land

Rs 5.5 Crore 14A Disallowance Cut Down to Rs 1.16 Cr: ITAT Favors Assessee on Rule 8D Misuse

MSME Ministry Issues Recruitment Rules for Group ‘A’ Posts at Mahatma Gandhi Institute for Rural Industrialisation

Government May Relax Rules for CAs to Advertise their Firm

Government notifies Agreement and Protocol between India and Qatar [Read Notification]