Articles

ICAI releases FAQs on the Guidance Note for financial statements of non-corporate entities, effective from April 1, 2024, to ensure standardisation and clarity in reporting.

ICAI Releases FAQs on Guidance Note on Financial Statements of Non-Corporate Entities

A test grievance filed with the Income Tax Department reveals flaws in the redressal system, highlighting automated responses and a lack of human review.

Exposed: Income Tax Redressal System Sends Copy-Paste Replies to Serious Complaints

Notifications

MCA has issued a notification introducing key amendments to the Companies (Corporate Social Responsibility Policy) Rules, 2014.

MCA amends Companies CSR Policy Rules: Notifies e-form CSR-1

Judgement

ITAT says Loan Confirmations, ITRs and Bank Records Sufficient to Discharge Onus Under Section 68

ITAT Quashes Additions, Says Unsecured Loans Duly Explained

ITAT: Section 263 Revision on Loan Interest Disallowance Quashed; Issue Already Pending in Appeal

Limits of Section 263: Can PCIT Intervene on Matters Sub Judice Before CIT(A)?

The AAR ruled that the applicant does not qualify for the exemption for the transportation and catering services, as the applicant is charging fees from the students directly.

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ICAI Releases FAQs on Guidance Note on Financial Statements of Non-Corporate Entities

Exposed: Income Tax Redressal System Sends Copy-Paste Replies to Serious Complaints

MCA amends Companies CSR Policy Rules: Notifies e-form CSR-1

ITAT Quashes Additions, Says Unsecured Loans Duly Explained

Limits of Section 263: Can PCIT Intervene on Matters Sub Judice Before CIT(A)?

No GST Exemption Where School Bus Services Paid Directly by Students: AAR