Judgement

Matter remanded for verification where royalty liability was adjusted against excess pre-paid amounts to State Government

ITAT  Sets Aside Section 43B Disallowance on Royalty Adjustment Claim by NMDC

ITAT Sets Aside Section 43B Disallowance on Royalty Adjustment Claim by NMDC

Failure to report serious irregularities in four borrower accounts held as gross negligence; fine of Rs. 1 lakh each imposed

ICAI Disciplinary Committee Reprimands Two CAs for Lapses in Concurrent Audit of Bank Branch

The HC dismissed a tax appeal and upheld a Rs. 1.42 lakh addition after finding no substantial question of law in a case involving unexplained cash discovered during a search.

Inconsistent Claims on Seized Cash Lead to Dismissal of Tax Appeal; HC Upholds Rs. 1.42 Lakh Addition

The ITAT upheld a Rs. 6.29 lakh penalty under Section 270A for falsely claiming ineligible deductions and excess HRA, denying Section 270AA immunity due to failure to file a timely application.

ITAT Upholds Penalty for False Deductions and Excess HRA, Political Donation Claim; Denies Section 270AA Immunity

High Court directs issuance of NIL TDS certificate to British Airways for airline operations under Article 8 of the India-UK DTAA

HC Sets Aside 0.1% TDS for British Airways; Orders NIL Certificate Under Section 197

Articles

The Ministry of Labour and Employment has approved auto-crediting unused savings from inoperative EPFO accounts directly into subscribers’ bank accounts.

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ITAT Sets Aside Section 43B Disallowance on Royalty Adjustment Claim by NMDC

ICAI Disciplinary Committee Reprimands Two CAs for Lapses in Concurrent Audit of Bank Branch

Inconsistent Claims on Seized Cash Lead to Dismissal of Tax Appeal; HC Upholds Rs. 1.42 Lakh Addition

ITAT Upholds Penalty for False Deductions and Excess HRA, Political Donation Claim; Denies Section 270AA Immunity

HC Sets Aside 0.1% TDS for British Airways; Orders NIL Certificate Under Section 197

Govt to Credit Rs. 30.52 Crore into 7.11 Lakh Inoperative EPFO Accounts Automatically