Are you worried about the Income Tax notice coming your way? On November 8, 2016, the Government of India has taken a historic step to... Read More
Income Tax tribunal after getting sufficient authentic information from the Securities and Exchange Board of India has declared that the transactions or investment in penny... Read More
The assessee claimed loss on sale of shares as business expenses. The issue came up before court was whether any loss on sale of the... Read More
Entries in loose sheets are inadmissible as evidence under section 34 of the Evidence Act
6 min read
The Hon’ble Apex Court in the case of Common Cause vs. Union of India, Interlocutory Application Nos. 3 and 4 of 2017 in Writ Petition... Read More
The deduction of the profits of a business should be made independently in respect of each business
4 min read
The Hon’ble apex Court in the case of CIT vs. Yokogawa India Limited, Civil Appeal No. 8498 of 2013, 8497of 2013 and others has held... Read More
What if the Assessing Officer erred assuming jurisdiction under Section 153A of Income Tax Act?
5 min read
Following a series of proceedings and subsequent discussions, the Honorable ITAT declared the assessment order passed u/s 143(3) r.w.s 153A of the Income Tax Act... Read More
Nowadays every student has become career conscious and starts deciding about future movements of career from the very school level itself. This is vital because the... Read More
The Income Tax Act, 1961 is a vast subject in itself. Below, we have given a brief on the topic Prosecution and Penalties under Income Tax... Read More
CA Sudhir V S & CA Venkata Prasad- One of the recent trends has been inquiries and letters by the service tax department to all restaurants/bars/wine shops... Read More
With the number of corporations emerging these days, the market is on the hunt for the right candidate for each and every role, and one... Read More