Income Tax Act 1961
Ministry of Corporate Affairs (MCA) crackdown on Chinese shell companies in India – Serious Fraud Investigation Office (SFIO) detains the main plotter and the organiser. The Serious Fraud Investigation Office...
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Income Tax Act 1961
As of today, Ms. Bharati Das is the new Controller General of Accounts (CGA). Ms. Das is the 27th Controller General of Accounts (CGA) for the Government of India’s Ministry...
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Income Tax Act 1961
In yet another measure to deepen financial inclusion, Prime Minister Shri Narendra Modi will dedicate 75 Digital Banking Units (DBUs) to the nation on 16th October at 11 AM via...
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Income Tax Act 1961
Addition made by Income Tax Officer was not sustainable merely on the basis of entries in bank account maintained with HSBC Bank, Geneva, Switzerland ITO Vs. Alkesh Pratap Chandra Bhansali...
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Income Tax Act 1961
Honourable Supreme Court to Examine Central Government Decision on Demonetisation Decision Making Process Point Wise Summary of the Case A Constitution Bench of Honourable Supreme Court, Comprising Justices S Abdul...
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Central Government
Amendments made vide the Finance Act, 2022 to be effective from 1st October, 2022 The Central Government vide Notification No. 18/2022-CT dt. 28.09.2022 has appointed 1st day of October, 2022, as the...
Read MoreFinance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1 st July 2022. 2. The new section...
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Income Tax Act 1961
Case – Shri. Girigowda Dasegowda vs ITO – The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the accumulated cash available out of past savings is justifiable...
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