ITAT Delhi held that addition under section 68 of the Income Tax Act by treating LTCG as bogus merely on the basis of assumption and conjecture is not sustainable in law since purchase and sale of ...

One order dismissed an application by A Rajendra seeking to place his resolution plans before the Committee of Creditors (CoC) and stay the voting results on another resolution plan. The second order ...

The evolution of India’s capital market has been intrinsically linked to the regulatory oversight and reforms driven by the Securities and Exchange Board of India (SEBI). Established as a statutory ...

For the protection of investors, SEBI implements Know Your Customer (KYC) standards and Anti-Money Laundering (AML) guidelines to ensure that genuine investors invest in Indian markets. It ...

Principal Commissioner of CGST & Central Excise, the CESTAT Delhi reviewed a service tax demand order issued on 16.05.2018, covering the period from July 2012 to March 2016. The order followed a show ...

In the case of Optra Health Private Limited vs. ACIT, the Bombay High Court addressed an issue stemming from a mismatch be-tween the name used in the income tax return (ITR) and the company’s updated ...

Then, this is time to sort out your personal finances and start your investment journey. Remember, money makes possible the enjoyment of the best the earth affords, and you need not to be an expert to ...

The Kerala High Court recently addressed important procedural questions regarding appeals following remand orders in the case of Malabar Institute of Medical Sciences Ltd. v. DCIT. The Court ...

ITAT Pune held that non-inclusion of disallowance u/s. 43B while filing income tax return is bona fide and inadvertent error. Accordingly, imposition of penalty under section 270A for bona fide ...

Assessee is an individual whose case was selected for limited scrutiny to examine certain issues. Noticing an increase in closing balance of unsecured loans as compared to previous year, AO made ...

ITAT Ahmedabad held that revisionary proceedings under section 263 of the Income Tax Act not invocable as assessment made by AO after proper verification of evidences. Further, assessment order is ...

2. Implications under Section 271DA: As per the law, receiving cash payments above ₹2,00,000 attracts a penalty equal to the amount received. Though the penalty is on the recipient, the Court ...