posted: "COMPANY LAW : SEBI found that schemes floated by applicant company squarely fell within definition of Collective Investment Scheme as defined under section 11AA of SEBI Act and several complaints had been made by investors to effect that company was not r"
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posted: "INCOME TAX : Where assessee purchased certain plant and machinery items during year 2003 and thereafter a sum payable to seller (SS) which was waived off by SS in year 2006 but assessee continued to claim depreciation on gross value of block of plant and "
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posted: "INCOME TAX: Where grounds of appeal were common for AY 2013-14 and 2014-15 and Commissioner (Appeals) has passed a combined order for both assessment years, however in order Commissioner (Appeals) has only dealt with AY 2013-14 and has omitted to mention/"
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posted: "The Income-tax Department has carried out search and seizure operations in Tamil Nadu and Gujarat. The searches have resulted in the detection of undisclosed income of more than Rs. 380 crore.The Income-tax Department has carried out search and seizure o"
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posted: "COMPANY LAW/SEBI : Since SAT performs Judicial functions, it is mandatory for SAT to be manned by Judicial member and thus, even though a Technical member is not available, Bench consulting Presiding Officer and Judicial Members can proceed to hear and de"
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posted: "The Central Board of Direct Taxes (CBDT) has extended the validity of provisions of Rule 10TD(1) amp; Rule 10(2A) till Assessment Year 2021-22. Rule 10TD prescribes list of eligible international transactions where transfer price declared by the assessee "
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posted: "INCOME TAX : Where Assessing Officer made additions under section 56(2)(viib) after fresh valuation of shares adopting different method (NAV) from that adopted by assessee (DCF method), since Assessing Officer was entitled to scrutinize valuation report a"
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posted: "INCOME TAX : Where it was statutory obligation of assessee co-operative bank to contribute to 'common good fund', 'special assistance fund', etc., amount expended on funds will be allowable as deduction while computing income of assessee co-operative bank"
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posted: "Rule, 12 of Income-tax Rules, 1962 mandates certain person to verify ITR only through Digital Signature. Considering technical issues on new e-filing portal, The CBDT has ordered Assessing Officers (AO) to regularise Income-tax returns which are filed bet"
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posted: "INCOME TAX : Where assessee company was not a shareholder in company from which it had received loan, such loan amount could not be treated as deemed dividend under section 2(22)(e) in hands of assessee merely because there were common shareholders in pay"
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