Manu Sharma
Manu Sharma is a tax-law enthusiast who is also a Physics Graduate deeply passionate about gaming, puzzles, technology and movies. With an eye for detail and knack for legal research, Manu plays a crucial role in curating and editing content to ensure accuracy, clarity, and relevance.
Non-Filing of Form MSME-1: MCA imposes Penalty of Rs. 11.67 L on Samsung R&D [Read Order]
The Registrar of Companies (RoC) at the Ministry of Corporate Affairs (MCA) has imposed a penalty on Rs. 11.67 Lakhs on Samsung’s Research and...
IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has issued a crucial clarification for all registered insolvency professionals regarding the submission of particulars and declarations in...
![IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/IBBI-Insolvency-Application-Declaration-requirements-Registered-insolvency-professionals-Form-C-Declaration-Creditor-TAXSCAN.jpg "IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]")
No Opportunity of Hearing to Assessee required when Transfer of Income Tax Case is within same City, Locality or Place: ITAT
In a major decision, the Income Tax Appellate Tribunal (ITAT) held that no opportunity of hearing was required to be afforded to assessee when there is a transfer of Income Tax Case at the tribunal...
Relief to Priya Gurnani, Moraj Group Director: ITAT allows Standard Deduction u/s 24(a) of Income Tax Act on Annual Value of Property [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that 30% standard deduction is allowable on annual let out value of house property owned by Moraj Group Co-Founder Priya Mohan...
![Relief to Priya Gurnani, Moraj Group Director: ITAT allows Standard Deduction u/s 24(a) of Income Tax Act on Annual Value of Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-9.jpg "Relief to Priya Gurnani, Moraj Group Director: ITAT allows Standard Deduction u/s 24(a) of Income Tax Act on Annual Value of Property [Read Order]")
![Setback to Moraj Director Priya Gurnani: ITAT dismisses Claim of Vacancy Allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Moraj-Director-Priya-Gurnani-Claim-Allowance-taxscan.jpg "Setback to Moraj Director Priya Gurnani: ITAT dismisses Claim of Vacancy Allowance [Read Order]")
Setback to Moraj Group Director: ITAT upholds Assumption of 5% of Cost of Acquisition as Income from Property [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench upheld the assumption of 5% of Cost of acquisition as income from house property owned by Priya M Gurnani, director of Moraj Group. Priya...
![Setback to Moraj Group Director: ITAT upholds Assumption of 5% of Cost of Acquisition as Income from Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Moraj-Group-Director-ITAT-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Setback to Moraj Group Director: ITAT upholds Assumption of 5% of Cost of Acquisition as Income from Property [Read Order]")
ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]
In a significant move, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench has remanded the matter of Priya Gurnani, Co-Founder of Moraj Group for fresh examination of the entry provider allegedly...
![ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Moraj-Group-ITAT-Capital-Gain-Unsecured-Loan-Moraj-Group-Director-Priya-Gurnani-Alleged-Entry-Provider-AO-TAXSCAN.jpg "ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]")