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![Making a Wrong Claim not amount to concealment of inaccurate information, No Penalty: Bombay HCÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Wrong-claim-Bombay-High-court.jpg "Making a Wrong Claim not amount to concealment of inaccurate information, No Penalty: Bombay HCÂ [Read Order]")
Making a Wrong Claim not amount to 'concealment of inaccurate information', No Penalty: Bombay HCÂ [Read Order]
The Bombay High Court held that making a wrong claim is not at par with concealment or giving inaccurate information which may call for levy of...
![SEBI relaxes cool off period between two QIPs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/06/SEBI-Taxscan.jpg "SEBI relaxes cool off period between two QIPs [Read Notification]")
In Accommodation Entry Business, entire Deposits can’t be assessed as Unexplained Cash Credits: Bombay HC [Read Order]
The High Court of Bombay recently ruled that in the Accommodation Entry Business, entire deposits cannot be assessed as unexplained cash credits. The Assessee, Alag Securities Pvt. Ltd is engaged in...
![In Accommodation Entry Business, entire Deposits can’t be assessed as Unexplained Cash Credits: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/cash-credits-Accommodation-Entry-Business-Deposits-Bombay-High-Court-Taxscan.jpg "In Accommodation Entry Business, entire Deposits can’t be assessed as Unexplained Cash Credits: Bombay HC [Read Order]")
ITAT directs Income Tax Dept to re-examine Kolkata Police Pre-Paid Taxi Booth Society’s claim for 12AA Registration [Read Order]
In a major relief to the Kolkata Police Pre-Paid Taxi Booth Society, the Income Tax Appellate Tribunal (ITAT)has directed the income tax department to reconsider the claim of the society for the...
![ITAT directs Income Tax Dept to re-examine Kolkata Police Pre-Paid Taxi Booth Society’s claim for 12AA Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Pre-Paid-Taxi-Booth-ITAT-Taxscan.jpeg "ITAT directs Income Tax Dept to re-examine Kolkata Police Pre-Paid Taxi Booth Society’s claim for 12AA Registration [Read Order]")