RBI Notifies Ombudsman Scheme for NBFCs [Read Notification]
As announced in the Monetary Policy Statement of February 7, 2018, the Reserve Bank of India (RBI) today launched the Ombudsman Scheme for Non-Banking...
![Benefit of S. 115JB can’t be denied to Statutory Corporation merely because an Error in returns due to Mistake of Official: Patna HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Patna-High-Court-TaxScan.jpg "Benefit of S. 115JB can’t be denied to Statutory Corporation merely because an Error in returns due to Mistake of Official: Patna HC [Read Judgment]")
Fifteenth Finance Commission invites suggestions from Public, Institutions for Higher Inclusive Growth
The Fifteenth Finance Commission has invited suggestions/views on issues related to the terms of reference from the members of the general public, institutions and organizations. The Commission shall...
Dept cannot change status of Assessee to Trader when it had accepted him as Investor in previous year merely because he made some profit on shares: ITAT
While dismissing the cross-appeals filed by both the Revenue and Assessee, the Mumbai ITAT ruled that the Revenue cannot change the status of Assessee to the trader when it had accepted him as the...
Assessing Officer can disallow Society’s claim for Exemption, No Power to Withdraw the Registration: ITAT [Read Order]
In the case of Shiv Public School Managing Committee, Delhi bench of Income Tax Appellate Tribunal (ITAT) recently ruled that the Assessing Officer (AO) can disallow a society’s claim for exemption...
![Assessing Officer can disallow Society’s claim for Exemption, No Power to Withdraw the Registration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Assessing-Officer-Taxscan-1.jpg "Assessing Officer can disallow Society’s claim for Exemption, No Power to Withdraw the Registration: ITAT [Read Order]")
ICAI Extends Last date for Submission of Examination Application Forms of Special Examination for members of Foreign Accounting Bodies
The forthcoming Special Examination for members of the foreign accounting bodies, under MRA/MOU entered into by ICAI with the foreign accounting bodies is scheduled to be held from 18th June to 21st...
![Society consists of Urologist Doctors eligible for 12A Registration: Chhattisgarh HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Urologist-Doctors-Taxscan.jpg "Society consists of Urologist Doctors eligible for 12A Registration: Chhattisgarh HC [Read Judgment]")
There is no provision in Customs Act allowing freezing a Bank Account: Delhi High Court [Read Judgment]
In the case of S.B International, the Delhi High Court recently held that there is no sanction in the Customs Act, 1962 which allows freezing the bank account of the Assessee. The assessee in the...
![There is no provision in Customs Act allowing freezing a Bank Account: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "There is no provision in Customs Act allowing freezing a Bank Account: Delhi High Court [Read Judgment]")