No Error in CA Final Exam Results: ICAI Clarifies
The Institute of Chartered Accountants of India (ICAI) has clarified that there is no error in the results of CA Final examination held in November...
![When CIT (A) reduced Quantum of Disallowance u/s 14A and assessee accepted it, Filing of Cross-Objection after 4 years is not proper: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "When CIT (A) reduced Quantum of Disallowance u/s 14A and assessee accepted it, Filing of Cross-Objection after 4 years is not proper: Delhi HC [Read Judgment]")
![Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenses-Taxscan.jpg "Expenses related to the Fundamentals of Business can’t be Disallowed merely because it is not Vouched: ITAT [Read Order]")
IBBI mandates Insolvency Professional to Disclose Relationship with Stakeholders within three days [Read Circular]
With a view to bringing transparency, the Insolvency and Bankruptcy Board of India (IBBI), in a circular issued on Tuesday, said that an Insolvency  Professional shall, within the time stipulated,...
IBBI issues Circular on Fees payable to an Insolvency Professional and to other professionals appointed by an Insolvency Professional [Read Circular]
The Insolvency and Bankruptcy Board of India (IBBI) said that yesterday issued circular clarifying norms for fees payable to an insolvency professional and to other professionals appointed by an...
Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]
The Income Tax Appellate Tribunal recently ruled that the stay can be allowed for penalty under Section 271(1)(c) of the Income Tax Act, 1961 if the same is levied as a result of enhancement of income...
![Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/First-Appeal-ITAT-Taxscan.jpg "Stay can be allowed for Penalty u/s 271(1)(c) if the same is levied as a Result of Enhancement of Income in First Appeal: ITAT [Read Order]")
Benefit of Sec 54B cannot be denied on Ground that Investment and Document Registered is made in the name of Spouse: Rajasthan HC [Read Judgment]
A division bench of the Rajasthan High Court held that the benefit of Section 54B of the Income Tax Act, 1961 cannot be denied to the assessee merely on the ground that the investment and document...
![Benefit of Sec 54B cannot be denied on Ground that Investment and Document Registered is made in the name of Spouse: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/RajasthanHighCourt-Taxscan.jpg "Benefit of Sec 54B cannot be denied on Ground that Investment and Document Registered is made in the name of Spouse: Rajasthan HC [Read Judgment]")
Indian Reporting Financial Institutions reporting pre-existing accounts should Ensure Reporting of U.S. TIN from 2017 onwards: CBDT
India and USA have signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. To enhance the effectiveness of information exchange and transparency, both the sides committed to establish, by...
