Insolvency Professional responsible for Non-compliance of Provisions: IBBI Clarifies [Read Circular]
In a circular issued on Wednesday, the Insolvency and Bankruptcy Board of India directed the professionals to ensure compliance with provisions of the...
![Investment in Jewellery can’t be treated as Unexplained when it is Reflected in Books & the Source of Fund is Evidenced through Bank A/c: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/05/excise-duty-on-jewellers.jpg "Investment in Jewellery can’t be treated as Unexplained when it is Reflected in Books & the Source of Fund is Evidenced through Bank A/c: ITAT [Read Order]")
![Govt Launches 7.75% Savings (Taxable) Bonds Scheme for Individuals and HUF [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/07/Sovereign-Gold-Bonds-Scheme.jpg "Govt Launches 7.75% Savings (Taxable) Bonds Scheme for Individuals and HUF [Read Notification]")
![ITAT Deletes Late Fee for TDS Default since it is Committed prior to 01/06/15 [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "ITAT Deletes Late Fee for TDS Default since it is Committed prior to 01/06/15 [Read Order]")
No Addition since Interest has Accrued to the Assessee but has not been Realized: ITAT [Read Order]
The Income Tax Appellate Tribunal in its recent order ruled that no additions can be made since interest has accrued to the assessee but has not been realized. The bench comprising of Judicial Member...
![No Addition since Interest has Accrued to the Assessee but has not been Realized: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "No Addition since Interest has Accrued to the Assessee but has not been Realized: ITAT [Read Order]")
![Govt Notifies 7.6% Interest applicable to Special Deposit Scheme [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/Special-Deposit-Scheme-EPF-Taxscan.jpg "Govt Notifies 7.6% Interest applicable to Special Deposit Scheme [Read Notification]")
![UP VAT Dept Allows Issuance of C-Form manually for Closed Firms with lower Turnover [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/01/VAT-Taxscan.jpg "UP VAT Dept Allows Issuance of C-Form manually for Closed Firms with lower Turnover [Read Circular]")
Govt. Notifies Amendments to Insolvency Resolution Process for Corporate Persons Regulations and Fast Track Insolvency Resolution Process for Corporate Persons Regulations
The Insolvency and Bankruptcy Board of India (IBBI) has amended (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the...
Section 143(1D) can’t detract the Discretionary Power of AO to process the Returns even if a Notice u/s 143(2) is Issued: Bombay HC [Read Judgment]
Yet again, Section 143(1D) of the Income Tax Act came under the scrutiny of a Constitutional Court. This time, it was the High Court of Bombay, which held categorically while considering many writ...
![Section 143(1D) can’t detract the Discretionary Power of AO to process the Returns even if a Notice u/s 143(2) is Issued: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-Tax-Scan.jpg "Section 143(1D) can’t detract the Discretionary Power of AO to process the Returns even if a Notice u/s 143(2) is Issued: Bombay HC [Read Judgment]")