Setback to Gandhis: ITAT upholds Income Tax Order against Young Indian [Read Order]
The Income Tax Appellate Tribunal, Delhi bench on Thursday upheld the case against the Gandhi family in connection with commercial immovable properties worth more than Rs 800 crore by incorporating Young Indian having a share
SEBI consent not mandatory for Compounding of Offences under Section 24A but taking Views of Expert body is necessary: Supreme Court
The Supreme Court held that the consent of the Securities and Exchange Board of India (SEBI)  is not mandatory for the compounding of offences under section 24A of the SEBI Act but taking views of
ITAT allows Assessee’s Claim to Write Back Credit to Profit and Loss Account for Bad Debt made in earlier years [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench allowed the assessee’s claim to write back credit to profit and loss account for bad debt made in earlier years. The assessee company, Goldman Sachs (India) Finance
CA Inter/ CPA Inter vacancy in Silicon Valley Bank
The Silicon Valley Bank is hiring CA Inter/ CPA Inter for the post of Analyst. The Silicon Valley Bank, a subsidiary of SVB Financial Group, is a U.S.-based high-tech commercial bank. The bank has helped
Supreme Court and High Court Weekly Round-Up
This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from August 12 to August 18, 2023.10 Manufacture of Veterinary Products Falls Under Category
Delay of 135 days due to Misplacement of Assessment Order by Advocate: ITAT condones delay [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi bench consisting of Shamim Yahya, Accountant Member and Yogesh Kumar US, Judicial Member condoned delay of 135 days occurred due to misplacement of Assessment Order by Advocate. The
AI in Tax Compliance: Recent Trends and Future Roadmap
Artificial Intelligence ( AI ) is becoming increasingly crucial in the realm of tax compliance, bringing about significant changes and paving the way for future advancements. Recent trends show a widespread adoption of AI by
B. Com Vacancy in Shell
Shell has invited applications for the post of Business Analyst - Finance. QUALIFICATIONS Minimum 8-12 years of experience in SAP Project system with at least 5 years in SAP Investment Management.Minimum of 2 end-to-end SAP
CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]
The Comptroller and Auditor General (CAG) in its report recommended the Central Board of Direct Taxes (CBDT) put in place a mechanism so as to ensure that Appraisal Report along with seized material be handed
[Breaking] Relief to Google: Karnataka High Court quashes ITAT’s order imposing Royalty Taxation for ‘Adwords Program’
The Karnataka High Court, while providing relief to Google India, quashed the order passed by Income Tax Appellate Tribunal (ITAT) imposing royalty taxation for ‘Adwords program’. The assessee, Google India was granted with the marketing
Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]
In a significant case, the Bombay High Court the charge of the sales tax department to recover sales tax dues would be valid after recognition of the first charge of the assessee as a secured
Disputes concerning Exemption Claim and Rate of Duty are Different: Supreme Court upholds Jurisdiction of HC in entertaining Appeal against CESTAT Order [Read Order]
The Supreme Court has held that disputes concerning exemption claim and rate of duty are different and upholds the Jurisdiction of the High Court in entertaining an appeal against CESTAT Order. The petitioner,M/s. AseanCableship Pvt.
ITAT deletes Addition since Contribution to EPF and ESI was deposited before due date of filing Income Tax Return [Read Order]
The Cuttack bench of Income Tax Appellate Tribunal in Das & Sons Infracon Pvt. Ltd Vs. DCIT, deleted the addition since contribution to EPF and ESI was deposited before the due date of filing Income
Employer Contribution u/s 43B of Income Tax Act is allowable if Payment is done Before Filing of Returns u/s 139(1): ITAT quashes Addition [Read Order]
The employer's contribution under Section 43B of the Income Tax Act, 1961 is acceptable if the payment is made prior to the filing of returns, according to a recent decision by the Income Tax Appellate
ITAT deletes disallowance made by AO on account of delayed payment of contribution to PF, ESI and Professional Tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the disallowance made by AO on account of delayed payment of contribution to Provident Fund, Employees' State Insurance and Professional Tax. The assessee, Planman HR (P)