The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the final assessment order passed by AO without a draft assessment order is to be quashed. The assessee, M/s.Tally Solutions Pvt.Ltd. is a company engaged

Introduction: The application of assets seized during the course of search and seizure action is governed by the provisions of Section 132B of the Income Tax Act’1961. Before digging deeper into the matter, let us

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no interest under section 234B can be levied on the assessee-payee on the ground of non-payment of advance tax. The appellant, M/s Huawei Technologies Co.

The Security and Exchange board of India (SEBI) has issued the procedure for e-Voting Facility Provided by Listed Entities. As per Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)

Siemens has invited applications for the post of Business Administration Sales Professional. Siemens Digital Industries is an innovation and technology leader in industrial automation and digitalization. In close collaboration with our partners and customers, we

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for the proposal of the Securities & Exchange Board of India (SEBI) to sign a bilateral Memorandum of Understanding (MOU)

The Supreme Court transferred to itself the petitions pending before 3 High Courts namely Kerala, Madras and Calcutta High Courts challenging Constitutional validity of Accounting Standards framed by the Institute of Chartered Accountants of India

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while ruling in favor of Bank of India held that Principal Commissioner of Income Tax (PCIT) cannot form another view on the same issue in which the

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench deleted the addition and held that payment made by the assessee to the seven sub-contractors did not breach the threshold limit. The assessee, M/s Art – E-

The Income Tax Appellate Tribunal (ITAT), bangalore confirmed the disallowance of advertisement expenses relating to the construction of the swimming pool. The AO noticed that the assessee firm, Himalaya Drug Company has contributed a sum

The Amazon has invited applications for the post of Financial Analyst. Financial Analyst handles Amazon's Finance Operations Accounting and Analysis team managing the month-end close and reconciliations globally. The candidate would be responsible for monitoring

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that foreign exchange fluctuation should be treated as operating profit/loss while computing the profit margin. The assessee, M/s. Global E-Business Operations Pvt. Ltd. is a company

The Income Tax Appellate Tribunal (ITAT) held that no tax applicable on the shipping income of foreign vessels under the India-Singapore Tax Treaty. The assessee, M/s. Bengal Tiger Line Pte Ltd. is a resident of

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench directed the  AO to delete addition on account of depreciation on membership card. The assessee, Edelweiss Financial Advisors Ltd. is a limited company and engaged in the

The Income Tax Appellate Tribunal (ITAT) held that interest income and commitment fees earned by DZ Bank from its Indian clients can be taxed at the hands of Indian Branch under India German Tax Treaty.