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NIIT Wins Income Tax Appeal: ₹5.34 Crore Demand Quashed by CIT(A)

Kavi Priya

NIIT Limited has secured a major relief in a longstanding tax litigation, with the Commissioner of Income Tax (Appeals)-44, Delhi ruling in favor of...

Big 6 Accounting Firms - Big 6 Accounting Firms Dominate - India’s Corporate - taxscan

Big 6 Accounting Firms Dominate India’s Corporate Audit Landscape

IndusInd Bank Faces ₹30.15 Crore GST Penalty

SEBI - Securities and Exchange Board of India - SEBI issues Circular on Business Continuity - taxscan

SEBI issues Circular on Business Continuity for Interoperable Segments of Stock Exchanges [Read...

Illegal Freezing - Demat Account - Doctor - Bombay HC directs SEBI, BSE - NSE - TAXSCAN

Illegal Freezing of Demat Account of Doctor: Bombay HC directs SEBI, BSE and NSE to Compensate with...

RBI Takes Regulatory Action Against IIFL Finance Ltd., Prohibits Gold Loan Sanctions and Sales

Following its recent regulatory measures against Paytm Payments Bank Limited ( PPBL ), the Reserve Bank of India ( RBI ) has taken further action, this time targeting India Infoline Finance Limited...

RBI - IIFL Finance Ltd - Gold Loan - Gold Loan Sanctions and Sales - RBI Takes Regulatory Action Against IIFL Finance Ltd - taxscan

Kickstart 2024 with Investment in Gold: Central Govt Unrolls Series III and IV of SGB Scheme 2023-24, Check Dates and Interest Rates here

As the new year approaches, consider making a resolution to invest in your future. A noteworthy opportunity has been presented by the Government of India in partnership with the Reserve Bank of India...

Investment in Gold - SGB Scheme - Central Government - Reserve Bank of India - Sovereign Gold Bonds - Investment - taxscan

Depository Charges should not be Disallowed u/s 14A r.w.r. 8D(2)(i) of Income Tax Act: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the depositary charges should not be disallowed under section 14A read with rule 8D(2)(i) of the Income Tax Act,1961. ...

ITAT quashes Addition by AO towards Business Loss on ground of Absence of Speculation Loss of Share Capital Income [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the addition made by the Assessing Officer (AO) towards the business loss on the grounds of the absence of speculation loss of...

Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the determination of Arms Length Price (ALP) of professional fee should not be carried out by the Assessing Officer (AO) in a...

Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the finance cost should be allowed as a deduction under section 36(1)(iii) of the Income Tax Act,1961. DAM Capital...

Commission charged by AO considering Market Trend in Providing Accommodation Entries, not on Ad-Hoc basis: ITAT confirms Addition [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has confirmed the addition as the commission charged by Assessing Officer (AO) was considering the market trend in providing accommodation...