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RBI adds NSDL Payments Bank Limited to Second Schedule
In a significant development for the Indian banking sector, the Reserve Bank of India (RBI) has officially added NSDL Payments Bank Limited to the...
ITAT quashes Order for deleting Disallowance of Educational Cess Claim u/s 115JB of IT Act without Proper Verification [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) quashed the order passed by the commissioner of income tax( appeals) for deleting the disallowance of education cess claim made by the...
![ITAT quashes Order for deleting Disallowance of Educational Cess Claim u/s 115JB of IT Act without Proper Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-Order-for-deleting-Disallowance-of-Educational-Cess-of-IT-Act-without-proper-verification-ITAT-TAXSCAN-1.jpg "ITAT quashes Order for deleting Disallowance of Educational Cess Claim u/s 115JB of IT Act without Proper Verification [Read Order]")
Failure of AO to follow directions given by HC While issuing Notice u/s 148 Reopening Assessment invalidates Order, No Penalty: Bombay HC [Read Order]
The Bombay High Court (HC) in a significant judgement has held that the failure of the Assessing Officer(AO) to follow directions given by the HC while issuing notice under section 148 of...
![RBI notifies Exemptions to Provisions relating to NBFCs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/RBI-Exemptions-NBFCs-Taxscan.jpg "RBI notifies Exemptions to Provisions relating to NBFCs [Read Notification]")
![MCA Notifies Amended Companies (Registration of Charges) Rules, 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/04/MCA-Amended-Companies-Registration-Rules-Taxscan.jpg "MCA Notifies Amended Companies (Registration of Charges) Rules, 2022 [Read Notification]")
![RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/01/RBI-Issues-Master-circular-Bank-finance-Non-Banking-Financial-Companies-Taxscan.jpeg "RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]")
CBDT notifies Procedure for Sharing of Information by Income Tax Authorities with Scheduled Commercial Banks [Read Notification]
The Central Board of Direct Taxes (CBDT) permitted the Sharing of Information by the Income Tax Authorities with Scheduled Commercial Banks. This move of the Government would ease the...
![CBDT notifies Procedure for Sharing of Information by Income Tax Authorities with Scheduled Commercial Banks [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-Sharing-of-Information-Income-Tax-Authorities-Scheduled-Commercial-Banks-Taxscan.jpg "CBDT notifies Procedure for Sharing of Information by Income Tax Authorities with Scheduled Commercial Banks [Read Notification]")