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Failure to Meet Rs. 200 Lakh Net Owned Fund Mandate within Deadline: Delhi HC sets aside Cancellation of NBFC Registration [Read Order]
The Delhi High Court in a recent decision set aside an Order passed by the Reserve Bank of India ( RBI ) cancelling the Certificate of Registration...
No Amendments of S. 406 of Companies Act can be made Which Ceases Operations of Nidhi Companies: Kerala HC on Nidhi Companies Case [Read Order]
The Kerala High Court held that any financial activity ought to be regulated reasonably within the ambit of law, and it cannot glissade into a situation where its operations become impossible, or are...
![No TDS Deduction on Transaction of Assigning Loans by NBFC: ITAT rules in Favour of SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-rules-ITAT-rules-SBI-rules-Assigning-loans-by-NBFC-TAXSCAN.jpg "No TDS Deduction on Transaction of Assigning Loans by NBFC: ITAT rules in Favour of SBI [Read Order]")
![Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Delhi-Income-Tax-Section-68-of-Income-Tax-Act-taxscan.jpg "Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
![Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Opportunity-Heard-Denied-ITAT-addition-Income-Tax-Act-taxscan.jpg "Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
CBDT Directs SROs to Report High-Value Transactions by June 30: Banks, Post Offices, and Mutual Funds Included
The Central Board of Direct Taxes ( CBDT ) has directed Self-Reporting Organizations ( SROs ) including post offices, bank..etc to submit comprehensive details of high-value transactions conducted...
