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...
![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...
ICAI Reprimands CA Guilty of Professional Misconduct Accused of Multiple Financial Frauds, under Investigation by SEBI, EOW and others
The Disciplinary Board of Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA ) guilty of professional misconduct. The CA who is accused of multiple...
![ITAT Annual Digest [Part 56]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-annual-digest-56-part-taxscan.jpg "ITAT Annual Digest [Part 56]")
![CESTAT Annual Digest - [Part - 23]](https://www.taxscan.in/wp-content/uploads/2024/01/Annual-Digest-2023-CESTAT-Annual-Digest-2023-cestat-TAXSCAN-3.jpg "CESTAT Annual Digest - [Part - 23]")
Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that NBFC being financial company tried to enter in to banking business and for this purpose the assessee incurred expenditure on...
![Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Incurring-expenditure-expansion-of-business-Income-Tax-Act-ITAT.jpg "Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]")
ICAI Reprimands CA on Failure to Submit Exception Report stating Running of NBFC without Registration [Read Order]
The Institute of Chartered Accountants of India (ICAI) reprimanded Chartered Accountant (CA ) Rakesh Patni for failure to submit an exception report stating the running of a Non-Banking Finance...
![ICAI Reprimands CA on Failure to Submit Exception Report stating Running of NBFC without Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ICAI-Reprimands-CA-Exception-Report-Running-of-NBFC-without-Registration-Failure-to-Submit-Exception-Report-Registration-NBFC-taxscan.jpg "ICAI Reprimands CA on Failure to Submit Exception Report stating Running of NBFC without Registration [Read Order]")