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Blog, News, Income Tax

June 13, 2023

Section 56(2)(vii) not applicable on the issue of right shares to existing shareholders: ITAT

Case Details: ITO v. Rajeev … Continue reading “Section 56(2)(vii) not applicable on the issue of right shares to existing shareholders: ITAT”

Blog, News, Income Tax

February 17, 2026

HC can’t dispose of appeal with just one paragraph order: SC

Case Details: PCIT v. Motisons … Continue reading “HC can’t dispose of appeal with just one paragraph order: SC”

Blog, News, Account & Audit

March 16, 2022

Preparation for Bank Branch Audit | Statutory Audit of Banks

Banks play an important role … Continue reading “Preparation for Bank Branch Audit | Statutory Audit of Banks”

News, Blog, FEMA & Banking

February 24, 2026

Govt. reviews the FDI policy | Permits FDI in LIC IPO to attract foreign investments

1. Introduction The Government has … Continue reading “Govt. reviews the FDI policy | Permits FDI in LIC IPO to attract foreign investments”

Blog, News, GST & Customs

February 13, 2026

PLI Scheme for Automobile and Auto Component | Investment of Rs. 74,850 Crore

Press Release dated March 15th, … Continue reading “PLI Scheme for Automobile and Auto Component | Investment of Rs. 74,850 Crore”

Blog, News, GST & Customs

February 17, 2026

State Govt. to reconsider blacklisting petitioner for contracts as cancelled GSTIN restored

Case Details: Commercial Food Services … Continue reading “State Govt. to reconsider blacklisting petitioner for contracts as cancelled GSTIN restored”

Blog, News, GST & Customs

February 17, 2026

State Authority cannot restrain Central Authority from issuing GST Summons: HC

Case Details: Kuppan Gounder P.G. … Continue reading “State Authority cannot restrain Central Authority from issuing GST Summons: HC”

Blog, News, GST & Customs

February 16, 2026

Powers of Commissioners for adjudication of SCNs issued by officers of DGGI: CBIC

Notification No. 02/2022-Central Tax Dated … Continue reading “Powers of Commissioners for adjudication of SCNs issued by officers of DGGI: CBIC”

Blog, News, Income Tax

February 24, 2026

Relief granted to assessee required to meet tax demand raised on unexplained income

Case Details: Hermes I Tickets … Continue reading “Relief granted to assessee required to meet tax demand raised on unexplained income”

Blog, News, Income Tax

March 15, 2022

HC justified Reassessment on Maharashtra Minister and validates notice issued within 5 hours

Case Details: Chhagan Chandrakant Bhujbal … Continue reading “HC justified Reassessment on Maharashtra Minister and validates notice issued within 5 hours”