Penalty for Non-Disclosure of Foreign Assets
Penalty for Non-Disclosure of Foreign Assets: Whether Technical Non-Compliance Warrants Penal Consequences?The Hon’ble Bombay High Court in Pr. Commissioner of Income Tax (Central)-3 v. Shrem Alloys Pvt. Ltd., Income Tax Appeal ...
Section 145B : Taxability of certain income
Section 145B : Taxability of certain income Section 145B : Taxability of certain incomeSection 145B of the Income Tax Act, 1961 has been inserted in the Income-tax Act to provide that—(1) In...
Addition on Cash Deposited
Cash Deposits—Source Explained by Prior Withdrawals — Mere Time Gap Not Sufficient for AdditionITAT Ahmedabad: Bhikhabhai Mangalbhai Patel v. ITO- ITA No. 1743/Ahd/2025 | Order dated 13.11.2025 | AY 2017-18**The assessee appealed against the orde...
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal(ACIT v. Seven Seas Hospitality Pvt. Ltd., ITA Nos. 2225 & 2226/Del/2025, dated 14.11.2025)**1. BackgroundThe Re...
The Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014,
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 3rd November, 2025 G.S.R. 811(E).––– In exercise of the powers conferred by sections 173, 177, 178 and 186 read with section 469 of the Companies Act, 2013 (18 of 2013),...