Clipped from: https://www.thehindubusinessline.com/economy/bombay-hc-strikes-down-changes-to-it-rules-allowing-fact-check-unit/article68664759.ece Comedian Kunal Kamra petitioned to the Bombay Court against the FCU stating that the new rules announced by the Centre could potentially lead
Category: Legal
Order passed against dead person liable to be set aside: Madras HC
Clipped from: https://taxguru.in/income-tax/order-passed-dead-person-liable-set-aside-madras-hc.html S. R. Steels Vs Deputy State Tax Officer (Madras High Court) Madras High Court held that order passed against the dead person, who
👌👌👌👌👌Income Tax tribunal paves way for double deduction claims – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/income-tax-tribunal-paves-way-for-double-deduction-claims/article68557951.ece Clipped from: https://www.thehindubusinessline.com/business-laws/income-tax-tribunal-paves-way-for-double-deduction-claims/article68557951.ece Income Tax Appellate Tribunal allows simultaneous deduction claims under Section 54 and 54F in Ramdas Sitaram Patil vs ACIT case In Ramdas Sitaram
👌👌👌Deduction u/s. 80P inadmissible as return filed after due date prescribed u/s. 139(1): ITAT Ahmedabad
https://taxguru.in/income-tax/deduction-u-s-80p-inadmissible-return-filed-due-date-prescribed-u-s-139-1-itat-ahmedabad.html Clipped from: https://taxguru.in/income-tax/deduction-u-s-80p-inadmissible-return-filed-due-date-prescribed-u-s-139-1-itat-ahmedabad.html Dared Seva Sahkari Mandali Ltd Vs Assessment Unit (ITAT Ahmedabad) ITAT Ahmedabad held that claim of deduction u/s 80P is admissible only
👌Madras HC: GST dept has to Verify Correctness of Returns and Particulars before Initiating Action u/s 73
Clipped from: https://www.taxscan.in/gst-dept-has-to-verify-correctness-of-returns-and-particulars-before-initiating-action-u-s-73-madras-hc-read-order/438238/ The Madras High Court has ruled that the Goods and Services Tax ( GST ) Department should thoroughly verify the correctness of tax
Who is a ‘workman’? – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/who-is-a-workman/article68456824.ece Clipped from: https://www.thehindubusinessline.com/business-laws/who-is-a-workman/article68456824.ece Supreme Court rules that mere absence of managerial powers is insufficient to confer ‘workman’ status In the case of Bharti Airtel vs
👌👌👌👌👌Corporate guarantee: A ‘yearly’ quandary – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/corporate-guarantee-a-yearly-quandary/article68456741.ece Clipped from: https://www.thehindubusinessline.com/business-laws/corporate-guarantee-a-yearly-quandary/article68456741.ece Amendment threatens to dent the working capital of businesses offering corporate guarantees to related parties The 53rd Goods and Services Tax (GST)
Create, register partition deed for legally binding property division | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/create-register-partition-deed-for-legally-binding-property-division-124091800888_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/create-register-partition-deed-for-legally-binding-property-division-124091800888_1.html To make the division legally binding, the partition deed must be registered with the relevant authority Photo: Shutterstock The Supreme Court ruled
👌👌👌Some caveats to job creation claims – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/some-caveats-to-job-creation-claims/article68626940.ece Clipped from: https://www.thehindubusinessline.com/opinion/some-caveats-to-job-creation-claims/article68626940.ece Most of the jobs have been created in agriculture and ‘self-employment’ in the informal sector In recent times, the Centre has claimed
Nearly 62,000 cases pending in High Courts over 30 years old, shows data | India News – Business Standard
https://www.business-standard.com/india-news/nearly-62-000-cases-pending-in-high-courts-over-30-years-old-shows-data-124090700328_1.html lipped from: https://www.business-standard.com/india-news/nearly-62-000-cases-pending-in-high-courts-over-30-years-old-shows-data-124090700328_1.html According to the National Judicial Data Grid (NJDG), nearly 2.45 lakh cases are pending in high courts which are 20 to 30
MCA notifies new accounting standard Ind AS 117 on ‘insurance contracts’ – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/mca-notifies-new-accounting-standard-ind-as-117-on-insurance-contracts/article68525875.ece Clipped from: https://www.thehindubusinessline.com/economy/mca-notifies-new-accounting-standard-ind-as-117-on-insurance-contracts/article68525875.ece All eyes now on IRDAI for implementation; new accounting standard brings India closer to global standards on insurance accounting In a game-changing
👍👍👍Insurance-Understanding Trip Cancellation Coverage and Claim Process – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-understanding-trip-cancellation-coverage-and-claim-process/article68500736.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-understanding-trip-cancellation-coverage-and-claim-process/article68500736.ece This coverage reimburses one for pre-paid, non-refundable expenses such as flights, hotels and tour packages I booked a trip a few months
👍👍👍Bank deposit, locker holders can soon name up to 4 nominees – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/new-bill-to-amend-bank-laws-deposit-accounts-lockers-to-have-up-to-four-nominees/article68506240.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-bill-to-amend-bank-laws-deposit-accounts-lockers-to-have-up-to-four-nominees/article68506240.ece More number aimed at reducing unclaimed deposits with bank Soon, deposit holders or locker holders can name up to four persons as
Search for competition | Editorial Comment – Business Standard
https://www.business-standard.com/opinion/editorial/search-for-competition-124080601665_1.html Clipped from: https://www.business-standard.com/opinion/editorial/search-for-competition-124080601665_1.html Google ruling can have significant implications (Photo: Reuters) Listen to This Article A ruling by US judge Amit Mehta that Google has
Why you should not miss declaring a nominee for your investments | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/why-you-should-not-miss-declaring-a-nominee-for-your-investments-124080601081_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/why-you-should-not-miss-declaring-a-nominee-for-your-investments-124080601081_1.html Filing a nominee is a crucial step in ensuring that your hard-earned money reaches the right hands without unnecessary delays or legal
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