The Gujarat High Court held that information seized from a third party without a direct nexus to the petitioners cannot ...

Bombay High Court quashed and set aside Form SVLDRS 3 demanding amount under arrears category and directed department to determine the correct amount considering the declaration filed under Litigation ...

ITAT Chennai held that since there was sufficient own funds to make investment/advances to its subsidiary, the interest disallowance under section 36(1)(iii) was not warranted. Accordingly, AO ...

Appeal challenging non-disclosure of pay, allowances, and travel guidelines was dismissed, as the information was already ...

ITAT Hyderabad rules that gross sale proceeds of capital assets cannot be treated as taxable income without allowing cost of acquisition. Tribunal orders reassessment to compute correct capital gains, ...

The RBI has introduced comprehensive KYC Directions for payments banks to enhance AML and CFT compliance. The guidelines align operations with FATF standards and mandate stricter customer ...

Court held that exemption under Section 10(23BBA) applies only to bodies constituted under State enactments, not to temples or deities whose income is separately taxable. Temples must seek relief ...

SEBI broadened the definition of institutional investors to include large family trusts and high-net-worth intermediaries. The amendment strengthens eligibility norms and supports deeper institutional ...

The ROC penalised the company and directors for failing to file AOC-4 for FY 2019. Maximum statutory penalties were imposed ...

The ROC Mumbai penalised a company and its director for an error in Form AOC-4 relating to consolidated financial statements.

The Tribunal held that CIT(A) misinterpreted a VSVS 2020 declaration for penalty as covering quantum, dismissing the appeal ...

The ROC penalised the company and directors for not filing AOC-4 for FY 2017-18. With no response to notices, the maximum ...