1 .Failure of the Assessing Officer to issue Income Tax scrutiny notice in time couldn’t be cured by resorting to sec. 292BB 2. No Income addition can be done against the fictitious entry in the books of accounts. There was an interesting case before ITAT Delhi in the case of DCIT Vs Glass Tech […]
1. UDIN Updation has been enabled for Form 3CB-3CD on Income Tax Portal. The Last Date to Update UDIN is April 30, 2022. 2. Sebi announced formation of two working groups to review the role and eligibility of a sponsor of a mutual fund. The first group will look at an alternative set […]
1. CBDT notified the procedure of inaction of PAN via a notification dated March 29, 2022, as well as a press release on March 30, 2022. The Finance Act of 2021 added a new section 234H to the Act to complete the PAN-Aadhaar connecting procedure for detecting fake PANs. 2. […]