CBDT notifies Form 6D for furnishing of ‘Inventory Valuation Report’ under section 142(2A) relating to special audit.
Notification No. 82/2023, dated 27-9-2023.
AO rightly imposed penalty under Black Money Act for non-disclosure of foreign assets in Schedule FA of ITR.
Ms. Shobha Harish Thawani v. JCIT – [2023] 154 taxmann.com 564 (Mumbai – Trib.).
Sec. 245C – Application for Settlement of Cases – There is no bar on declaring income discovered by AO in settlement application made to Settlement Commission.
Kotak Mahindra Bank Ltd. v. CIT – [2023] 154 taxmann.com 545 (SC).
CBDT amends Rule 11UA incorporating new valuation methods; including norms for valuing compulsory convertible preference shares (CCPS).
Notification No. 81/2023, dated 25-9-2023.
CBDT notifies NBFCs classified into Top, Upper and Middle layers for the purpose of Sec. 43B and Sec. 43D.
Notification No. 79/2023 & Notification No. 80/2023, dated 22-9-2023.
TRAI releases Pre-Consultation Paper on inputs for formulation of ‘National Broadcasting Policy’.
Government comes out with a new set of National Awards in the field of Science, Technology and Innovation known as ‘Rashtriya Vigyan Puraskar’.
Serious Fraud Investigation Office (SFIO) arrests Chartered Accountant in Hyderabad for role during demonetisation.
Lok Sabha passes Constitution Amendment Bill to provide reservation to women of, as nearly as may be, one third of the total seats, in Lok Sabha, State Assemblies and Legislative Assembly of NCT of Delhi.
Bill No. 124-C of 2023.
Sec. 138 of Negotiable Instruments Act – In exceptional case, HC can suspend sentence for cheque bounce without insisting on minimum 20 per cent deposit as required under section 148 of NI Act.
Jamboo Bhandari v. M.P. State Industrial Development Corporation Ltd. – [2023] 154 taxmann.com 268 (SC).