Interest income earned by co-operative society on investments with co-operative banks/institutions, would be entitled for claim of deduction under section 80P(2)(a)(i). ... Read more..

Where books of account of assessee-company were subjected to audits, ad hoc disallowance made by AO in respect of expenses incurred on incentives paid to sales staff, by not specifically assigning any ... Read more..

Interest income earned by a co-operative society on FDs with co-operative banks/scheduled banks partakes character of business income, which is eligible for deduction under section 80P(2)(a)(i)/80P(2) ... Read more..

Where assessee was not given opportunity of hearing before passing the order of reversal of transitional input tax credit, the same was against the principles of natural justice. ... Read more..

Where assessment order was passed against the assessee without considering the detailed reply submitted by it, the said order was cryptic and was liable to be set aside. ... Read more..

Where assessee could not file response to the show cause notice within the stipulated time period due to serious illness of her husband, the impugned assessment order was liable to be set aside. ... Read more..

If the default is committed prior to section 10A period and continues in section 10A period, this statutory provision does not put any bar on the initiation of CIRP proceedings. ... Read more..

CA failed to exercise due diligence in conduct of professional duties while certifying information in Form 10DA and also did not obtain sufficient appropriate evidence with regard to compliance of con ... Read more..

Auditor committed professional misconduct by not submitting audit files and related documentation to NFRA and by not responding to SCN issued by NFRA under section 132(4), in exercise of powers vested ... Read more..