Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal(ACIT v. Seven Seas Hospitality Pvt. Ltd., ITA Nos. 2225 & 2226/Del/2025, dated 14.11.2025)**1. BackgroundThe Re...
The Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014,
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 3rd November, 2025 G.S.R. 811(E).––– In exercise of the powers conferred by sections 173, 177, 178 and 186 read with section 469 of the Companies Act, 2013 (18 of 2013),...
Supreme Court Clarification on Eligibility of Chartered Accountants for ITAT Membership
Supreme Court has clarified that Chartered Accountants are eligible for appointment as Technical Members of the Income Tax Appellate Tribunal (ITAT) without the previously prescribed requirement of 25 years of experience under the Tribunal Reforms Ac...
Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]
Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]Section 158BE of the Income tax Act, 1961 provides the time-limit for completion of block assessment as 12 months from end of ...
Disallowance for marked-to-market loss [Section 40A(13)]
Disallowance for marked-to-market loss [Section 40A(13)] “Marked to market” (MTM) is an accounting and trading practice that updates an asset’s value to its current market price, rather than its original purchase (histori...