April 2023

Residence in India under section 6 of Income Tax Act 1961

For the purposes of this Act,— (1) An individual is said to be resident in India in any previous year, if he— (a) is in India in that year for a period or periods amounting in all to one hundred and eighty-two days or more ; or (b) [***] (c) having within the four years […]

Assessment of income of any other person under section 153C of Income Tax Act 1961

(1) Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs to; or (b) any books of account or documents, seized or requisitioned, pertains or pertain to, or any information contained therein, relates

More than 40.82 crore loans amounting to ₹23.2 lakh crore

More than 40.82 crore loans amounting to ₹23.2 lakh crore sanctioned under Pradhan Mantri MUDRA Yojana (PMMY) since inception The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015 by Prime Minister Shri Narendra Modi with the aim to facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small and

Appeal not disposed on merits Jaipur ITAT Order

ITA. No. 387/JP/2022 PER: RATHOD KAMLESH JAYANTBHAI, AM These two appeals are filed by the assessee aggrieved from the order of the National Faceless Appeal Centre, Delhi [ Here in ITA Nos. 387 & 388/JP/2022 Pramod Kasliwal, Jaipur vs. ITO, Jaipur after referred as NFAC ] for the assessment year 2017-18 dated 02/09/2022 which is arising out of

Order for penalty for violation of section 39(4) of the Companies Act, 2013

Appointment of Adjudication Officer:- The Ministry of Corporate Affairs vide its Gazette Notification No. A-42011/112/2014- Ad. II dated 24.03.2015 has appointed the undersigned as Adjudicating Officer in exercise of the powers conferred under section 454 of the Companies Act, 2013 (herein after known as Act) read with Companies (Adjudication of Penalties) Rules, 2014 for adjudging