High Court Condones 1,797-Day Delay Caused by CA’s Inadvertent Error and Restores Tax Exemption Appeal High Court Condones 1,797-Day Delay Caused by CA’s Inadvertent Error and Restores Tax Exemption Appeal Issue Whether an inordinate delay of 1,797 days in filing an appeal before the CIT(A) should be condoned and restored for hearing on merits when… Read More »
ITAT Rules Indian PE Interest Income, Shared Hub Costs, and MTM Losses Non-Taxable or Deductible ITAT Rules Indian PE Interest Income, Shared Hub Costs, and MTM Losses Non-Taxable or Deductible Issue Whether interest credited by Head Office, shared regional hub expenses, broken period interest, expatriate salary reimbursements, year-end Mark-to-Market (MTM) losses on forex contracts, and… Read More »
Opening WDV depreciation, advance subscription revenue, and inherited slump sale interest cannot be disallowed. Issue Depreciation on Intangibles: Whether depreciation can be denied on the opening Written Down Value (WDV) of a block of intangible assets under Section 43(6)(c) when it was duly examined and allowed in the preceding assessment year. Accrual of Advance Revenue:… Read More »
Once DTVS Scheme declaration is accepted and Form 2 issued, CIT(A) must defer proceedings and dismiss appeal as withdrawn upon Form 4 issuance Issue Whether the CIT(A)/NFAC can adjudicate an appeal on merits and remand the matter to the Assessing Officer when the assessee has already settled the dispute under the Direct Tax Vivad se… Read More »
In the absence of new material facts, the principle of consistency applies and school’s surplus cannot be assessed separately when integrated into the parent board’s accounts. Issue Whether the surplus/income of a school can be separately assessed in its hands under Section 144 of the Income-tax Act, 1961, when it claims to be part of… Read More »
CSB Bank Central KYC Individual Customer Profile Form for authorised signatories/ beneficial owners CSB Bank Central KYC Individual Customer Profile Form for authorised signatories/ beneficial owners from Download Here are the key points from the CSB Bank Central KYC (CKYC) Individual Customer Profile Form: Core Rules & Instructions One Form Per Person: A separate, unique… Read More »
CSB Bank Account Opening CA/SA and Customer Profile Form for Non Individuals CSB Bank Account Opening CA/SA and Customer Profile Form for Non Individuals from Download Here are the key points from the CSB Bank Account Opening & Customer Profile Form for Non-Individuals: Entity Profile & Tax Classification Entity Types: Covers legal structures like… Read More »
CSB Bank Resident Account Opening- MITC CASA_R_2026 CSB Bank Resident Account Opening- MITC CASA_R_2026 from Download Here are the key points from the CSB Bank Most Important Terms & Conditions (MITC) for accounts opened via digital mode: Account Usage & Balances Personal Use Only: Accounts must be strictly used for personal, non-business, and non-commercial transactions.… Read More »
CSB Bank FATCA/CRS Self Declaration Form For All Individual Customers CSB Bank FATCA/CRS Self Declaration Form For All Individual Customers from Download Here are the key points from the CSB Bank FATCA/CRS Self-Declaration Form: Purpose & Compliance Tax Regulations: Form collects data to comply with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting… Read More »
CSB Bank Resident Savings Bank/Current Account Opening Form for Individual(s) CSB Bank Resident Savings Bank/Current Account Opening Form for Individual(s) from Download Here are the key points from the CSB Bank Account Opening Form: Form Overview Target Audience: Resident individuals looking to open a savings or current account. Mandatory Rules: Must be filled in block… Read More »