Condonation of Delay in Filing Form 10 Must Be Allowed for First-Time E-Filing Oversights

By | August 11, 2026

Condonation of Delay in Filing Form 10 Must Be Allowed for First-Time E-Filing Oversights Condonation of Delay in Filing Form 10 Must Be Allowed for First-Time E-Filing Oversights Issue Whether the CIT (Exemptions) erred in rejecting the assessee-trust’s application under Section 119(2)(b) for condonation of delay in filing Form 10, thereby denying exemption under Section… Read More »

Share Premium Valuations Under Rule 11UA and Bona Fide Service Payments Are Non-Taxable Business Expenses

By | August 11, 2026

Share Premium Valuations Under Rule 11UA and Bona Fide Service Payments Are Non-Taxable Business Expenses Issue Whether tax authorities can reject a DCF valuation carried out under Rule 11UA for CCPS issued under Section 56(2)(viib), whether conversion of earlier CCPS into equity or unevidenced management fee reversals trigger additions, and whether service payments with assured… Read More »

A Registered Sale Deed Constitutes a Valid Transfer Under Section 2(47), Attracting Capital Gains Tax Despite Claims of Coercion

By | August 11, 2026

A Registered Sale Deed Constitutes a Valid Transfer Under Section 2(47), Attracting Capital Gains Tax Despite Claims of Coercion Issue Whether the execution of a registered sale deed constitutes a valid “transfer” under Section 2(47) attracting capital gains under Section 45 of the Income-tax Act, 1961, despite the assessee’s claims of non-receipt of consideration, coercion,… Read More »

Epublishing of assam rifles trades man group Cpostsre cruitment rules, 2026 in the gazette of India

By | August 10, 2026

Epublishing of assam rifles trades man group Cpostsre cruitment rules, 2026 in the gazette of India The Gazette of India CG-ML-E-08082026-275322 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 652] NEW DELHI, SATURDAY, AUGUST 8, 2026/SHRAVAN 17, 1948 MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 6th August, 2026 G.S.R. 716(E).— In exercise of… Read More »

Notification: Designation of Competent Officers for Compounding of Offences and Penalties

By | August 10, 2026

Notification: Designation of Competent Officers for Compounding of Offences and Penalties Publishing Notificatoin reg designating an officer for compounding the offence committed under sections 15 to 20 and designating an officer for compounding the penalty for contraventions under section 21 to 25 under the coastal shipping act 2025 The Gazette of India CG-DL-E-08082026-275308 EXTRAORDINARY PART… Read More »