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Blog, News, Account & Audit

April 22, 2025

Accounting Treatment of Discounts, Bonuses and Rebates in Inventory Valuation as per Ind AS Framework

This document covers the accounting … Continue reading “Accounting Treatment of Discounts, Bonuses and Rebates in Inventory Valuation as per Ind AS Framework”

Blog, News, Income Tax

April 22, 2025

[Opinion] Welcome Changes Providing Clarity for Computing Total Undisclosed Income in Search Cases

V K Subramani – [2025] … Continue reading “[Opinion] Welcome Changes Providing Clarity for Computing Total Undisclosed Income in Search Cases”

Blog, News, GST & Customs

April 21, 2025

Govt. Clarifies That No Proposal to Levy GST on UPI Transactions Above ₹2,000 | Press Release

Press Release dated April 18th, … Continue reading “Govt. Clarifies That No Proposal to Levy GST on UPI Transactions Above ₹2,000 | Press Release”

Blog, News, Account & Audit

April 21, 2025

Disclosure Requirements Under Ind AS 24 for Aggregating vs. Separately Reporting Related Party Transactions

When it comes to financial … Continue reading “Disclosure Requirements Under Ind AS 24 for Aggregating vs. Separately Reporting Related Party Transactions”

Blog, News, GST & Customs

April 21, 2025

Mere Communication Suggesting Tax Payment After Summons Does Not Amount to Initiation of Demand Proceedings | HC

Case Details: Trinity Clean Tech … Continue reading “Mere Communication Suggesting Tax Payment After Summons Does Not Amount to Initiation of Demand Proceedings | HC”

Blog, News, Competition Law

April 21, 2025

HC Affirms CCI’s Stand; Petitioners Can Refile u/s 19(1)(a) as DTCP’s Act Contradicted Interim Order on Development Charges

Case Details: ILD Housing Projects … Continue reading “HC Affirms CCI’s Stand; Petitioners Can Refile u/s 19(1)(a) as DTCP’s Act Contradicted Interim Order on Development Charges”

Blog, News, Income Tax

April 21, 2025

CBDT Directed to Act Against Officials for Re-Transfer of Case Ignoring Ongoing Proceedings | HC

Case Details: 52 Weeks Entertainment … Continue reading “CBDT Directed to Act Against Officials for Re-Transfer of Case Ignoring Ongoing Proceedings | HC”

News, Blog, Income Tax

April 21, 2025

HC Slams ITAT for Restricting Disallowance to 3% of Bogus Purchases; Restores AO’s Order

Case Details: Principal Commissioner of … Continue reading “HC Slams ITAT for Restricting Disallowance to 3% of Bogus Purchases; Restores AO’s Order”

News, Blog, GST & Customs

April 20, 2025

ITC Not Available on Repair & Maintenance Services Received for Diving Support and Security Patrol Vessel Used for Non-Transport Purposes | AAAR

Case Details: Sikka Ports & … Continue reading “ITC Not Available on Repair & Maintenance Services Received for Diving Support and Security Patrol Vessel Used for Non-Transport Purposes | AAAR”

Blog, News, GST & Customs

April 20, 2025

Bail to Be Denied as Court Found Prima Facie Evidence of Fraud Through Fictitious Firms and Bogus Transport Document

Case Details: Vineet Jain vs. … Continue reading “Bail to Be Denied as Court Found Prima Facie Evidence of Fraud Through Fictitious Firms and Bogus Transport Document”