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Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

NCLT Rejected Re-Filing of Insolvency Petition by FC, as AA Did Not Allow Re-Filing Post-Settlement Failure

Case Details: Subham Capital (P.) … Continue reading “NCLT Rejected Re-Filing of Insolvency Petition by FC, as AA Did Not Allow Re-Filing Post-Settlement Failure”

Blog, News, FEMA & Banking

December 26, 2024

ED Couldn’t Deny NOCs for Remitting Funds Abroad Based on Mere FEMA Summons; Clear Proof of Contravention Was Required | HC

Case Details: Times Internet Ltd. … Continue reading “ED Couldn’t Deny NOCs for Remitting Funds Abroad Based on Mere FEMA Summons; Clear Proof of Contravention Was Required | HC”

News, Blog, GST & Customs

December 26, 2024

Denial of ITC Justified as Assessee Claimed Higher Amount in GSTR-3B Than Available in GSTR-2A; HC Dismissed Writ

Case Details: Laxmi Telecom vs. … Continue reading “Denial of ITC Justified as Assessee Claimed Higher Amount in GSTR-3B Than Available in GSTR-2A; HC Dismissed Writ”

Blog, News, GST & Customs

December 26, 2024

Demand Order to Be Set Aside as It Was Non-Speaking and Didn’t Make Any Reference of Notification Taking Away Exemption Benefit | HC

Case Details: Smt Angoori Devi … Continue reading “Demand Order to Be Set Aside as It Was Non-Speaking and Didn’t Make Any Reference of Notification Taking Away Exemption Benefit | HC”

Blog, News, Income Tax

December 26, 2024

[Opinion] Non-Convertible Debentures – Tax & Company Law Aspects

CA Rohan Sogani & Samriddhi … Continue reading “[Opinion] Non-Convertible Debentures – Tax & Company Law Aspects”

Blog, News, Income Tax

December 26, 2024

CBDT Directed to Extend Due Date for e-Filing of ITR Due to Issues With New Utility Affecting Sec. 87A Rebate | HC

Case Details: Chamber of Tax … Continue reading “CBDT Directed to Extend Due Date for e-Filing of ITR Due to Issues With New Utility Affecting Sec. 87A Rebate | HC”

News, Blog, Account & Audit

December 26, 2024

ICAI to Establish 11 Centres of Excellence to Enhance Global Leadership in Accounting and Auditing

ICAI plans to set up … Continue reading “ICAI to Establish 11 Centres of Excellence to Enhance Global Leadership in Accounting and Auditing”

Blog, News, Account & Audit

December 26, 2024

NFRA Penalized and Debarred Auditors for Misreporting Guarantees and Negligence in Loans

On December 23, 2024, NFRA … Continue reading “NFRA Penalized and Debarred Auditors for Misreporting Guarantees and Negligence in Loans”

Blog, News, Account & Audit

December 26, 2024

NFRA Imposes ₹2 Crore Penalty for Audit Lapses and Red Flags in Financial Accounts, Debars 2 Partners

On December 23, 2024, NFRA … Continue reading “NFRA Imposes ₹2 Crore Penalty for Audit Lapses and Red Flags in Financial Accounts, Debars 2 Partners”

Blog, News, Account & Audit

December 26, 2024

ICAI to Set International Networking Norms for CA Firms by Year-End

ICAI plans to finalize international … Continue reading “ICAI to Set International Networking Norms for CA Firms by Year-End”