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Blog, News, Account & Audit

November 14, 2024

NFRA Proposes Updates to SQC1, SQM 1, SQM 2, and SAs Aligned with Global Standards, Effective from April 2026

The National Financial Reporting Authority … Continue reading “NFRA Proposes Updates to SQC1, SQM 1, SQM 2, and SAs Aligned with Global Standards, Effective from April 2026”

Blog, News, GST & Customs

November 14, 2024

GSTN Advisory Regarding IMS During Initial Phase of Its Implementation

GSTN Update dated November 12th, … Continue reading “GSTN Advisory Regarding IMS During Initial Phase of Its Implementation”

Blog, News, Company Law

November 14, 2024

SEBI Simplifies Registration Process for Certain Foreign Portfolio Investors

Circular No. SEBI/HO/AFD/AFD-PoD-3/P/CIR/2024/156; Dated: 12.11.2024 … Continue reading “SEBI Simplifies Registration Process for Certain Foreign Portfolio Investors”

Blog, News, Income Tax

November 14, 2024

CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption

Notification No. 118/2024, dated 12-11-2024 … Continue reading “CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption”

News, Blog, GST & Customs

November 14, 2024

HC Overturned GST Registration Cancellation Order for Non-Payment of Dues Being Not a Valid Reason Under CGST Act

Case Details: Subhana Fashion v. … Continue reading “HC Overturned GST Registration Cancellation Order for Non-Payment of Dues Being Not a Valid Reason Under CGST Act”

Blog, News, Income Tax

November 14, 2024

No Sec. 28(iv) Additions If Assets Imported for Testing Were Returned or Destroyed by Assessee | ITAT

Case Details: Samsung R & … Continue reading “No Sec. 28(iv) Additions If Assets Imported for Testing Were Returned or Destroyed by Assessee | ITAT”

Blog, News, Company Law

November 14, 2024

HC Finds No Merit in Sec. 34 Plea as Arbitral Tribunal’s ‘Nil’ Award Rendered Claims Irrelevant After-Tax Demand Quash

Case Details: Naresh Kumar Bajaj … Continue reading “HC Finds No Merit in Sec. 34 Plea as Arbitral Tribunal’s ‘Nil’ Award Rendered Claims Irrelevant After-Tax Demand Quash”

News, Blog, GST & Customs

November 13, 2024

GST Registration to Be Restored as Assessee Deposited Amount to Comply with Rule 86B Requirements | HC

Case Details: Ujjwal Garg vs. … Continue reading “GST Registration to Be Restored as Assessee Deposited Amount to Comply with Rule 86B Requirements | HC”

Blog, News, GST & Customs

November 13, 2024

State GST Authority Can’t Initiate Proceedings If Central GST Authority Issued SCN on Same Matter

Case Details: Toyota Kirloskar Motor … Continue reading “State GST Authority Can’t Initiate Proceedings If Central GST Authority Issued SCN on Same Matter”

Blog, News, Income Tax

November 13, 2024

No Sec. 263 Revision If AO Allowed Sec. 10(23C) Exemption Based on Correct Appreciation of Facts and Law | ITAT

Case Details: Dr. Babasaheb Ambedkar … Continue reading “No Sec. 263 Revision If AO Allowed Sec. 10(23C) Exemption Based on Correct Appreciation of Facts and Law | ITAT”