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News, Blog, Account & Audit

September 11, 2024

MCA Issues Companies (Indian Accounting Standards) Second Amendment Rules, 2024, Revising Ind AS 116

The Ministry of Corporate Affairs … Continue reading “MCA Issues Companies (Indian Accounting Standards) Second Amendment Rules, 2024, Revising Ind AS 116”

Blog, News, Account & Audit

September 11, 2024

NFRA Imposes Penalty on Auditor for Negligence in Audit of Financial Statements

In pursuant to the information … Continue reading “NFRA Imposes Penalty on Auditor for Negligence in Audit of Financial Statements”

News, Blog, Income Tax

September 10, 2024

[Opinion] Indian Union Budget 2024 | A Half-Hearted Boost to Healthcare

Jimit Shah – [2024] 166 … Continue reading “[Opinion] Indian Union Budget 2024 | A Half-Hearted Boost to Healthcare”

Blog, News, International Tax

September 10, 2024

LLC Incorporated in USA and Recognized as Separate Existence From Its Members Is Eligible for Treaty Benefit | ITAT

Case Details: General Motors Company … Continue reading “LLC Incorporated in USA and Recognized as Separate Existence From Its Members Is Eligible for Treaty Benefit | ITAT”

Blog, News, Account & Audit

September 10, 2024

Chartered Accountant Faces Dual Sanctions From NFRA Over Same Company Audit

1. Introduction The Chartered Accountant … Continue reading “Chartered Accountant Faces Dual Sanctions From NFRA Over Same Company Audit”

News, Blog, Insolvency and Bankruptcy Code

September 10, 2024

Moratorium Commences on First Financial Creditor’s Application, Regardless of Subsequent Registrations | NCLAT

Case Details: Sangita Arora v. … Continue reading “Moratorium Commences on First Financial Creditor’s Application, Regardless of Subsequent Registrations | NCLAT”

Blog, News, Competition Law

September 10, 2024

Govt. Specifies Criteria for Parties to Combination to Give Notice to CCI u/s 6(4) of the Act

Notification No. G.S.R 548(E); Dated: … Continue reading “Govt. Specifies Criteria for Parties to Combination to Give Notice to CCI u/s 6(4) of the Act”

Blog, News, Competition Law

September 10, 2024

MCA Notifies New ‘Competition Rules’ Exempting Certain Combinations From Disclosure and Timeline Requirements

Notification No. G.S.R. 549(E)., dated … Continue reading “MCA Notifies New ‘Competition Rules’ Exempting Certain Combinations From Disclosure and Timeline Requirements”

Blog, News, Competition Law

September 10, 2024

Govt. Exempts Acquisitions Below Rs 450 Cr Assets or Rs 1250 Cr Turnover From Competition Review

Notification No. G.S.R 547(E); Dated: … Continue reading “Govt. Exempts Acquisitions Below Rs 450 Cr Assets or Rs 1250 Cr Turnover From Competition Review”

Blog, News, GST & Customs

September 10, 2024

HC Remanded Matter as AO Failed to Consider Evidence That Invoice Value for Medicines Didn’t Include Taxes

Case Details: Erode Medical Centre … Continue reading “HC Remanded Matter as AO Failed to Consider Evidence That Invoice Value for Medicines Didn’t Include Taxes”