News

News, Blog, Account & Audit

May 17, 2024

CARO 2020 | Summary of Observations Identified and Guidance Provided by QRB of ICAI

Quality Review Board (QRB) of … Continue reading “CARO 2020 | Summary of Observations Identified and Guidance Provided by QRB of ICAI”

Blog, News, GST & Customs

May 17, 2024

Petitioner’s GST Registration Was Suspended as Firm Was Found Locked During GSTI Visit | HC Directed Competent Authority to Decide the Matter

Case Details: Balaji Trading Co. … Continue reading “Petitioner’s GST Registration Was Suspended as Firm Was Found Locked During GSTI Visit | HC Directed Competent Authority to Decide the Matter”

Blog, News, Income Tax

May 17, 2024

No Question of Law Arises if Assessee Failed to Establish Basic Ingredients Required to Be Established u/s 68 | HC

Image Case Details: Balgopal Merchants … Continue reading “No Question of Law Arises if Assessee Failed to Establish Basic Ingredients Required to Be Established u/s 68 | HC”

Blog, News, FEMA & Banking

May 17, 2024

ED’s Prosecution Complaint Filed Within 90 Days of the Attachment Order is Valid as Per Amended Section 8 of PMLA

Image Case Details: Yashovardhan Birla … Continue reading “ED’s Prosecution Complaint Filed Within 90 Days of the Attachment Order is Valid as Per Amended Section 8 of PMLA”

Blog, News, FEMA & Banking

May 17, 2024

RBI Holds a Conference for Heads of NBFCs’ Assurance Functions to Maintain Constant Vigil Against Potential Risks

Image Press Release No. 2024-2025/307; … Continue reading “RBI Holds a Conference for Heads of NBFCs’ Assurance Functions to Maintain Constant Vigil Against Potential Risks”

News, Blog, Income Tax

May 17, 2024

[Opinion] Should Interest from Land Acquisition Compensation be Considered Under Section 56(2)(viii)?

CA Mukesh Kohli – [2024] … Continue reading “[Opinion] Should Interest from Land Acquisition Compensation be Considered Under Section 56(2)(viii)?”

Blog, News, GST & Customs

May 16, 2024

HC Quashed Order and Remanded Matter as No Reasons Were Recorded for Rejecting Contentions of Assessee

Case Details: Resulticks Digitals India … Continue reading “HC Quashed Order and Remanded Matter as No Reasons Were Recorded for Rejecting Contentions of Assessee”

Blog, News, GST & Customs

May 16, 2024

Amount Debited From Electronic Cash and Credit Ledgers Before Expiry of Statutory Period for Filing Appeal to Be Refunded | HC

Case Details: Tvl. Cargotec India … Continue reading “Amount Debited From Electronic Cash and Credit Ledgers Before Expiry of Statutory Period for Filing Appeal to Be Refunded | HC”

Blog, News, Income Tax

May 16, 2024

[Opinion] Claim Section 54 Benefit for Interior Decoration

Meenakshi Subramaniam – [2024] 162 … Continue reading “[Opinion] Claim Section 54 Benefit for Interior Decoration”

Blog, News, International Tax

May 16, 2024

Educating a Person With Respect to Functionality of Software Doesn’t Amount to Rendering of Technical Service | ITAT

Case Details: Openwave Mobility, Inc. … Continue reading “Educating a Person With Respect to Functionality of Software Doesn’t Amount to Rendering of Technical Service | ITAT”