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Blog, News, Account & Audit

November 28, 2023

Accounting Treatment for Upfront Payment Made Towards Hooking-Up Charges for Using a Facility

A company has entered into … Continue reading “Accounting Treatment for Upfront Payment Made Towards Hooking-Up Charges for Using a Facility”

Blog, News, Company Law

November 28, 2023

SEBI’s Bold Moves | A Paradigm Shift With Key Reforms for Not-for-Profit Organizations (NPOs), REITs, and AIFs

In its 203rd Board Meeting … Continue reading “SEBI’s Bold Moves | A Paradigm Shift With Key Reforms for Not-for-Profit Organizations (NPOs), REITs, and AIFs”

News, Blog, GST & Customs

November 28, 2023

Maximum Penalty of Rs. 10,000 Shall be Levied for Delay in Payment of Tax Amount; Penalty u/s 122 to be Set Aside | HC

Case Details: Clear Secured Services … Continue reading “Maximum Penalty of Rs. 10,000 Shall be Levied for Delay in Payment of Tax Amount; Penalty u/s 122 to be Set Aside | HC”

Blog, News, GST & Customs

November 28, 2023

[Opinion] Why Reversal of ITC for the Tax Period from 01-07-2017 to 01-10-2022, When Supplier Has Not Paid to Government

S.V.S. Raghavendra Rao & S.V.S.N. … Continue reading “[Opinion] Why Reversal of ITC for the Tax Period from 01-07-2017 to 01-10-2022, When Supplier Has Not Paid to Government”

News, Blog, FEMA & Banking

November 28, 2023

Section 13(10) of SARFAESI Act Can’t Be Considered as a Remedy Independent of RDB Act, Rules Delhi HC

Case Details: 156 taxmann.com 635 … Continue reading “Section 13(10) of SARFAESI Act Can’t Be Considered as a Remedy Independent of RDB Act, Rules Delhi HC”

Blog, News, Income Tax

November 28, 2023

Order Passed by CIT u/s 119 Can’t be Filed Before ITAT as it isn’t Listed u/s 253(1) as an Appealable Order

Case Details: Shrishti Institute of … Continue reading “Order Passed by CIT u/s 119 Can’t be Filed Before ITAT as it isn’t Listed u/s 253(1) as an Appealable Order”

Blog, News, Income Tax

November 28, 2023

Payment for Processing of Milk into Milk Products is Subject to TDS u/s 194C, Not Sec. 194J | Gujarat HC

Case Details: PCIT vs. Maahi … Continue reading “Payment for Processing of Milk into Milk Products is Subject to TDS u/s 194C, Not Sec. 194J | Gujarat HC”

Blog, News, Account & Audit

November 27, 2023

NFRA Debars Auditor for Not Issuing “Adverse Opinion” on CFS for Non-consolidation of Material Subsidiary

On receipt of information from … Continue reading “NFRA Debars Auditor for Not Issuing “Adverse Opinion” on CFS for Non-consolidation of Material Subsidiary”

Blog, News, GST & Customs

November 27, 2023

HC Directed Assessee to File Reply to SCN Who Failed to File ITC-02 Electronically Due to Non-availability on Portal

Case Details: Tikona Infinet (P.) … Continue reading “HC Directed Assessee to File Reply to SCN Who Failed to File ITC-02 Electronically Due to Non-availability on Portal”

Blog, News, GST & Customs

November 27, 2023

Order Passed Without Hearing & Order-in-appeal Passed Without Considering Condonation Application are not Sustainable | HC

Case Details: Ramji Kirana Store … Continue reading “Order Passed Without Hearing & Order-in-appeal Passed Without Considering Condonation Application are not Sustainable | HC”