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Blog, News, Income Tax

December 1, 2022

Gold wastage during creation of ornaments can’t be treated as ‘making charges’

Case Details: P.R. Gold and … Continue reading “Gold wastage during creation of ornaments can’t be treated as ‘making charges’”

Blog, News, Insolvency and Bankruptcy Code

December 1, 2022

NCLT rightly rejected the claim application filed belatedly at end of liquidation by the appellant (EPFO): NCLAT

Case Details: Regional Provident Fund … Continue reading “NCLT rightly rejected the claim application filed belatedly at end of liquidation by the appellant (EPFO): NCLAT”

Blog, News, Company Law

December 1, 2022

SEBI decides to introduce a similar credit rating based single issuer limit for actively managed mutual fund schemes

Circular No. SEBI/HO/IMD/IMD-1 DOF2/P/CIR/2022/164, Dated … Continue reading “SEBI decides to introduce a similar credit rating based single issuer limit for actively managed mutual fund schemes”

Blog, News, FEMA & Banking

November 30, 2022

Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case

Case Details: Rana Kapoor v. … Continue reading “Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case”

Blog, News, GST & Customs

November 30, 2022

Where no reason was mentioned in SCN for cancellation of GST registration, HC set aside order for cancellation

Case Details: Balaji Enterprises v. … Continue reading “Where no reason was mentioned in SCN for cancellation of GST registration, HC set aside order for cancellation”

Blog, News, GST & Customs

November 30, 2022

CBIC issues instructions providing manner of processing & sanctioning refunds of IGST paid by risky exporters

Instruction No. 04/2022, dated 28-11-2022 … Continue reading “CBIC issues instructions providing manner of processing & sanctioning refunds of IGST paid by risky exporters”

Blog, News, Income Tax

November 30, 2022

Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC

Case Details: PCIT v. Padma … Continue reading “Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC”

Blog, News, Income Tax

November 30, 2022

[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263

Amit Kumar Gupta – [2022] … Continue reading “[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263”

News, Blog, Account & Audit

November 30, 2022

[Illustrative Checklist] Disclosure requirements under Ind AS 1 | Presentation of Financial Statements

Ind AS 1, Presentation of … Continue reading “[Illustrative Checklist] Disclosure requirements under Ind AS 1 | Presentation of Financial Statements”

Blog, News, FEMA & Banking

November 30, 2022

RBI announces the launch of the first pilot for retail digital Rupee currency

Press Release: 2022-2023/1275, Dated 29.11.2022 … Continue reading “RBI announces the launch of the first pilot for retail digital Rupee currency”