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Blog, News, GST & Customs

October 14, 2022

Supplier can’t give extra grammage of product instead of reducing prices for passing benefit to consumers: Delhi HC

Case Details: L’Oreal India (P.) … Continue reading “Supplier can’t give extra grammage of product instead of reducing prices for passing benefit to consumers: Delhi HC”

News, Blog, Income Tax

October 14, 2022

Sec. 68 additions justified as donors confirmed that they arranged gifts on receipt of commission: Madras HC

Case Details: P.R.Ganapathy v. DCIT … Continue reading “Sec. 68 additions justified as donors confirmed that they arranged gifts on receipt of commission: Madras HC”

Blog, News, FEMA & Banking

October 14, 2022

RBI mandates disclosures of details of divergence in asset classification & provisioning for Primary UCBs

Circular No. RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23, dated: … Continue reading “RBI mandates disclosures of details of divergence in asset classification & provisioning for Primary UCBs”

Blog, News, FEMA & Banking

October 14, 2022

Total Assets of all NBFCs in a group to be aggregated for middle layer classification: RBI

Circular No. RBI/2022-23/129 DOR.CRE.REC.No.78/03.10.001/2022-23, Dated: … Continue reading “Total Assets of all NBFCs in a group to be aggregated for middle layer classification: RBI”

News, Blog, FEMA & Banking

October 14, 2022

RBI allows ARCs to act as resolution applicants under IBC

CIRCULAR No. RBI/2022-23/128 DOR.SIG.FIN.REC.75/26.03.001/2022-23, Dated: … Continue reading “RBI allows ARCs to act as resolution applicants under IBC”

Blog, News, Income Tax

December 24, 2024

No Equalisation levy on sum paid to ‘Google’ for Ads if target audience is located outside India: ITAT

Case Details: DCIT v. Prakash … Continue reading “No Equalisation levy on sum paid to ‘Google’ for Ads if target audience is located outside India: ITAT”

Blog, News, Income Tax

October 12, 2022

CBDT amends definition of ‘non-reporting financial institution’ for purpose of reporting under FATCA

Notification no. 112/2022, dated 07-10-2022 … Continue reading “CBDT amends definition of ‘non-reporting financial institution’ for purpose of reporting under FATCA”

Blog, News, FEMA & Banking

October 12, 2022

RBI issues prudential regulations and other instructions to be followed by SPDs carrying foreign exchange activities

Circular No. RBI/2022-23/127 DOR.FIN.REC.No.73/03.10.117/2022-23, dated: … Continue reading “RBI issues prudential regulations and other instructions to be followed by SPDs carrying foreign exchange activities”

Blog, News, Company Law

October 12, 2022

Shri Ananth Narayan Gopalakrishnan takes charge as a Whole Time Member of SEBI

Press Release no. 31/2022, dated: … Continue reading “Shri Ananth Narayan Gopalakrishnan takes charge as a Whole Time Member of SEBI”

News, Blog, GST & Customs

October 12, 2022

Reply to SCN to be considered even if sent by post and not through portal: Madras HC

Case Details: Asia (Chennai) Engineering … Continue reading “Reply to SCN to be considered even if sent by post and not through portal: Madras HC”