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Blog, News, GST & Customs

September 9, 2022

Refurbishment cost not includible in purchase price under margin scheme: AAAR

Case Details: Tej Kumar Jain, … Continue reading “Refurbishment cost not includible in purchase price under margin scheme: AAAR”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2022

CIRP can be initiated u/s 7 of IBC against a corporate entity that has given a guarantee to secure the dues: SC

Case Details: K. Paramasivam v. … Continue reading “CIRP can be initiated u/s 7 of IBC against a corporate entity that has given a guarantee to secure the dues: SC”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2022

Limitation is to be counted from date of preparation of certified copy & not from date of delivery: NCLAT

Case Details: Wadhwa Rubber v. … Continue reading “Limitation is to be counted from date of preparation of certified copy & not from date of delivery: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

September 9, 2022

State is a secured creditor for tax purpose under Gujarat VAT Act: SC

Case Details: State tax officer … Continue reading “State is a secured creditor for tax purpose under Gujarat VAT Act: SC”

News, Blog, Income Tax

September 9, 2022

Sec. 80-IA relief can’t be denied just because assessee was referred to as contractor

Case Details: Akash Infra Projects … Continue reading “Sec. 80-IA relief can’t be denied just because assessee was referred to as contractor”

Blog, News, Income Tax

September 21, 2022

[Opinion] Does ‘Tax Audit’ u/s 44AB apply to Business Income of Charitable Trusts?

Dr. Manoj Fogla, CA Suresh … Continue reading “[Opinion] Does ‘Tax Audit’ u/s 44AB apply to Business Income of Charitable Trusts?”

Blog, News, Insolvency and Bankruptcy Code

September 8, 2022

Expression of OTS by corporate debtor amounts to an acknowledgement of debt, CIRP against guarantor was valid: NCLAT

Case Details: Bijay Kumar Agarwal … Continue reading “Expression of OTS by corporate debtor amounts to an acknowledgement of debt, CIRP against guarantor was valid: NCLAT”

Blog, News, FEMA & Banking

September 8, 2022

RBI issues List of entities not authorised to deal in forex and to operate e-trading platforms

RBI press release 2022-2023/835 dated … Continue reading “RBI issues List of entities not authorised to deal in forex and to operate e-trading platforms”

News, Blog, GST & Customs

September 8, 2022

GST payable on service charges for cash deposited by non-chest bank branches to Currency Chests; RBI clarifies

RBI/2022-23/112 DCM (NPD) No.S770/09.40.002/2022-23 dated … Continue reading “GST payable on service charges for cash deposited by non-chest bank branches to Currency Chests; RBI clarifies”

Blog, News, GST & Customs

September 8, 2022

CBIC issued clarification on new procedure of disposal of Seized Gold: Instruction

Instruction No. 22/2022-Customs dated September … Continue reading “CBIC issued clarification on new procedure of disposal of Seized Gold: Instruction”