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Blog, News, Income Tax

April 19, 2022

Faceless Assessment: Retrospective repeal of Section 144B(9) – should be read down?

Manuj Sabharwal & Abhijeet Bhatt … Continue reading “Faceless Assessment: Retrospective repeal of Section 144B(9) – should be read down?”

News, Blog, Income Tax

April 19, 2022

Rule 11U doesn’t mandate that Balance Sheet should be audited on date of valuation of shares: ITAT

Case Details: Electra Paper and … Continue reading “Rule 11U doesn’t mandate that Balance Sheet should be audited on date of valuation of shares: ITAT”

Blog, News, GST & Customs

April 19, 2022

GST implications on year end provisions in books of accounts

Mohammad Salim – [2022] 137 … Continue reading “GST implications on year end provisions in books of accounts”

Blog, News, Insolvency and Bankruptcy Code

April 18, 2022

CIRP plea filed u/s 7 rejected when a new loan agreement was agreed to after restructuring it: NCLT

Case Details: Bank of Baroda … Continue reading “CIRP plea filed u/s 7 rejected when a new loan agreement was agreed to after restructuring it: NCLT”

Blog, News, Insolvency and Bankruptcy Code

April 18, 2022

Claim of interest income after 9 yrs when discovered in books was rightly rejected by AA: NCLAT

Case Details: Himalayan Crest Power … Continue reading “Claim of interest income after 9 yrs when discovered in books was rightly rejected by AA: NCLAT”

Blog, News, Income Tax

April 18, 2022

Retrospective Repeal of Section 144B(9): Opening Up of Pandora Box of Litigation?

Mayank Mohanka – [2022] 137 … Continue reading “Retrospective Repeal of Section 144B(9): Opening Up of Pandora Box of Litigation?”

Blog, News, Income Tax

April 18, 2022

Failure of AO to issue scrutiny notice in time couldn’t be cured by resorting to sec. 292BB: HC

Case Details: PCIT v. Cherian … Continue reading “Failure of AO to issue scrutiny notice in time couldn’t be cured by resorting to sec. 292BB: HC”

Blog, News, GST & Customs

April 18, 2022

Mere undervaluation of goods is not sufficient ground to detain goods or vehicle: HC

Case Details: Karnataka Traders v. … Continue reading “Mere undervaluation of goods is not sufficient ground to detain goods or vehicle: HC”

Blog, News, GST & Customs

April 18, 2022

Goods, Demat and Current A/C necessary for business can’t be provisionally attached: HC

Case Details: Arya Metacast (P.) … Continue reading “Goods, Demat and Current A/C necessary for business can’t be provisionally attached: HC”

News, Blog, GST & Customs

April 18, 2022

Issuance of consignment note is not sine-qua-non for a supplier of service to be considered as a GTA

Samyak Jain – [2022] 137 … Continue reading “Issuance of consignment note is not sine-qua-non for a supplier of service to be considered as a GTA”