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Blog, News, International Tax

October 27, 2022

[World Tax News] UK scraps all planned tax cuts

Editorial Team – [2022] 143 … Continue reading “[World Tax News] UK scraps all planned tax cuts”

Blog, News, International Tax

October 22, 2022

Sale of online advt. space by NR can’t be characterized as royalty; ITAT justified levy of EL on ‘Google’

Case Details: Google India Private … Continue reading “Sale of online advt. space by NR can’t be characterized as royalty; ITAT justified levy of EL on ‘Google’”

Blog, News, FEMA & Banking

October 22, 2022

RBI notifies Draft Master Direction on Information Technology, Governance, Risk, Controls and Assurance Practices

Press Release no. 2022-2023/1072, dated: … Continue reading “RBI notifies Draft Master Direction on Information Technology, Governance, Risk, Controls and Assurance Practices”

News, Blog, GST & Customs

October 22, 2022

Order of provisional attachment not sustainable if passed without recording opinion & referring to tangible material: HC

Case Details: Varun Gupta v. … Continue reading “Order of provisional attachment not sustainable if passed without recording opinion & referring to tangible material: HC”

News, Blog, Company Law

October 22, 2022

Consequences of exercising borrowing power before filing the declaration of commencement of business – A Case Study

1. Financial statements and their … Continue reading “Consequences of exercising borrowing power before filing the declaration of commencement of business – A Case Study”

News, Blog, Income Tax

October 22, 2022

Apex Court interprets definition of ‘Charitable Purpose’ used in Sec. 2(15) for tax exemption

Case Details: ACIT(exemption) v. Ahmedabad … Continue reading “Apex Court interprets definition of ‘Charitable Purpose’ used in Sec. 2(15) for tax exemption”

Blog, News, Competition Law

October 22, 2022

CCI imposes a monetary penalty of Rs. 1337.76 crore on Google for anti-competitive practices

Press Release no. 55/2022-23, dated: … Continue reading “CCI imposes a monetary penalty of Rs. 1337.76 crore on Google for anti-competitive practices”

Blog, News, GST & Customs

October 22, 2022

Amendment to RCs to disallow inter-state HSD purchase without issuing SCN to be set aside: HC

Case Details: Sunil Kumar Agrawal … Continue reading “Amendment to RCs to disallow inter-state HSD purchase without issuing SCN to be set aside: HC”

Blog, News, Account & Audit

October 22, 2022

Accounting treatment of dredging and shoal expenditure at the riverbank for ensuring water supply to the refinery

Para 16 of Ind AS … Continue reading “Accounting treatment of dredging and shoal expenditure at the riverbank for ensuring water supply to the refinery”

Blog, News, FEMA & Banking

October 22, 2022

SGBs 2017–18 (Series IV) can be redeemed prematurely at Rs. 5028 per unit: RBI

Press Release: 2022-2023/1077, dated: 20.10.2022 … Continue reading “SGBs 2017–18 (Series IV) can be redeemed prematurely at Rs. 5028 per unit: RBI”