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Blog, News, GST & Customs

October 15, 2022

Amendment in Standard Input Output Norms (SION) of Chemical & Allied Product: Public Notice

Public Notice 30/2015-2020 dated October … Continue reading “Amendment in Standard Input Output Norms (SION) of Chemical & Allied Product: Public Notice”

Blog, News, GST & Customs

October 15, 2022

Bombay HC imposed cost on Revenue for SCN issued & order passed without any application of mind

Case Details: Sheetal Dilip Jain … Continue reading “Bombay HC imposed cost on Revenue for SCN issued & order passed without any application of mind”

News, Blog, Income Tax

October 15, 2022

Employee’s contribution to ESI/PF paid before filing of ITR not deductible: SC

Case Details: Checkmate Services (P.) … Continue reading “Employee’s contribution to ESI/PF paid before filing of ITR not deductible: SC”

Blog, News, FEMA & Banking

October 14, 2022

RBI issues consolidated guidelines on unhedged foreign currency exposures

Circular No. RBI/2022-23/131 DOR.MRG.REC.76/00-00-007/2022-23, dated: … Continue reading “RBI issues consolidated guidelines on unhedged foreign currency exposures”

Blog, News, GST & Customs

October 14, 2022

No violation of natural justice for not providing certified copies of material seized if not requested by assessee: HC

Case Details: Umar Iron Mart … Continue reading “No violation of natural justice for not providing certified copies of material seized if not requested by assessee: HC”

Blog, News, Income Tax

October 14, 2022

[Opinion] Analysis of Delhi HC’s ruling upholding validity of re-assessment notice for AY 2013-14

1. In respect of cases … Continue reading “[Opinion] Analysis of Delhi HC’s ruling upholding validity of re-assessment notice for AY 2013-14”

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”