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Blog, News, Income Tax

May 30, 2022

CBDT revises Procedures for Imposing Penalties under Faceless Penalty Scheme 2021

Notification No. 55/2022, dated 27-05-2022 … Continue reading “CBDT revises Procedures for Imposing Penalties under Faceless Penalty Scheme 2021”

News, Blog, Income Tax

May 30, 2022

CBDT notifies Faceless Penalty (Amendment) Scheme, 2022

Notification No. 54/2022, dated 27-05-2022 … Continue reading “CBDT notifies Faceless Penalty (Amendment) Scheme, 2022”

Blog, News, GST & Customs

May 30, 2022

Ocean Freight Reaches Destination Amid Choppy Waters

Dhruv Rastogi – [2022] 138 … Continue reading “Ocean Freight Reaches Destination Amid Choppy Waters”

Blog, News, GST & Customs

May 30, 2022

Advertisement Tax can’t be Levied & Collected from Multi System Operators: HC

Case Details: Den Networks Ltd. … Continue reading “Advertisement Tax can’t be Levied & Collected from Multi System Operators: HC”

Blog, News, Income Tax

May 28, 2022

Rule of Retrospectivity Ignored | Whether Judgment in Ashish Agarwal Per Incuriam?

Sanjay Bansal & Amit Parsad … Continue reading “Rule of Retrospectivity Ignored | Whether Judgment in Ashish Agarwal Per Incuriam?”

News, Blog, Income Tax

May 28, 2022

HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand

Case Details: Rajendra Kumar v. … Continue reading “HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand”

Blog, News, Insolvency and Bankruptcy Code

May 28, 2022

Fact that liquidation value is more than enterprise value couldn’t be a ground to liquidate a corporate debtor: NCLT

Case Details: Ramsarup Industries Ltd., … Continue reading “Fact that liquidation value is more than enterprise value couldn’t be a ground to liquidate a corporate debtor: NCLT”

Blog, News, FEMA & Banking

May 28, 2022

IFSC grants recognition to ‘NSE IFSC Clearing Corporation Limited’ for 1 year

Notification No. IFSCA/2020-21/NICCL/245, Notification No. … Continue reading “IFSC grants recognition to ‘NSE IFSC Clearing Corporation Limited’ for 1 year”

News, Blog, Company Law

May 28, 2022

[Case Study] Consequences of Non-filing of Statutory Auditor’s Resignation

[2022] 138 taxmann.com 458 (Article) … Continue reading “[Case Study] Consequences of Non-filing of Statutory Auditor’s Resignation”

Blog, News, Account & Audit

May 28, 2022

Restatement of Financial Statements and their Disclosure as per Ind AS 8

Where the financial statements of … Continue reading “Restatement of Financial Statements and their Disclosure as per Ind AS 8”