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Blog, News, Insolvency and Bankruptcy Code

April 30, 2022

CIRP couldn’t be initiated against co-operative society as it is not a corporate person as per IBC

Case Details: Maharashtra State Co-operative … Continue reading “CIRP couldn’t be initiated against co-operative society as it is not a corporate person as per IBC”

Blog, News, Company Law

April 30, 2022

SEBI reduces the timelines for listing of units of REITs and InvITs to six working days

Circular No SEBI/HO/DDHS_Div3/P/CIR/2022/54, 55 Dated … Continue reading “SEBI reduces the timelines for listing of units of REITs and InvITs to six working days”

Blog, News, GST & Customs

April 30, 2022

Wrongly utilised ITC for export of goods should be re-credited if later paid back to Govt.:HC

Case Details: I-Tech Plast India … Continue reading “Wrongly utilised ITC for export of goods should be re-credited if later paid back to Govt.:HC”

Blog, News, GST & Customs

April 30, 2022

HC directed assessee to appeal to Appellate Authority against confiscated goods and vehicle in transit

Case Details: A K Enterprise … Continue reading “HC directed assessee to appeal to Appellate Authority against confiscated goods and vehicle in transit”

News, Blog, Income Tax

April 30, 2022

Exp. allowed relying upon audit report if it was in contrary to view of jurisdictional HC: ITAT

Case Details: Kalpesh Synthetics (P.) … Continue reading “Exp. allowed relying upon audit report if it was in contrary to view of jurisdictional HC: ITAT”

Blog, News, Account & Audit

April 30, 2022

Exposure draft on Revised Accounting Standard on Segment Reporting (AS 108) issued by ICAI

On the basis of discussions … Continue reading “Exposure draft on Revised Accounting Standard on Segment Reporting (AS 108) issued by ICAI”

Blog, News, Income Tax

April 30, 2022

Effect of Non-obstante Clause- till what extent overriding? – A Case Law Analysis

Madhvi Desai – [2022] 137 … Continue reading “Effect of Non-obstante Clause- till what extent overriding? – A Case Law Analysis”

News, Blog, Income Tax

April 29, 2022

CBDT notifies countries with ‘Original Fund’ eligible for Sec. 47 (viiac)/(viiad) exemption

Notification no. 46/2022, dated 27-04-2022 … Continue reading “CBDT notifies countries with ‘Original Fund’ eligible for Sec. 47 (viiac)/(viiad) exemption”

Blog, News, GST & Customs

April 29, 2022

Rs. 2.78 lakh crore of GST Compensation Cess released to States for the year 2020-21

Press Release dated April 27th, … Continue reading “Rs. 2.78 lakh crore of GST Compensation Cess released to States for the year 2020-21”

Blog, News, GST & Customs

April 29, 2022

Mango pulp is classifiable under Heading No. 0804 5040 and taxable at 18%: AAAR

Case Details: Appellate Authority for … Continue reading “Mango pulp is classifiable under Heading No. 0804 5040 and taxable at 18%: AAAR”