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Blog, News, FEMA & Banking

December 26, 2024

HC Set Aside Director’s Conviction for Cheque Dishonour as Co. Wasn’t Made an Accused or Served Notice u/s 138 NI Act

Case Details: Paresh Manna v. … Continue reading “HC Set Aside Director’s Conviction for Cheque Dishonour as Co. Wasn’t Made an Accused or Served Notice u/s 138 NI Act”

Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

Arbitrator to Assess CIRP Plan’s Effect on Applicant’s Claim, as CIRP Was Approved During Arbitration Pendency | HC

Case Details: PME Power Solutions … Continue reading “Arbitrator to Assess CIRP Plan’s Effect on Applicant’s Claim, as CIRP Was Approved During Arbitration Pendency | HC”

Blog, News, International Tax

December 26, 2024

[Opinion] Breaking the Tie of Tax Residential Status

CA Abhishek Worah – [2024] … Continue reading “[Opinion] Breaking the Tie of Tax Residential Status”

Blog, News, Income Tax

December 26, 2024

No Disallowance u/s 40A(3) If Cash Payments Were Necessary to Run Business of Assessee | ITAT

Case Details: Munish Arora vs. … Continue reading “No Disallowance u/s 40A(3) If Cash Payments Were Necessary to Run Business of Assessee | ITAT”

News, Blog, GST & Customs

December 26, 2024

GSTN Issued Guidelines for Accurate Entry of Receipt Numbers in the E-Way Bill (EWB) System for Leased Wagons

GSTN Update dated December 24th, … Continue reading “GSTN Issued Guidelines for Accurate Entry of Receipt Numbers in the E-Way Bill (EWB) System for Leased Wagons”

Blog, News, GST & Customs

December 26, 2024

Show Cause Notice During Advance Ruling Application Does Not Prevent Decision on Merits | HC

Case Details: General Motors India … Continue reading “Show Cause Notice During Advance Ruling Application Does Not Prevent Decision on Merits | HC”

Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

NCLAT Set Aside AA’s Dissolution Order as No Assets Existed for Liquidation

Case Details: Janak Jagjivan Shah … Continue reading “NCLAT Set Aside AA’s Dissolution Order as No Assets Existed for Liquidation”

Blog, News, Insolvency and Bankruptcy Code

December 26, 2024

Appellant-Bank Was Classified as a FC, as Hypothecation Deed Served as a Guarantee for Borrowers’ Liability | SC

Case Details: China Development Bank … Continue reading “Appellant-Bank Was Classified as a FC, as Hypothecation Deed Served as a Guarantee for Borrowers’ Liability | SC”

Blog, News, Income Tax

December 26, 2024

Assessee Can Confine Settlement of Dispute to One Issue; Revenue Can’t Compel Settlement of Other Issues | HC

Case Details: Rose Wood Buildwell … Continue reading “Assessee Can Confine Settlement of Dispute to One Issue; Revenue Can’t Compel Settlement of Other Issues | HC”

Blog, News, Account & Audit

December 24, 2024

Impact of Deferred Tax on the Right of Return of Goods – Ind AS 12

This document examines the implications … Continue reading “Impact of Deferred Tax on the Right of Return of Goods – Ind AS 12”