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Blog, News, GST & Customs

January 12, 2025

Order Cancelling GST Registration to Be Set Aside as It Did Not Provide Any Reasons for Retrospective Cancellation | HC

Case Details: Limton Metals Ltd. … Continue reading “Order Cancelling GST Registration to Be Set Aside as It Did Not Provide Any Reasons for Retrospective Cancellation | HC”

Blog, News, GST & Customs

January 12, 2025

Tax Liability to Be Discharged in Each State Based on Work Done for Barrage Construction in Telangana and Maharashtra | HC

Case Details: L and T … Continue reading “Tax Liability to Be Discharged in Each State Based on Work Done for Barrage Construction in Telangana and Maharashtra | HC”

Blog, News, Income Tax

January 12, 2025

AO Can’t Treat Unexplained Cash as Income u/s 69A if Assessee Accounted for It Under Presumptive Taxation | ITAT

Case Details: Imran Ibrahim Badshah … Continue reading “AO Can’t Treat Unexplained Cash as Income u/s 69A if Assessee Accounted for It Under Presumptive Taxation | ITAT”

Blog, News, Income Tax

January 10, 2025

[Opinion] A Revamped Section 268A | Deciphering Alterations in Safeguards That Tilt the Balance Against Assessees

Ramkishan Choudhary & Parv Jain … Continue reading “[Opinion] A Revamped Section 268A | Deciphering Alterations in Safeguards That Tilt the Balance Against Assessees”

News, Blog, Income Tax

January 10, 2025

Fraudulent Income from Forged Challans is Taxable Even if Fully Recovered by Govt in Subsequent Years | ITAT

Case Details: Mukesh Rasiklal Shah … Continue reading “Fraudulent Income from Forged Challans is Taxable Even if Fully Recovered by Govt in Subsequent Years | ITAT”

Blog, News, Account & Audit

January 10, 2025

[Opinion] Auditor’s Responsibility in Limited Review | Equal Accountability as Statutory Audit

CA Bharat Sonkhiya & Rahul … Continue reading “[Opinion] Auditor’s Responsibility in Limited Review | Equal Accountability as Statutory Audit”

Blog, News, Insolvency and Bankruptcy Code

January 10, 2025

HC Erred in Entertaining Delayed Writ Petition Seeking to Quash CoC Minutes Approving Appellant’s Resolution Plan | SC

Case Details: Mohammed Enterprises (Tanzania) … Continue reading “HC Erred in Entertaining Delayed Writ Petition Seeking to Quash CoC Minutes Approving Appellant’s Resolution Plan | SC”

Blog, News, FEMA & Banking

January 10, 2025

RBI Issues Master Direction Consolidating FEMA Regulations and Directions on Non-Resident Investment in Debt Instruments

Circular No. RBI/2024-25/126 FMRD.FMD.No.10/14.01.006/2024-25, Dated … Continue reading “RBI Issues Master Direction Consolidating FEMA Regulations and Directions on Non-Resident Investment in Debt Instruments”

Blog, News, GST & Customs

January 10, 2025

[Opinion] Clubbing vs. De-Clubbing of SCNs | Critical Analysis

CA Keshav Gupta & Keshav … Continue reading “[Opinion] Clubbing vs. De-Clubbing of SCNs | Critical Analysis”

Blog, News, GST & Customs

January 10, 2025

GSTN Enables Filing of “Application for Rectification” as per Notification No. 22/2024-CT

GSTN Update dated January 7th, … Continue reading “GSTN Enables Filing of “Application for Rectification” as per Notification No. 22/2024-CT”