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Blog, News, Income Tax

January 3, 2025

No Penalty for Trust if It Mistakenly Claimed Deduction and Withdrew Objection Before Appeal | ITAT

Case Details: Mumbai Educational Trust … Continue reading “No Penalty for Trust if It Mistakenly Claimed Deduction and Withdrew Objection Before Appeal | ITAT”

Blog, News, GST & Customs

January 3, 2025

Penalty Upheld for Detained Goods as Assessee Failed to Produce Records to Substantiate Case

Case Details: Balamurugan Steels v. … Continue reading “Penalty Upheld for Detained Goods as Assessee Failed to Produce Records to Substantiate Case”

News, Blog, GST & Customs

January 3, 2025

[Global IDT Insights] UAE Provides VAT exemption to Virtual Assets Including Cryptocurrencies & Others

Editorial Team – [2024] 169 … Continue reading “[Global IDT Insights] UAE Provides VAT exemption to Virtual Assets Including Cryptocurrencies & Others”

Blog, News, Income Tax

January 2, 2025

Write-Off of Deposits With Bank Whose License Was Cancelled by RBI Allowed as Deduction u/s 37 | ITAT

Case Details: Surat National Co.op … Continue reading “Write-Off of Deposits With Bank Whose License Was Cancelled by RBI Allowed as Deduction u/s 37 | ITAT”

Blog, News, Insolvency and Bankruptcy Code

January 2, 2025

Personal Guarantor’s Acknowledgment of Default Justifies Creditor’s Sec. 95 Plea for Insolvency Process Initiation | NCLT

Case Details: State Bank of … Continue reading “Personal Guarantor’s Acknowledgment of Default Justifies Creditor’s Sec. 95 Plea for Insolvency Process Initiation | NCLT”

Blog, News, FEMA & Banking

January 2, 2025

Pre-Crime Property Attachment Upheld as Appellant Diverted and Layered Crime Proceeds to Group Cos. | SAFEMA-AT

Case Details: Rakesh Kumar Tandon … Continue reading “Pre-Crime Property Attachment Upheld as Appellant Diverted and Layered Crime Proceeds to Group Cos. | SAFEMA-AT”

Blog, News, Account & Audit

January 2, 2025

[Opinion] Auditing Vendor Payments | Key Area of Concern

CA Nitin Sharma & Rehansh … Continue reading “[Opinion] Auditing Vendor Payments | Key Area of Concern”

Blog, News, Income Tax

January 2, 2025

[Opinion] Analysis of Provisions of Section 80GGC Regarding Donations To Political Parties

CA Kaushik D. Shah – … Continue reading “[Opinion] Analysis of Provisions of Section 80GGC Regarding Donations To Political Parties”

Blog, News, GST & Customs

January 2, 2025

GST SPL 02 is Made Available in the GST Portal | GSTN Update

GSTN Update dated December 29th, … Continue reading “GST SPL 02 is Made Available in the GST Portal | GSTN Update”

News, Blog, GST & Customs

January 2, 2025

No Relief to Be Granted for 403 Days Delay in Filing Appeal Against Cancellation of GST Registration

Case Details: Pragati Bio & … Continue reading “No Relief to Be Granted for 403 Days Delay in Filing Appeal Against Cancellation of GST Registration”