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News, Blog, Income Tax

January 4, 2023

Purchase by assessee couldn’t be treated as bogus if AO didn’t dispute corresponding sales transactions: HC

Case Details: Principal Commissioner of … Continue reading “Purchase by assessee couldn’t be treated as bogus if AO didn’t dispute corresponding sales transactions: HC”

Blog, News, Income Tax

January 4, 2023

No Sec. 68 additions for cash deposited during demonetisation from available balance: ITAT

Case Details: R. S. Diamonds … Continue reading “No Sec. 68 additions for cash deposited during demonetisation from available balance: ITAT”

Blog, Company Law

January 3, 2023

Technical glitches wouldn’t hinder your trading sessions as the SEBI launches ‘IRRA’ platform

Table of contents Background The … Continue reading “Technical glitches wouldn’t hinder your trading sessions as the SEBI launches ‘IRRA’ platform”

Blog, FEMA & Banking

January 3, 2023

SC upholds Govt.’s Decision on Demonetisation of 500 & 1000 Rupee Notes

Table of contents Introduction Background … Continue reading “SC upholds Govt.’s Decision on Demonetisation of 500 & 1000 Rupee Notes”

Blog, News, Company Law

January 3, 2023

MCA extends the facility of holding EGMs through video conference

General Circular No. 11/2022, Dated … Continue reading “MCA extends the facility of holding EGMs through video conference”

Blog, News, Account & Audit

January 3, 2023

[Illustrative Checklist] Disclosure Requirements under AS 3 | Cash Flow Statements

AS 3 provides information about … Continue reading “[Illustrative Checklist] Disclosure Requirements under AS 3 | Cash Flow Statements”

Blog, News, GST & Customs

January 3, 2023

GST revenue of Rs. 1,49,507 crores collected in the month of December 2022

Press Release dated January 1st, … Continue reading “GST revenue of Rs. 1,49,507 crores collected in the month of December 2022”

Blog, News, GST & Customs

January 3, 2023

Cancellation order not sustainable due to cryptic in nature & passed without personal hearing: HC

Case Details: Mahendra Junabhai Zala … Continue reading “Cancellation order not sustainable due to cryptic in nature & passed without personal hearing: HC”

News, Blog, Income Tax

January 3, 2023

ITAT disallowed 50% of improvement expenses as assessee failed to substantiate genuineness of expenses

Case Details: Assistant Commissioner of … Continue reading “ITAT disallowed 50% of improvement expenses as assessee failed to substantiate genuineness of expenses”

Blog, News, International Tax

January 3, 2023

Profit from transport of air passengers is covered under Article 8 of Indo-Bhutan DTAA: ITAT

Case Details: DCIT v. Tashi … Continue reading “Profit from transport of air passengers is covered under Article 8 of Indo-Bhutan DTAA: ITAT”