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News, Blog, Income Tax

December 7, 2022

Demerger sanctioned by NCLT is tax-compliant only if conditions in Sec. 2(19AA) are satisfied

Case Details: Grasim Industries Ltd. … Continue reading “Demerger sanctioned by NCLT is tax-compliant only if conditions in Sec. 2(19AA) are satisfied”

Blog, News, Insolvency and Bankruptcy Code

December 6, 2022

Any amount due against permission to use trademark in relation to licensed products shall be treated as operational debt: NCLAT

Case Details: Somesh Choudhary, Suspended … Continue reading “Any amount due against permission to use trademark in relation to licensed products shall be treated as operational debt: NCLAT”

Blog, News, Income Tax

December 6, 2022

[Opinion] Whether the safe harbour limits provided under the Income-tax Act are prospective or retrospective?

Mukesh Kohli – [2022] 145 … Continue reading “[Opinion] Whether the safe harbour limits provided under the Income-tax Act are prospective or retrospective?”

News, Blog, GST & Customs

December 6, 2022

Non-filing of returns due to death of CA is bonafide reason; HC allowed restoration of registration

Case Details: Kolapudi Enoch Washington … Continue reading “Non-filing of returns due to death of CA is bonafide reason; HC allowed restoration of registration”

Blog, News, GST & Customs

December 6, 2022

[Opinion] Checklist of Accounts, Records & Documents to be maintained from GST Audit Perspective

CA Mahadev R, CA Ravi … Continue reading “[Opinion] Checklist of Accounts, Records & Documents to be maintained from GST Audit Perspective”

Blog, News, Income Tax

December 6, 2022

Share valuation report by CA can’t be accepted if it is based on only basic info. supplied by management: ITAT

Case Details: ITO v. LNB … Continue reading “Share valuation report by CA can’t be accepted if it is based on only basic info. supplied by management: ITAT”

Blog, News, Account & Audit

December 6, 2022

Problems in Central Statutory Auditor Scrutiny of Financial Statements of Bank Branches

Over the last few decades, … Continue reading “Problems in Central Statutory Auditor Scrutiny of Financial Statements of Bank Branches”

Blog, Weekly Round-up

December 6, 2022

Weekly Round-up on Tax and Corporate Laws | 28th November to 03rd December 2022

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 28th November to 03rd December 2022”

Blog, News, GST & Customs

December 5, 2022

5% GST leviable on Marine engine and its spare parts supplied for use in vessels: AAR

Case Details: Authority for Advance … Continue reading “5% GST leviable on Marine engine and its spare parts supplied for use in vessels: AAR”

Blog, News, Insolvency and Bankruptcy Code

December 5, 2022

Money disbursed to corporate debtor as a payment to be adjusted in sale of land wasn’t a financial debt u/s 5(8)

Case Details: S. Chandriah v. … Continue reading “Money disbursed to corporate debtor as a payment to be adjusted in sale of land wasn’t a financial debt u/s 5(8)”