News

Blog, News, Income Tax

November 11, 2024

Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC

Case Details: HLL BIOTECH Ltd. … Continue reading “Interest Earned on Short-Term Deposits of Funds Received From Govt. Funds is Capital Receipt | HC”

Blog, News, FEMA & Banking

October 26, 2024

Writ Plea Challenging Cancellation of Auction Sale Allowed as Lender Bank Cancelled Sale Solely Upon Direction of CBI

Case Details: Ram Swaroop v. … Continue reading “Writ Plea Challenging Cancellation of Auction Sale Allowed as Lender Bank Cancelled Sale Solely Upon Direction of CBI”

Blog, News, Income Tax

October 26, 2024

No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers

Case Details: Kamlesh Kumar Jain … Continue reading “No Denial of Sec. 194Q TDS Credit as ‘Kachha Arhatia’ Had No Domain Over Goods Sold to Principal Buyers”

Blog, News, International Tax

October 26, 2024

[World Tax News] UAE Publishes Guide on Tax Resident and TRC and More

Editorial Team – [2024] 167 … Continue reading “[World Tax News] UAE Publishes Guide on Tax Resident and TRC and More”

News, Blog, Company Law

October 26, 2024

Research Reports by Research Analysts (RAs) Are Not Advertisements Unless Promoting RA Services | SEBI

Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/146, Dated: 24.10.2024 … Continue reading “Research Reports by Research Analysts (RAs) Are Not Advertisements Unless Promoting RA Services | SEBI”

Blog, News, GST & Customs

October 26, 2024

HC Allowed Assessee to Manually Resubmit Corrected GSTR-1 Due to Lack of Effective Rectification Mechanism

Case Details: Nivriya India (P.) … Continue reading “HC Allowed Assessee to Manually Resubmit Corrected GSTR-1 Due to Lack of Effective Rectification Mechanism”

Blog, News, GST & Customs

October 26, 2024

No Additional Interest on Refund of IGST Paid on Ocean Freight as ITC Had Already Been Availed and Utilized | HC

Case Details: South India Krishna … Continue reading “No Additional Interest on Refund of IGST Paid on Ocean Freight as ITC Had Already Been Availed and Utilized | HC”

Blog, News, Account & Audit

October 26, 2024

Accounting Treatment for Agent-Based Transactions in Sovereign Crude Oil Sales

When an entity sells and … Continue reading “Accounting Treatment for Agent-Based Transactions in Sovereign Crude Oil Sales”

Blog, News, Company Law

October 26, 2024

Government Appoints ‘Shri Rayasam Lakshmi Kanth Rao’ as Executive Director of RBI

Notification No. S.O. 4648(E); Dated: … Continue reading “Government Appoints ‘Shri Rayasam Lakshmi Kanth Rao’ as Executive Director of RBI”

Blog, News, GST & Customs

October 25, 2024

Order Enhancing Tax Liability of Assessee to Be Set Aside for Not Following Procedure Under Sec. 107(11) of CGST Act | HC

Case Details: Hriday Kumar Das … Continue reading “Order Enhancing Tax Liability of Assessee to Be Set Aside for Not Following Procedure Under Sec. 107(11) of CGST Act | HC”