Blog

Blog, News, GST & Customs

June 3, 2024

HC Restored Registration of Assessee Which Was Cancelled by Merely Mentioning “Obtained by Fraud or Misstatement or Suppression”

Case Details: T S R … Continue reading “HC Restored Registration of Assessee Which Was Cancelled by Merely Mentioning “Obtained by Fraud or Misstatement or Suppression””

Blog, News, GST & Customs

June 3, 2024

Recovery Proceedings u/s 79 Can Be Initiated Before 3 Months Only in Exceptional Cases, Detailed Instructions Issued by CBIC

Instruction No. 01/2024-GST dated May … Continue reading “Recovery Proceedings u/s 79 Can Be Initiated Before 3 Months Only in Exceptional Cases, Detailed Instructions Issued by CBIC”

Blog, News, Account & Audit

June 3, 2024

Checklist for Clause 9 and 10 of Form 3CD in Tax Audit under the Income Tax Act, 1961

Clause 9(a) of Form 3CD … Continue reading “Checklist for Clause 9 and 10 of Form 3CD in Tax Audit under the Income Tax Act, 1961”

Blog, News, Company Law

June 3, 2024

HC Allows Dissolution Plea as Company Had No Further Assets to Realize, Making Pending Winding-up Proceedings Purposeless

Case Details: Bank of India … Continue reading “HC Allows Dissolution Plea as Company Had No Further Assets to Realize, Making Pending Winding-up Proceedings Purposeless”

Blog, News, Income Tax

June 3, 2024

CBDT Amends Form 27Q | Added ‘Note 7A’ for Furnishing Information About Lower or No TDS u/s 197A

Notification No. 48/2024, dated, 31-05-2024 … Continue reading “CBDT Amends Form 27Q | Added ‘Note 7A’ for Furnishing Information About Lower or No TDS u/s 197A”

News, Blog, Income Tax

June 3, 2024

Additional Tax u/s 143(1) Isn’t Valid If Assessee Revised His Return and Same Was Taken Up in Scrutiny | HC

Case Details: Khandelwal Rubber Products … Continue reading “Additional Tax u/s 143(1) Isn’t Valid If Assessee Revised His Return and Same Was Taken Up in Scrutiny | HC”

Blog, Income Tax

June 1, 2024

Annual Information Statement (AIS) – Overview | Recommendations | Global Best Practices

The Annual Information Statement (AIS) … Continue reading “Annual Information Statement (AIS) – Overview | Recommendations | Global Best Practices”

Blog, News, Account & Audit

June 1, 2024

Calculation of Lease Liability After Reduction of Agreed-upon Lease Space | Ind AS 116

The lessee can account for … Continue reading “Calculation of Lease Liability After Reduction of Agreed-upon Lease Space | Ind AS 116”

Blog, News, GST & Customs

June 1, 2024

HC Sets Aside Assessment Order Against Assessee Who Used IGST Credit for CGST & SGST, as IGST Credit for SGST Flowed to West Bengal

Case Details: Cosyn Ltd. v. … Continue reading “HC Sets Aside Assessment Order Against Assessee Who Used IGST Credit for CGST & SGST, as IGST Credit for SGST Flowed to West Bengal”

Blog, News, GST & Customs

June 1, 2024

HC Directs Assessee to File Refund Application Manually if There Was No Option to File Supplementary Refund Claim

Case Details: Shree K R … Continue reading “HC Directs Assessee to File Refund Application Manually if There Was No Option to File Supplementary Refund Claim”