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Blog, News, Income Tax

June 27, 2024

No Prosecution for Non-disclosure of Foreign Assets in ITR if It Occurred Before Enactment of Black Money Act | HC

Case Details: Smt. Dhanashree Ravindra … Continue reading “No Prosecution for Non-disclosure of Foreign Assets in ITR if It Occurred Before Enactment of Black Money Act | HC”

News, Blog, Transfer Pricing

June 27, 2024

ITAT Remanded Matter as CIT(A) Dismissed All Grounds of Appeal Based on a Single Issue

Case Details: Computer Sciences Corporation … Continue reading “ITAT Remanded Matter as CIT(A) Dismissed All Grounds of Appeal Based on a Single Issue”

Blog, News, FEMA & Banking

June 26, 2024

Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment

Case Details: Bajaj Constructions v. … Continue reading “Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment”

Blog, News, FEMA & Banking

June 26, 2024

Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability

Case Details: Harpreet Sahni v. … Continue reading “Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability”

Blog, News, Income Tax

June 26, 2024

[Opinion] Pay Capital Gains Tax Only On Unspent Money For Under Construction House

Meenakshi Subramaniam – [2024] 163 … Continue reading “[Opinion] Pay Capital Gains Tax Only On Unspent Money For Under Construction House”

Blog, News, Income Tax

June 26, 2024

No Separate Addition Towards Commission Paid on Bogus Purchases if Gross Profit on Sales Was Offered to Tax | ITAT

Case Details: Seo Lehenga House … Continue reading “No Separate Addition Towards Commission Paid on Bogus Purchases if Gross Profit on Sales Was Offered to Tax | ITAT”

Blog, News, Account & Audit

June 26, 2024

Tax Audit Checklist on Clause 14 of Form 3CD Under the Income Tax Act, 1961

Image Clause 14(a) requires the … Continue reading “Tax Audit Checklist on Clause 14 of Form 3CD Under the Income Tax Act, 1961”

News, Blog, GST & Customs

June 26, 2024

Search Proceedings to Be Quashed if No Reasons to Believe Were Noted in INS-01 | Allahabad HC

Case Details: Excellentvision Technical Academy … Continue reading “Search Proceedings to Be Quashed if No Reasons to Believe Were Noted in INS-01 | Allahabad HC”

Blog, Advisory, GST & Customs

June 25, 2024

[Analysis] Rectification of Errors Under GST – Comprehensive Guide to Section 161

Rectification of errors under GST … Continue reading “[Analysis] Rectification of Errors Under GST – Comprehensive Guide to Section 161”

Blog, News, Account & Audit

June 25, 2024

Accounting of Pre-construction Expense Pending Fund Approval From Parent Company Under Ind AS Framework

A Ltd. herein referred to … Continue reading “Accounting of Pre-construction Expense Pending Fund Approval From Parent Company Under Ind AS Framework”