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Blog, News, Income Tax

May 8, 2024

Question of Correctness of Claim of Deduction u/s 80JJAA Can’t Represent Escapement of Income | HC

Case Details: Hexaware Technologies Ltd. … Continue reading “Question of Correctness of Claim of Deduction u/s 80JJAA Can’t Represent Escapement of Income | HC”

Blog, News, GST & Customs

May 8, 2024

HC Remanded Matter Back for Re-Adjudication Since Assessee Was a Semi-Literate Person & Not Aware About Proceedings

Case Details: Tvl. Rajaiah v. … Continue reading “HC Remanded Matter Back for Re-Adjudication Since Assessee Was a Semi-Literate Person & Not Aware About Proceedings”

Blog, News, GST & Customs

May 8, 2024

GST Authority Can’t Pass Order for Insertion of Negative Balance in Credit Ledger of Assessee | Telangana HC

Case Details: Laxmi Fine Chem … Continue reading “GST Authority Can’t Pass Order for Insertion of Negative Balance in Credit Ledger of Assessee | Telangana HC”

News, Blog, Account & Audit

May 8, 2024

Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework

An asset is a present … Continue reading “Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework”

Blog, News, Company Law

May 7, 2024

SEBI Permits ‘360 ONE Distribution Services Limited’ to Use UIDAI’s e-KYC Aadhaar Authentication as Sub-KUA in Markets

Circular No. SEBI/HO/MIRSD/SECFATF/P/CIR/2024/36, Dated 06.05.2024 … Continue reading “SEBI Permits ‘360 ONE Distribution Services Limited’ to Use UIDAI’s e-KYC Aadhaar Authentication as Sub-KUA in Markets”

Blog, News, Competition Law

May 7, 2024

Non-Marketing of Informant’s Supplement Product Due to Non-Cooperation of OPs Didn’t Raise Any Competition Issue; Plea Rejected | CCI

Case Details: Somnath Banerjee v. … Continue reading “Non-Marketing of Informant’s Supplement Product Due to Non-Cooperation of OPs Didn’t Raise Any Competition Issue; Plea Rejected | CCI”

Blog, News, FEMA & Banking

May 7, 2024

Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation

Case Details: M/s Shell India … Continue reading “Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation”

Blog, News, GST & Customs

May 7, 2024

Tax Demand Could Not Be Confirmed Without Providing Opportunity of Personal Hearing to Assessee | HC

Case Details: Sanjai Gandhi v. … Continue reading “Tax Demand Could Not Be Confirmed Without Providing Opportunity of Personal Hearing to Assessee | HC”

News, Blog, GST & Customs

May 7, 2024

AO Can’t Hold That Reply of SCN Was Insufficient Without Examining Documents Submitted by Assessee | HC

Case Details: A. B. Traders … Continue reading “AO Can’t Hold That Reply of SCN Was Insufficient Without Examining Documents Submitted by Assessee | HC”

Blog, News, Transfer Pricing

May 7, 2024

NR Not Eligible to Approach DRP if He Was Declared as Resident by AO During Draft Assessment Proceedings

Case Details: Aldrin Alberto Araujo … Continue reading “NR Not Eligible to Approach DRP if He Was Declared as Resident by AO During Draft Assessment Proceedings”