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Blog, News, FEMA & Banking

April 16, 2024

RBI Allows Resident Entities to Hedge Their Exposures to Gold Price Risk Using OTC Derivatives in IFSCs

Circular No. RBI/2024-25/17 A. P. … Continue reading “RBI Allows Resident Entities to Hedge Their Exposures to Gold Price Risk Using OTC Derivatives in IFSCs”

Blog, News, Income Tax

April 16, 2024

Sum Received From Employer on Account of Out-of-Court Settlement Isn’t Taxable as Profit in Lieu of Salary | ITAT

Case Details: ITO v. Avirook … Continue reading “Sum Received From Employer on Account of Out-of-Court Settlement Isn’t Taxable as Profit in Lieu of Salary | ITAT”

Blog, News, GST & Customs

April 16, 2024

Assessment Order to Be Quashed if Assessee’s Explanations to SCN Were Disregarded in Order & No Hearing Granted | HC

Case Details: Tvl. Saravanaa Projects … Continue reading “Assessment Order to Be Quashed if Assessee’s Explanations to SCN Were Disregarded in Order & No Hearing Granted | HC”

Blog, News, GST & Customs

April 16, 2024

HC Remanded Matter Since Consultant of Assessee Hadn’t Informed Him About Initiation of Proceedings

Case Details: Tvl. Bharathi Electricals … Continue reading “HC Remanded Matter Since Consultant of Assessee Hadn’t Informed Him About Initiation of Proceedings”

Blog, News, Income Tax

April 16, 2024

Loss on Forward Foreign Exchange Contracts to Be Treated as Speculative if No Nexus Established With Business | ITAT

Case Details: DCIT v. Standard … Continue reading “Loss on Forward Foreign Exchange Contracts to Be Treated as Speculative if No Nexus Established With Business | ITAT”

Blog, Weekly Round-up

April 16, 2024

Weekly Round-up on Tax and Corporate Laws | 8th to 13th April 2024

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 8th to 13th April 2024”

Blog, GST & Customs

April 16, 2024

Handling Show Cause Notices Under GST – Statutory Provisions | Case Studies | Sample Formats

A “Show Cause Notice” under … Continue reading “Handling Show Cause Notices Under GST – Statutory Provisions | Case Studies | Sample Formats”

Blog, News, International Tax

April 16, 2024

[World Tax News] UK Abolishes ‘Non-Dom’ Tax Regime | New Arrivals to Pay Tax on Global Income After 4 Years and More

Editorial Team – [2024] 161 … Continue reading “[World Tax News] UK Abolishes ‘Non-Dom’ Tax Regime | New Arrivals to Pay Tax on Global Income After 4 Years and More”

Blog, News, GST & Customs

April 16, 2024

GSTN Recommends CBIC to Extend Due Date for Filing of GSTR-1 of March 2024 for the Monthly Taxpayers

GSTN Update dated April 11th, … Continue reading “GSTN Recommends CBIC to Extend Due Date for Filing of GSTR-1 of March 2024 for the Monthly Taxpayers”

Blog, News, GST & Customs

April 16, 2024

HC Set Aside Confiscation Order Since Calculation of Stock on Basis of an Estimate Was Without Any Basis in Law

Case Details: Eco Plus Steels … Continue reading “HC Set Aside Confiscation Order Since Calculation of Stock on Basis of an Estimate Was Without Any Basis in Law”