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News, Blog, Income Tax

February 7, 2024

No Limitation Period Prescribed for Compounding of Offences Under Income Tax Act | HC

Case Details: Photon Kathaas Production … Continue reading “No Limitation Period Prescribed for Compounding of Offences Under Income Tax Act | HC”

Blog, News, GST & Customs

February 7, 2024

HC Directed Petitioner to Avail Statutory Remedy of Appeal Against Penalty Levied by Authorities

Case Details: Fayiz Nangaparambill v. … Continue reading “HC Directed Petitioner to Avail Statutory Remedy of Appeal Against Penalty Levied by Authorities”

Blog, News, GST & Customs

February 7, 2024

Madras HC Condoned Delay in Filing Appeal As Right to Prefer Appeal Can’t be Deprived on Account of Delay Occurred Beyond Control

Case Details: Tvl. GT India … Continue reading “Madras HC Condoned Delay in Filing Appeal As Right to Prefer Appeal Can’t be Deprived on Account of Delay Occurred Beyond Control”

Blog, News, International Tax

February 7, 2024

[Opinion] Decode the Concept of Service Permanent Establishment in India

CA Pawan Kumar – [2024] … Continue reading “[Opinion] Decode the Concept of Service Permanent Establishment in India”

Blog, News, Income Tax

February 7, 2024

AO’s Order Couldn’t Be Held Erroneous If He Accepted Assessee’s Claim Relying on SC’s Ruling | ITAT

Case Details: Pawan Kumar vs. … Continue reading “AO’s Order Couldn’t Be Held Erroneous If He Accepted Assessee’s Claim Relying on SC’s Ruling | ITAT”

Blog, News, Account & Audit

February 7, 2024

Expenditure on Training Activities Cannot be Considered as Intangible Asset Under Ind AS 38

Para 95 of Ind AS … Continue reading “Expenditure on Training Activities Cannot be Considered as Intangible Asset Under Ind AS 38”

Blog, News, Company Law

February 7, 2024

[Opinion] Co. & Directors Penalized Rs. 8.50 Lakhs for Not Maintenance of Registered Office and Not Maintenance of Register of Members

Prof R Balakrishnan – [2024] … Continue reading “[Opinion] Co. & Directors Penalized Rs. 8.50 Lakhs for Not Maintenance of Registered Office and Not Maintenance of Register of Members”

News, Blog, Insolvency and Bankruptcy Code

February 7, 2024

Direct Payment by Financiers to Suppliers Without Disbursement of Funds to CD Couldn’t Be Termed as Financial Debt

Case Details: Mudraksh Investfin Pvt. … Continue reading “Direct Payment by Financiers to Suppliers Without Disbursement of Funds to CD Couldn’t Be Termed as Financial Debt”

Blog, News, GST & Customs

February 7, 2024

HC Directed GSTN to Allow Assessee to Amend GSTR-1 as There Was No Loss of Revenue If Such Rectification Was Permitted

Case Details: Railroad Logistics (India) … Continue reading “HC Directed GSTN to Allow Assessee to Amend GSTR-1 as There Was No Loss of Revenue If Such Rectification Was Permitted”

Blog, News, GST & Customs

February 7, 2024

[Opinion] Deciphering the Chronology of ISD Mechanism | Insights into Budget 2024 Amendments

Gaurav Jha – [2024] 159 … Continue reading “[Opinion] Deciphering the Chronology of ISD Mechanism | Insights into Budget 2024 Amendments”