Blog

Blog, News, Account & Audit

January 16, 2024

Accounting Treatment of Interest Earned on Mobilisation Advance Provided to Vendors

Following the provisions of para … Continue reading “Accounting Treatment of Interest Earned on Mobilisation Advance Provided to Vendors”

Blog, News, Income Tax

January 16, 2024

Sum Received As Interest-free Refundable Security Deposit Lying in Hands of Co. Can’t Be Taxed As Income | HC

Case Details: Coastal Ceramics and … Continue reading “Sum Received As Interest-free Refundable Security Deposit Lying in Hands of Co. Can’t Be Taxed As Income | HC”

Blog, News, GST & Customs

January 16, 2024

Services of Loading, Unloading, Packing, Storage or Warehousing of Imported Wheat Would Be Exempt | HC

Case Details: Naga Ltd. v. … Continue reading “Services of Loading, Unloading, Packing, Storage or Warehousing of Imported Wheat Would Be Exempt | HC”

Blog, News, GST & Customs

January 16, 2024

HC Allowed to Make Payment of Tax Dues & Interest in Installments Considering Financial Hardship of Assessee

Case Details: Neel Kamal v. … Continue reading “HC Allowed to Make Payment of Tax Dues & Interest in Installments Considering Financial Hardship of Assessee”

Blog, GST & Customs

January 16, 2024

How to Give an Effective Response to GST Show Cause Notices (SCN)

Table of Contents Introduction to … Continue reading “How to Give an Effective Response to GST Show Cause Notices (SCN)”

Blog, News, Company Law

January 15, 2024

No Penalty for Appointing a Person Above 75 Years As a Director If Approval Was Taken Within Prescribed Period

Case Details: 20 Microns Ltd. … Continue reading “No Penalty for Appointing a Person Above 75 Years As a Director If Approval Was Taken Within Prescribed Period”

Blog, News, GST & Customs

January 15, 2024

HC Justified Cancellation of GST Registration As Assessee Uploaded Forged Documents At Time of Obtaining It

Case Details: Suresh Kumar Chaudhary … Continue reading “HC Justified Cancellation of GST Registration As Assessee Uploaded Forged Documents At Time of Obtaining It”

Blog, News, GST & Customs

January 15, 2024

SCN to Be Quashed As No Clarity Was Given By Dept. on Allegations of Availing Fraudulent ITC: HC

Case Details: Kundan Impex v. … Continue reading “SCN to Be Quashed As No Clarity Was Given By Dept. on Allegations of Availing Fraudulent ITC: HC”

Blog, News, Income Tax

January 15, 2024

Land Registration Charges Incurred in Executing an Agreement to Take Business Premises on Rent is Revenue Exp. | ITAT

Case Details: RMP Infotec (P.) … Continue reading “Land Registration Charges Incurred in Executing an Agreement to Take Business Premises on Rent is Revenue Exp. | ITAT”

Blog, News, Company Law

January 15, 2024

SEBI Modifies the AIF Norms to Align the Same With Amended PMLA Rules

Circular SEBI/HO/AFD/PoD1/CIR/2024/2, Dated 11.01.2024 Earlier, … Continue reading “SEBI Modifies the AIF Norms to Align the Same With Amended PMLA Rules”