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Blog, News, Income Tax

November 24, 2023

ITAT Directed AO to Allow Indexed Cost of Acquisition Even Though the Assessee Forgot to Claim it in Return

Case Details: Alok Ghosh vs. … Continue reading “ITAT Directed AO to Allow Indexed Cost of Acquisition Even Though the Assessee Forgot to Claim it in Return”

Blog, News, Account & Audit

November 24, 2023

Presentation of Statement of Profit & Loss for a Non-revenue Generating Company

When a company is incorporated … Continue reading “Presentation of Statement of Profit & Loss for a Non-revenue Generating Company”

News, Blog, Income Tax

November 24, 2023

[Opinion] AO Cannot Casually Disallow Payments to Relatives

Meenakshi Subramaniam – [2023] 156 … Continue reading “[Opinion] AO Cannot Casually Disallow Payments to Relatives”

Blog, News, GST & Customs

November 24, 2023

Penalty Shouldn’t be Imposed If Vehicle Was Carrying Valid E-way Bill But Not Reached Destination Due to Breakdown | HC

Case Details: Sun Flag Iron … Continue reading “Penalty Shouldn’t be Imposed If Vehicle Was Carrying Valid E-way Bill But Not Reached Destination Due to Breakdown | HC”

News, Blog, Insolvency and Bankruptcy Code

November 24, 2023

Sale of Land by Suspended Director to Defeat Rights of Other Creditors Was Avoidable Transaction Hit By Sec. 43 | NCLT

Case Details: Amazon Enterprises (P.) … Continue reading “Sale of Land by Suspended Director to Defeat Rights of Other Creditors Was Avoidable Transaction Hit By Sec. 43 | NCLT”

Blog, News, GST & Customs

November 24, 2023

No Interference Needed With Assessment Order Where Petitioner Was Given Extra Time to Reply But he Did Not Respond | HC

Case Details: Nelson Travels v. … Continue reading “No Interference Needed With Assessment Order Where Petitioner Was Given Extra Time to Reply But he Did Not Respond | HC”

Blog, News, Company Law

November 24, 2023

[Opinion] SEBI’s Roadmap for Debt Market Development | Tackling Compliance Issues

CS Vallabh M Joshi & … Continue reading “[Opinion] SEBI’s Roadmap for Debt Market Development | Tackling Compliance Issues”

Blog, News, Account & Audit

November 23, 2023

ICAI Issues a Report on Audit Quality Review

The Quality Review Board (QRB) … Continue reading “ICAI Issues a Report on Audit Quality Review”

News, Blog, Account & Audit

November 23, 2023

ICAI Issues Exposure Draft of Standards on Auditing for Limited Liability Partnerships

The Institute of Chartered Accountants … Continue reading “ICAI Issues Exposure Draft of Standards on Auditing for Limited Liability Partnerships”

Blog, News, Income Tax

November 23, 2023

Govt. Notifies ‘Deputy Director General (Tech Development Division), UIDAI’ as Authority u/s 138

Notification No. 99/2023, dated 20-11-2023 … Continue reading “Govt. Notifies ‘Deputy Director General (Tech Development Division), UIDAI’ as Authority u/s 138”