The primary question posed by the Applicant pertained to the includability of interest charges against finance scheme as an inward supply The West Bengal Authority for Advance Ruling ( AAR…
The Authority for Advance Ruling (AAR), Andhra Pradesh ruled in a recent decision that the supply of Stone-crusher units (Aggregates) manufactured using Boulders sourced from quarries are liable to Goods…
In group audits, where companies have subsidiaries, branches, and associates, the Principal Auditor is ultimately responsible for the audit opinion on the entire group The National Financial Reporting Authority (…
Recognizing the AO’s mistake in getting the approval, ITAT quashed the reassessment proceedings The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed reassessment proceedings because the approval…
While this move provides more flexibility to companies, it raises an important question: does it jeopardise the tax credits of employees? Starting October 1, 2024, new rules on Tax Deducted…
Considering the submissions, the bench found that the failure to reply to one of the show cause notices was due to genuine confusion caused by the issuance of two notices…
Given that a major portion of the tax had already been recovered, the court refrained from imposing any further terms. As a result, the court set aside the order and…
Following the extension provided by CBDT Circular No. 7/2024, the Trust submitted a new application and requested to withdraw the appeal, which the tribunal allowed In the recent ruling, the…
RBI reports that 98% of ₹2000 banknotes in circulation have been returned following the withdrawal announcement The Reserve Bank of India ( RBI ) has provided a crucial update regarding…
These changes, which impact the process of nominating beneficiaries, are expected to affect both account holders and nominees in various ways The Securities and Exchange Board of India ( SEBI…