Stay informed about recent updates in GST till 18th May 2022. Learn about the impact of RBI’s surprise move to raise repo rate and CRR on inflation and lending rates.
ESPN Digital Media (India) Pvt. Ltd Vs DCIT (ITAT Chennai) ITAT held that the consideration paid by ESPN India for purchase of advertisement space was not taxable during the period under consideration. The consideration paid by ESPN India is not for ‘use’ of equipment (server) or for any process nor imparting of any information concerning […]
Ajeet Singh Vs ITO (ITAT Jaipur) ITAT held that the amendment brought in the statue i.e., by Finance Act, 2021, the provisions of Section 36(1)(va) r.w.s. 43B of the Act amended by inserting explanation 2 is prospective and not retrospective. Hence, the amended provisions of Section 43B r.w.s. 36(1)(va) of the Act are not applicable […]
A surge in use of data wiper malware by nation sponsored threat actors is being reported. The Primary motive of the attacker for using these malware is the destruction of the victim machine/ data.
A password represents a shared secret between the end user and the system they are authenticating. The system cannot differentiate the real user from another user who also knows the password. Thus, it is essential that users keep their password private. Stolen, weak or reused passwords are prominent reasons for data breaches worldwide.
ACIT Vs Tamil Nadu Water Investment Co. Ltd. (ITAT Chennai) It is an undisputed fact that consequent to the CDR scheme, the assessee had written off the receivables from M/s. NTADCL as bad debt and the debt has become bad only due to corporate restructuring scheme. Moreover, in the books of account of M/s. NTADCL […]
B.D Tea Estates Pvt. Ltd. Vs State of West Bengal & Ors. (Calcutta High Court) Petitioner’s sole contention for avoiding the statutory alternative remedy of Appeal before the West Bengal Taxation Tribunal against the impugned order of the first Appellate authority which it has voluntarily chosen at the first instance to challenge the assessment order in […]
Submission of petitioners that proceeding for offence punishable under Section 420 of IPC is not maintainable once the complainant invokes Section 138 of NI Act is unacceptable.
Jayaram Panda Vs Project Director (Orissa High Court) Sub-section (3) in section 31 mandates that the arbitral award shall state the reasons, upon which it is based unless, inter alia, it is to be made as per the clauses (a) and (b) in the sub-section. Said clauses do not apply in the facts and circumstances, […]
Learn the importance of benchmarking in the Indian context and how it is used to determine fair pricing in transfer transactions.
