"16 October 2022" Archive - Page 3

Deduction with respect to provisions made against trade debtors

Vidras India Ceramics Pvt. Ltd. Vs D.C.I.T. (ITAT Ahmedabad)

Vidras India Ceramics Pvt. Ltd. Vs D.C.I.T. (ITAT Ahmedabad) The controversy that needs to be addressed so as to whether the assessee is eligible for deduction with respect to the provisions made against the trade debtors in pursuance to the explanation 1 to clause (vii) of section 36(1) of the Act. As per the explanation […]...

HC directs appellant to resubmit GST appeal either electronically or manually

Sri Lakshmi Venkateswara General Merchants and Commission Agents Vs State of Andhra Pradesh (Andhra Pradesh High Court)

Sri Lakshmi Venkateswara General Merchants and Commission Agents Vs State of Andhra Pradesh (Andhra Pradesh High Court) It is true that Rule 26(1) specifies that all applications including the appeals which are required to be submitted under the provisions of these Rules shall be so submitted electronically with a digital signature certif...

Section 69 addition by AO – ITAT upheld relief given by CIT(A)

Anuradha Pandey Vs ITO (ITAT Varansi)

Dive into Anuradha Pandey's case vs. ITO (ITAT Varanasi). ITAT's scrutiny on investment source from closing stock and debtors. Analysis of the disputed addition and its resolution...

Nobody can ask for an absolute right to deal with a particular business :CCI

Pinesh S. Doriwala Vs Sanofi India Limited (Competition Commission of India)

CCI observes that there must be some autonomy available to the manufacturers to deal with their goods the way they want, in alignment with their business requirements. Nobody can ask for an absolute right to deal with a particular business....

Anti-competitive practices: CCI issues cease & desist order against Kraft Paper Manufacturers & associations

Federation of Corrugated Box Manufacturers of India Vs Gujarat Paper Mills Association (Competition Commission of India)

It was alleged that the various associations of Kraft Paper Manufacturers, by way of periodic meetings and correspondences, direct their members (i.e., Kraft Paper Mills) to: (i) increase the price of the paper to be sold to the buyers, i.e., corrugated box manufacturers; and (ii) create a condition of shortage to enforce the unjust pri...

Punjab Medical Council can prescribe certain standards, guidelines, etc. for CME platforms: CCI

Medicos Legal Action Group Trust Vs Punjab Medical Council (Competition Commission of India)

CCI held that, Punjab Medical Council is well within its jurisdiction to prescribe certain standards, guidelines, etc., for maintaining quality in medical education and practice....

Information already available in public domain, cannot be construed as collusion between Ops: CCI

Alleged cartelisation for increasing pulse prices in India Vs Viterra India Private Limited (Competition Commission of India)

CCH held that sporadic communications between OPs exchanging information, which is already available in public domain, cannot be construed as collusion between OPs....

CCI found 8 firms guilty of bid rigging & cartelization in Eastern Railway tenders

Rakesh Khare Vs Krishna Engineering Works (Competition Commission of India)

Rakesh Khare Vs Krishna Engineering Works (Competition Commission of India) CCI issues cease and desist order against firms found guilty of bid rigging and cartelization in tender floated by Eastern Railway The Competition Commission of India (CCI) issued a final order today against eight firms which were found to have contravened the pro...

Sale of illegal fire-crackers without invoice – CGST officials bust racket

Anti-Evasion Team of Faridabad CGST officials Green warriors bust racket of illegal fire-crackers with 21 godowns, seize almost Rs 51 lakh...

Posted Under: Income Tax |

Third edition of the IFRS for SMEs Accounting Standard

To contribute to standard setting at international level, Exposure Draft of third edition of IFRS for SMEs Accounting Standard issued by IASB....

Posted Under: Income Tax |

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