Gain a comprehensive understanding of Related Party Transactions (RPT) with this complete overview. Explore definitions, approval mechanisms, disclosure requirements, and exemption criteria under SEBI LODR and Companies Act, 2013.
Stay updated with recent GST changes in March 2023. Learn about GST portal enhancements, e-invoicing updates, and recent case laws affecting taxpayers. Plus, don’t miss the compliance calendar for March 2023.
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Learn about the tax liability of Non-Resident Indians (NRIs) in India, including income sources and provisions under the Income Tax Act 196
SEBI enhances LODR regulations: Introducing stricter timelines for disclosures, mandatory material event verification for top 250 companies, and clarity on market rumors. Aimed at fostering transparency and investor trust.
ITAT Mumbai held that mere presumption that plots are intended for further sale and hence plots were stock-in-trade does not make the claim satisfying as the assessee failed to prove the same by way of evidences.
ITAT Pune held that mere non-furnishing of declaration to the bank in terms of proviso to rule 37BA(2) of the Income Tax Rules, the amount of tax deducted at source on interest on bank deposit cannot be disallowed while clubbing of the income.
CESTAT Delhi held that denial of Cenvat credit on input services such as Car hire charges, Insurance charges, Travel expenses and Staff welfare expenses is not legally maintainable in terms of Rule 2 (1) of CCR, 2004.
ITAT Ahmedabad held that entire receipts on account of on-money-premium charged would not to be treated as the undisclosed income but only net profit rate could be applied on unaccounted sales/receipt for the purpose of making addition.
CESTAT Chennai held that refund is not hit by unjust enrichment as chartered accountant certificate duly furnished satisfying that the duty has not been passed on.
