Assessee through bills established co-relation between sales and purchase and merely not producing original bills cannot make purchase bogus
India’s digital aspirations are rapidly transforming the country’s economic landscape and labor market. With a population of over 1.3 billion people and a growing middle class, India has emerged as a global leader in the digital domain, with ambitious goals to leverage technology for economic growth and social development.
Section 148 Income Tax notice issued in the name of company which has already been amalgamated so HC quashed it
limitation for appeal before GSTAT start only after date on which President, or State President of Tribunal after its constitution under Section 109 of GST enters office.
Lapses relate to the EP’s failure to identify and report material mistatements in the financial statements, standard of audit work performed falling way below the mandatory standards prescribed under the Act and required of an auditor of a PIE.
There are certain cases where the transaction in its entirety starting from the sale of the original asset till the purchase or construction of the new assets is called into question as a colourable transaction done with the sole purpose of evasion of capital gain tax.
Judicial Activism refers to a judicial philosophy or approach where judges interpret laws and the constitution in a way that goes beyond traditional legal analysis and actively seeks to bring about social changes. In the context of labour law, judicial activism can manifest in judges interpreting labour laws in a way that supports worker’s rights and protections, even if such interpretations go beyond the letter of the law.
Unlock the secrets of auditing Property, Plant & Equipment (PPE) in India with our comprehensive guide. Explore key considerations, evaluation of completeness and accuracy, assessing valuation, testing impairment, disclosure requirements, and the impact of Indian Accounting Standards (Ind AS) 16. Gain insights into reviewing internal controls for a thorough and accurate audit. Stay informed to ensure compliance, accuracy, and adequacy of disclosures related to PPE in your audit process.
CESTAT held that unless CENVAT Credit availed by the appellant has not been recovered by way of issue of show cause notice invoking Rule 14 of CENVAT Credit Rules, 2004, the CENVAT Credit available on the books of account cannot be rejected when it is accumulated on account of export of Service.
Diwakar Sharma Vs Anand Sonbhadra (NCLAT Delhi) The issue in this case is as to whether the delay caused in filing of the appeal much beyond the period of 45 days can be condoned by NCLAT? Section 61 of Code deals with the Appeals and Appellate Authority. Section 61(1) of IBC, 2016 provides for a […]
