"22 June 2023" Archive - Page 7

Entry under Section 65(105)(zzd) can be invoked only for construction simpliciter

National Building Construction Corporation Limited Vs Commissioner of Central Excise & Service Tax (CESTAT Kolkata)

A comprehensive review of the case National Building Construction Corporation Limited vs Commissioner of Central Excise & Service Tax, exploring the impact of the correct classification under Section 65(105)(zzd) for construction contracts....

Original assessment order settled under VsV Doesn’t mean settlement of appeal against rectification order

Inter Globe Air Transport Vs ACIT (ITAT Delhi)

Analyzing the recent ITAT Delhi verdict in the Inter Globe Air Transport Vs ACIT case, highlighting the re-adjudication directive due to improper verification under Section 154 of the Income Tax Act....

Concise Assessment Order doesn’t Imply Lack of Enquiry – Section 263

Manohar Lal Sarraf and Sons Pvt Ltd Vs Pr. CIT (ITAT Delhi)

Analysis of a significant case - Manohar Lal Sarraf and Sons Pvt Ltd Vs Pr. CIT, where ITAT Delhi overturned a revision order under Section 263 of the Income Tax Act due to lack of jurisdiction. Dive into the details of the ruling...

Department cannot file Revise Application in terms of Section 35EE of excise

Commissioner of Service Tax Vs Mail Order Solutions (I) Ltd. (CESTAT Mumbai)

CESTAT Mumbai's decision, clarifying role of Revenue in filing revise applications under Section 35EE of Excise Act, in the case of Mail Order Solutions (I) Ltd....

Ind AS 1 Presentation of Financial Statement

Ind AS 1, also known as the Indian Accounting Standard 1, is a crucial accounting standard that sets out the guidelines for the presentation of financial statements in India....

Posted Under: Service Tax |

Harshad Mehta Scam: Analysis of India’s Infamous Financial Fraud

The Harshad Mehta Scam of 1992 is one of the most important financial frauds in Indian stock market history. Harshad Mehta, a stockbroker from Mumbai, took advantage of many flaws in the Indian banking and stock market systems to manipulate stock prices and profit massively....

Posted Under: Service Tax |

Big Changes Ahead: SEBI’s Unprecedented Amendments to LODR Set to Rewrite the Rules of the Game

Explore the transformative amendments in SEBI's LODR regulations with our in-depth analysis. From immediate compliance changes to enhanced cybersecurity reporting and shareholder rights, stay informed for effective adaptation. Dive into the details now....

Posted Under: Service Tax |

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February 2024