The Mojocare episode exposes the rising issue of financial irregularities among startups, highlighting the need for robust internal audits, diligent due diligence processes, and registered valuers to prevent such mishaps in the future.
In Deepak T. Dhanwani vs ITO, where ITAT Chennai waived penalty for delayed tax audit report due to accountant’s unavailability,
Explore the various stages of a criminal trial in warrant cases, from the filing of an FIR to the final judgment. Gain insights into the process, including investigation, framing of charges, presentation of evidence, and the role of the accused and the defense.
A recent MCA notification, numbered G.S.R 367(E) and dated 15th May 2023, has introduced a significant development in the Fast Track Merger process. It mandates a strict time limit of 60 days for concluding the fast-track merger application filed before the Central Government (Regional Director).
ITAT Ahmedabad case between Standard Radiators Pvt Ltd and ACIT, involving an inaccurate income penalty dispute related to interest expense misclassification
ITAT Hyderabad order, wherein Mohammed Rahimuddin successfully appeals the penalty u/s 271A due to estimation-based income addition.
CESTAT’s decision clarifies that since the rent received by individual co-owners is below the specified threshold, there is no basis for imposing service tax on these amounts.
₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (including ₹41,772 crore collected on import of goods) and cess […]
In Ram Kishan Vs ITO case, ITAT Delhi ruled that no addition u/s 69A of Income Tax Act when income source was appropriately explained during assessment.
NFT stands for Non-Fungible Token, has gained popularity as a concept in the world of art. They are special digital tokens that represent ownership or proof of authenticity.
