Commerce & Industry Ministry introduces the Cast Iron Products (Quality Control) Order, 2023. Know the standards, applicability, and penalties.
SEBI introduces enhanced disclosure norms for Foreign Portfolio Investors (FPIs) to maintain market transparency and safeguard against potential risks.
SEBI revises Cyber Security and Resilience guidelines for Stock Exchanges, Clearing Corporations, and Depositories. Details on audits, compliance, and reporting included.
Latest IRDAI circular on flood claims processing in Himachal Pradesh 2023. Insights on directives for quick response, digital processes, and regular updates to IRDAI.
Exploring 2023 amendment to Council of Architecture Rules. Dive into eligibility criteria, nomination processes, and its impact on architects.
ITAT Delhi held that addition under section 68 towards unsecured loan amount unjustified as identity and creditworthiness of creditors and genuineness of transaction duly proved by way of documentary evidences.
ITAT Delhi held that the expenditure not claimed cannot be disallowed while determining the taxable income. Hence, disallowance of contingent liability as expenditure unjustified as the same was never claimed as expenditure for the purpose of determining total income.
ITAT Ahmedabad held that provisions of section 68 of the Income Tax Act doesn’t attract as unsecured loan availed was repaid in the next financial year through cheque payments to the creditor and bank statement thereof was filed.
Discover the National Judicial Data Grid (NJDG) and its role in providing real-time access to case details, judgments, and orders across Indian courts. Learn how NJDG contributes to improving legal processes.
In this comprehensive guide, we provide answers to 71 frequently asked questions (FAQs) regarding Tax Audit Reports (TAR) and Accounting Standards (ASs) in India. From understanding the applicability of TAR to exploring the roles of auditors and reviewing boards, this article covers key aspects of tax audits and accounting standards.
