Read GST AAR Telangana’s ruling on input tax credit (ITC) reversal rules for destroyed raw materials and finished goods. Understand ITC eligibility in such cases.
Read GST AAR Telangana’s ruling on HSN codes for electric vehicles and electrical & mechanical spare parts. Clear classification guidelines provided.
Supreme Court of India issues notices on the discontinuation of video conferencing in High Courts and various Tribunals, seeking information on hybrid hearings. Next hearing on 6th October, 2023.
Explore intricacies of Section 139(2) in Companies Act, covering appointment of statutory auditors and addressing casual vacancies. Learn about auditor terms and implications
Explore tax implications of online gaming in India under Finance Bill, 2023. Learn about new tax deductions and regulations for online gaming income.
Explore the common factors that unite tax advocates, chartered accountants (CAs), and financial professionals. Dive into the world of deep analysis and speculation in finance.
Telangana HC rules in Kankanala Ravindra Reddy vs ITO: Section 148A(d) orders and Section 148 notices must be issued by NFAC, not AO. Explore the court’s analysis of legal provisions and implications for faceless assessments under the Income-tax Act, 1961.
Explore the case of Raj Kumar Karanwal vs. PCIT (ITAT Delhi) and learn why exercise of revisionary jurisdiction by PCIT may not always be valid when issues have been examined by AO. Dive into the details of the case, the assessment process, and implications for taxpayers.
ICMAI has published an Exposure Draft on revised Cost Accounting Standard (CAS-2) for Capacity Determination. Learn about changes and how it impacts cost statements.
ED’s crackdown on Mahadev APP money laundering network reveals staggering assets worth Rs 417 Crore. Learn about investigations and findings.
