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Archive: 17 September 2023

Posts in 17 September 2023

CBI Arrests Inspector for Bribery at Mundra Port

September 17, 2023 2796 Views 0 comment Print

Introduction: On September 15, 2023, the Central Bureau of Investigation (CBI) made significant arrests in a bribery case involving a former Inspector and Dock Examiner at Mundra Port, Gujarat, who currently holds the position of Superintendent of Customs in Jamnagar. Additionally, a private individual was apprehended for facilitating the corrupt transaction. Detailed Analysis: The case […]

Is Bitcoin the Ultimate Crypto?

September 17, 2023 1212 Views 0 comment Print

Bitcoin, hailed as the pioneer of the cryptocurrency revolution, holds a dominant position in the digital currency landscape. Yet, as with any significant innovation, its journey is influenced by both internal mechanisms and external factors.

CESTAT dismissed appeal for enhancement of redemption fine & penalty

September 17, 2023 579 Views 0 comment Print

A deep dive into CESTAT Kolkata’s ruling in Commissioner of Customs Vs K.K. Woollens, where the court confirmed penalties for undetermined imports of used clothes.

Capital Gains in case of a unit of Specified Mutual Fund & Market Linked Debentures

September 17, 2023 7116 Views 0 comment Print

Tax implications of investing in specified mutual funds and market-linked debentures (MLDs) post-amendment under Section 50AA, with examples.

Section 48: Indexed Cost of Acquisition in case of instalments purchase

September 17, 2023 24381 Views 2 comments Print

Learn how to calculate period of holding and indexed cost of acquisition for property acquired through allotment letters or sale agreements under Section 48 of Income Tax Act.

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