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Archive: 19 October 2023

Posts in 19 October 2023

SC Urges Rajasthan HC for Urgent Relief in Perishable Goods Confiscation under GST Act

October 19, 2023 1218 Views 0 comment Print

The Supreme Court of India allows Kaushal Export to seek urgent interim relief for confiscated perishable goods under the GST Act and directs the Rajasthan High Court to consider the matter.

35 FAQs on Foreign Trade Agreements (FTAs) executed by India

October 19, 2023 2220 Views 0 comment Print

Explore India’s extensive bilateral and multilateral agreements, including FTAs. Learn about trade pacts, their benefits, and the impact on international trade.

Understanding IND AS: Meaning and Applicability to Various Entities

October 19, 2023 17163 Views 1 comment Print

IND AS is a set of accounting principles to regulate financial statements and improve global comparability. Know meaning and applicability of IND AS to various entities.

High Court Clarifies Doctrine of Mutuality in Deloitte Touché Tohmastu Case

October 19, 2023 2616 Views 0 comment Print

Delhi High Court’s landmark judgment in CIT vs. Deloitte Touché Tohmastu clarifies mutuality doctrine, impacting taxation of entities. Analysis of key principles and implications.

Addition u/s. 69C treating share transactions as bogus only based on statement of broker unsustainable

October 19, 2023 1737 Views 0 comment Print

ITAT Mumbai held that addition under section 69C of the Income Tax Act treating share transactions as bogus merely on the basis of statement of the broker is unsustainable and bad-in-law.

Renovation & refurbishment of hotel rooms & other facilities are revenue expenditure

October 19, 2023 2565 Views 0 comment Print

Delhi High Court held that the renovation and refurbishment of the rooms, including washrooms and other facilities in the hotel which only improves efficiency of source of profit/income are revenue expenditure.

Leave & License Fee assessable under Profits & Gains of Business

October 19, 2023 3507 Views 0 comment Print

ITAT Mumbai held that the Leave & License Fee is assessable under the head “Profits & Gains of Business” and not under “Income from House Property”.

The Power of Public Cloud: Scalability & Efficiency

October 19, 2023 1122 Views 0 comment Print

Explore dominant features of public cloud, its cost efficiency, scalability, and global reach. Discover top public cloud providers in market.

Refund under Notification No. 41/2012-S.T.: CESTAT Orders Re-adjudication

October 19, 2023 720 Views 0 comment Print

CESTAT Chennai directs re-adjudication in eShakti.com’s case concerning eligibility for refund/rebate under Notification No. 41/2012-S.T. Detailed analysis and implications.

Punjab Dental Council: Tax Exemption on Specified Incomes

October 19, 2023 975 Views 0 comment Print

Explore the Ministry of Finances latest notification granting tax exemption to the Punjab Dental Council for specific income sources. Learn the conditions and implications.

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