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.
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.
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.
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.
ITAT Mumbai held that the Leave & License Fee is assessable under the head “Profits & Gains of Business” and not under “Income from House Property”.
Explore dominant features of public cloud, its cost efficiency, scalability, and global reach. Discover top public cloud providers in market.
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.
Explore the Ministry of Finances latest notification granting tax exemption to the Punjab Dental Council for specific income sources. Learn the conditions and implications.
The Ministry of Finance, Department of Revenue, has issued a significant notification, No. 60/2023-Customs, dated 19th October, 2023, aimed at amending Notification No. 50/2017-Customs. These amendments have been introduced to implement the recommendations made by the GST Council during its 52nd Meeting concerning changes in GST rates on goods. In this article, we will delve […]
Delhi High Court invalidates final assessment order due to failure to pass a draft assessment order in Sinogas Management PTE LTD vs. DCIT case.
