Delhi High Court upheld the remand order passed by Sessions Court, in the money laundering case registered against Vivo, concluding that Section 19 of PMLA was duly complied with and thereafter the accused persons were remanded to the custody of Directorate of Enforcement.
The case centered on a circular that imposed limitations on the cumulative adjustment of ITC, contrary to the statutory provisions. The Court held that circulars cannot override statutory law.
Explore the latest GST updates impacting unregistered sellers on e-commerce platforms in India. Uncover the simplified processes, compliance measures, and opportunities for businesses. Stay informed and adapt to the evolving landscape.
Discover how cricket players handle income tax complexities during World Cup. Learn about tax implications for earnings, prizes, and endorsements.
Explore the effects of recent regulatory changes on banks’ fixed income portfolios, including shifts in classification, valuation, and accounting methods. Understand how these changes may influence the bond market and bank operations.
Learn about National Livestock Mission, goat farming, breeding, and benefits of goat farming in India. Discover how to start your profitable goat farming business with our detailed project report.
Read about case of HIROTEC India Private Limited vs. Assessing Officer, where Madras High Court set aside an assessment order due to a violation of natural justice.
Read case of Renga Fabricators Private Limited vs. ACIT/ITO, where an outdated email notice led to quashing of an assessment order by Madras High Court.
Explore the case of Daechang Seat Co. Ltd. Vs DCIT at ITAT Chennai, involving a ‘conflict of interest’ issue. Learn about legal principles, professional conduct, and how it impacts income-tax proceedings
Explore significant changes introduced by Reserve Bank of India in Foreign Exchange Management (Debt Instruments) Regulations for 2023.
