Delhi High Court held that the notice under Section 274 of the Income Tax Act should have been issued before the period of limitation as prescribed under section 275(1)(c) of the Income Tax Act.
FedEx Express Transportation and Supply Chain Services (India) Private Limited Vs DCIT (ITAT Mumbai) The case of FedEx Express Transportation and Supply Chain Services (India) Private Limited Vs DCIT (ITAT Mumbai) revolves around the validity of a Transfer Pricing order, draft assessment order, and the consequent final assessment order. The key contention is whether the […]
In a recent judgment, the Madras High Court permitted a 60% depreciation rate on computer software licenses, emphasizing the specific entry in the tax laws and clarifying the treatment of non-compete fees as revenue expenditure.
In this comprehensive guide, we will explore the intricacies of cost sheets, their purpose, the format they follow, and their profound impact on decision-making within organizations.
Participate in IFSCA’s call for suggestions on Bullion Exchange Regulations 2020 review. Contribute to shaping future policies for the precious metals industry in IFSC
The FATF’s latest update highlights high-risk jurisdictions and those under increased monitoring for AML/CFT deficiencies. Get the details here.
IFSCA warns the public about Nyara Consultancy Services’ unauthorised activities in the International Financial Services Centre. Protect your investments with IFSCA guidance.
Explore Section 197 & 198 of Companies Act, 2013 on director remuneration. Learn limits, approval, and penalties for public company remuneration.
ITAT Ahmedabad held that addition towards unexplained cash credit under section 68 of the Income Tax Act rightly deleted by CIT(A) as documentary evidences proving identity, creditworthiness of the parties and genuineness of the transaction were not proved to be defective by revenue.
CESTAT Kolkata held that provisions of rule 6(3) of the CENVAT Credit Rules, 2004 is not applicable when CENVAT Credit attributable to non-excisable goods not availed. Accordingly, demand set aside.
