In a recent address at the inaugural session of the ‘Global Professional Accountants Convention’ in Gandhinagar, Gujarat, the Vice President of India, Shri Jagdeep Dhankhar, shed light on the indispensable role of Chartered Accountants (CAs) in the economic landscape. Describing them as the financial equivalent of MRI and CT scans, the Vice President emphasized the […]
NACIN and NADT collaborate on sharing resources, tech, and best practices: Memorandum of Understanding signed. #MoU #NACIN #NADT
Expenditure incurred by assessee for conducting due diligence of a company which was eventually acquired by company is allowable as revenue expenditure
ITO Vs Meyer Apparel Pvt. Ltd (ITAT Delhi): Loan waiver for capital assets not taxable under Sec 28(iv) or 41(1) as cash receipt; not a remission of trading liability.
Explore the ITO vs. Papathiyammal Pitchai Educational Trust case at ITAT Chennai, where a dispute over the denial of Section 11 deduction unfolds for AY 2020-21.
ITAT Chennai upholds disallowance of registration fees and stamp duty for non-submission of evidence in case of Padmanabhan Mohan vs ITO.
Explore the case of Mohammed Sabir challenging his Customs Act conviction in Kerala High Court. Analysis of the judgment and its legal implications.
Once transaction value of goods imported from associated companies are at arm’s length price under Rule 3(3)(a) of Customs Valuation Rules, 2007 is accepted, Department cannot load 5% royalty to transaction value under Rule 10(1)(c) of Customs Valuation Rules, 2007
Explore Chettinad Cement appeal at CESTAT Chennai against denial of CENVAT credit on imported steam coal. Analysis of rules, legal precedents, and the tribunal decision.
Explore case of Paras Founders & Engineers vs. C.C.E. – a dispute regarding excise duty & SSI exemption oversight. Read the analysis, background, legal precedents & CESTAT’s decision.
