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Archive: November, 2023

Posts in November, 2023

Understanding the Significance of India’s Forex Reserves

November 26, 2023 2181 Views 0 comment Print

Learn why India’s Forex Reserves are a crucial asset for economic health and growth. Understand how the four components of the Foreign Exchange Reserves influence market movements. A guide to RBI’s data on Forex Reserves.

Notification dated 29.01.2020 revoking MEIS benefit retrospectively is unsustainable

November 26, 2023 1884 Views 0 comment Print

Delhi High Court held that the notification dated 29th January 2020, retrospectively revoking the benefit under the Merchandise Exports from India Scheme (MEIS) in respect of Flexible Intermediate Bulk Container bags, with effect from 7th March 2019, is unjustified and unsustainable in law.

ITAT Deletes Addition of share capital & premium: AO Fails to Cite Investments Outside Books

November 26, 2023 1464 Views 0 comment Print

Explore the detailed analysis of the ITO Vs. Direct Trading Co. case at ITAT Delhi, focusing on unexplained share capital, share premium, and investment additions.

Bombay HC quashes Reassessment against Non-Existent Entity with Active PAN

November 26, 2023 3384 Views 0 comment Print

Learn about Bombay High Court’s Quashing of Reassessment notice by the Tax Department against a non-existent entity with an active PAN in this AY 2016-17 and AY 2017-18 case study.

Rule 9 of Central Excise Valuation Rules not applicable if Goods Sold to Both Related & Independent Buyers

November 26, 2023 1401 Views 0 comment Print

Jai Ba Metals Vs CCE (CESTAT Chandigarh) – Rule 9 will not be applicable When the goods are sold to related persons as well as to independent buyers 

Supplier Non-Response Doesn’t Invalidate Appellant’s Pulping Machine Ownership

November 26, 2023 543 Views 0 comment Print

Mere lack of supplier response won’t invalidate appellant’s Kraft Paper production. Find out more about this CESTAT Ahmedabad order in this blog post!

HC Grants Anticipatory Bail in Case of ₹6.04 Crores Loss to State Exchequer

November 26, 2023 1065 Views 0 comment Print

Explore the case of Madhur Marwah seeking anticipatory bail in a forgery case. Analysis of legal arguments, charges, and court’s decision by Allahabad High Court.

Role of Regulatory Bodies and Intermediaries in Insolvency Proceedings

November 26, 2023 2073 Views 0 comment Print

Discover how regulatory bodies & intermediaries play a key role in insolvency proceedings. Learn the importance of compliance and economic stability in avoiding financial distress!

Vice President Emphasizes Crucial Role of Chartered Accountants

November 26, 2023 1287 Views 0 comment Print

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: MoU for Sharing Resources Signed

November 26, 2023 996 Views 0 comment Print

NACIN and NADT collaborate on sharing resources, tech, and best practices: Memorandum of Understanding signed. #MoU #NACIN #NADT

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