Deduction under Section 57 was allowable on the cost of funds and proportionate administrative expenses for earning interest income to the extent of Rs.9,05,550/-.
Explore the differences between Indian Accounting Standards (IND AS) and the Income Tax Act in calculating taxable profit. Part 1 covers adjustments, additions, and deductions affecting entities under IND AS
CESTAT Delhi held that that refund has to be granted to the respondent as the order for amendment in the Bills of Entry had attained finality.
Explore the complexities of GST on employee secondment. Unravel recent judicial decisions, implications on taxation, and the crucial role of secondment agreements. Stay informed and compliant.
Delhi High Court held that upward adjustment advertising, marketing and promotion expenses (AMP) rejected as reimbursement of AMP expenses incurred by respondent (Sony India) on behalf of its AE was at arm’s length.
Kerala High Court, in Chukkath Krishnan Praveen vs State of Kerala, allows rectification in GSTR-3B when Input Tax Credit (ITC) is erroneously accounted as Integrated Goods and Services Tax (IGST) credit instead of Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) credit. Explore the details of the judgment and its implications.
Government of India’s Ministry of Corporate Affairs imposes penalties on Yuvraj International Limited and its directors for breaching Section 137 of the Companies Act, 2013
Bombay High Court’s landmark judgment sets aside murder conviction, sentencing the accused for culpable homicide. Detailed analysis of the sudden occurrence on a petty count and its legal implications.
In a historic judgment, the Supreme Court of India, led by Chief Justice Dr. Justice D.Y. Chandrachud, upheld the abrogation of Article 370 of the Constitution.
Get insights from the CBICs 2nd National Coordination Meeting, performance review, and anti-evasion efforts. Stay informed about GST practices and legal advancements
