ITAT Ahmedabad held that addition u/s. 68 of the Income Tax Act towards long term capital gain treating sale of scrip as bogus on the basis of report unearthed in case of third party without any cogent material brought against assessee is unsustainable in the eye of law.
Explore the impact of amended Section 43B(h) under the Income Tax Act, 1961, effective from FY 2023-24. Learn about timely payments to MSME suppliers, disallowances, and the consequences for taxable income.
Navigate the complexities of Cost Auditor appointments, remuneration, removal, and resignation under the Companies Act, 2013. Learn about the criteria, timelines, and procedures for compliance.
Explore the significant alterations in GSTR-1 form on the GST Portal, addressing concerns about refund vouchers, table descriptions, and potential implications for taxpayers
Explore the Jharkhand High Courts landmark judgment on Section 125 CrPC, stating that documentary evidence is unnecessary; living together establishes marriage presumption
Nidhi companies have been introduced to encourage savings among the members of the Nidhi company. Nidhi companies are not difficult to incorporate and with no licensing and lesser regulatory guidelines become cheap and low-maintenance forms of Companies under the Companies Act.
Understand the transition from Accounting Standards (AS) to Indian Accounting Standards (IND AS) and its impact on financial reporting. Learn about IND AS applicability for companies, banks, insurance companies, and NBFCs.
Stay informed about recent SEBI regulations on Large Corporates, defining criteria, exclusions, and compliance frameworks. Explore amended guidelines effective April 1, 2024, impacting borrowing, credit ratings, and penalties.
Explore recent Supreme Court rulings (2023) on income tax issues. Highlights of key cases, analysis, and implications.
Explore the details of IRDAI new regulations, focusing on expense management and commission payments in the insurance sector. Learn about the key changes and their impact.
