ITAT’s decision favored Candor Kolkata One Hi-Tech Structures, allowing deductions under Section 80-IAB for on various incomes, including car parking, health club, food court, and interest.
NCLT Hyderabad rules Corpus Fund for homebuyers’ maintenance is not a financial debt under IBC. Analysis of Vasathi Anandi Owners Welfare Association vs. Vasathi Housing Ltd.
Notably, invoices and E-way bills containing details of purchases and movement of goods were not considered. The court emphasized that the order overlooked legitimate evidence supporting the petitioner’s claims.
Understand FCRA’s purpose: Regulating foreign contributions for national interest. Learn rules, eligibility, penalties, and FCRA forms. Stay compliant with the FCRA guidelines.
Explore impact of revised GST adjudication time limits under Section 73(10) of CGST Act, 2017. Understand extended timelines, compliance, and implications for taxpayers.
Explore FAQs on the recent amendment to Section 43B of the Income Tax Act, 1961, affecting MSME payments. Learn about applicability, consequences, and practical compliance.
Explore the Delhi High Court ruling in Sant Ram v. Delhi State GST. Understand the importance of Proper Officers independent decision on GST registration cancellation.
Learn from A.H. Enterprises vs. Deputy Commercial Tax Officer case. Madras HC mandates personal hearing under Section 75 of TNGST Act before tax order. Details here
This article discusses the background of the R&D Tax Credit, qualification requirements and the computation of the credit for businesses. The gradual recognition of the credit since 1981 and the effects of Section 174 on the R&D Tax Credit are reviewed in the text.
The Institute of Chartered Accountants of India (ICAI) announces the establishment of new branches in Muzaffarpur, Neemuch, Darbhanga, and Raigarh, expanding its regional presence.
