Mumbai Customs Zone III facilitates trade with India-Korea CEPA by accepting printed e-CoOs for defacement, reducing clearance time. Read the notice here.
Explore implications of Notification No. 21/2024 from Indias Ministry of Finance regarding the tax information exchange pact with Samoa. Learn more here.
ITAT Kolkata held that it is unjustified to assess share capital and share premium as unexplained cash credit u/s. 68 merely for high share premium as identities and creditworthiness of the share applicant and genuineness of the transactions duly established.
ITAT Kolkata held that addition u/s. 68 as unexplained cash credit unjustified as assessee has filed all the evidences concerning transactions to establish the identity and creditworthiness of the lenders and to prove the genuineness of the transactions.
ITAT Mumbai held the goodwill arising on business reorganization i.e. amalgamation, slump sale, demerger etc. is a depreciable intangible asset under section 32 of the Income Tax Act.
ICAI Disciplinary Committee finds CA. Sanjay Kumar Agarwal guilty of professional misconduct. The order details the charges, defense arguments, and the Committee’s decision.
ICAI Disciplinary Committee orders one-year removal of CA Himani from membership for professional misconduct in a Rs. 118 crore GST fraud.
Learn how recent tax code amendments (Section 43B(h)) impact businesses’ deductions for Micro and Small Enterprise (MSE) payments. Don’t let delays catch you off guard!
Explore the latest amendments to the Securities and Exchange Board of India (SEBI) Employees Service Regulations 2024. Understand changes in recruitment and promotion processes.
The Paytm Bank breach of RBI’s KYC norms raises concerns about compliance in the financial sector. Explore the implications of non-compliance, RBI directives, and the impact on national security.
