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Archive: 11 June 2024

Posts in 11 June 2024

RBI Approves $23.37M Exim Bank Credit to Guyana

June 11, 2024 525 Views 0 comment Print

RBI approves $23.37 mn Exim Bank line of credit to Guyana for procuring Hindustan 228-201 aircraft. Learn more about the agreement and terms.

International Trade Settlement in INR: Opening of additional Current Account for settlement of trade transactions

June 11, 2024 2061 Views 0 comment Print

RBI allows AD Category-I banks to open special accounts for both export and import trade settlements in INR. Learn more about the new circular.

AO Cannot Uniformly Apply 40% Expense Benchmark to Agricultural Revenue

June 11, 2024 1230 Views 0 comment Print

Read the detailed analysis of Chaudhari Nanubhai Jeshingbhai (HUF) Vs DCIT case where the ITAT Ahmedabad ruled on reducing agricultural income based on expenditure claimed by the assessee.

ITAT deletes addition of interest based on principle of presumption regarding interest-free funds

June 11, 2024 1008 Views 0 comment Print

The case of Eknath Ramkrisnanrao Salve Vs. Income Tax Officer (ITAT Pune) revolves around three primary issues: the taxability of subsidy received, disallowance of interest on interest-free advances, and disallowance of agricultural income on an estimated basis.

Adult’s Right to Solemnise Marriage or Live with Person of Choice Protected Under Article 21: Allahabad HC

June 11, 2024 1005 Views 0 comment Print

The Allahabad HC affirms that adults have the right to marry or live with anyone of their choice under Article 21, criticizing judicial overreach in recent case.

Allahabad HC Criticizes UP Police’s Handling of Cyber Crimes & Non-Consensual Image Misuse

June 11, 2024 591 Views 0 comment Print

Allahabad High Court criticizes Uttar Pradesh police for shoddy investigation into cyber crimes, particularly sharing non-consensual images, urging strict action. Detailed analysis & directives.

Indian Money Market and Types of Instruments in Indian Money Market

June 11, 2024 1983 Views 0 comment Print

Explore the Indian money market and its instruments like Call Money, Treasury Bills, Commercial Papers, and more, vital for short-term financial needs.

Representation against Proposed Amendment In Section 43B of Income Tax

June 11, 2024 5562 Views 0 comment Print

Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and suggested modifications.

जीएसटी एक्ट में धारा 16(4) पूर्व विस्तारित दिनांक जुलाई 2017 से लागू होना चाहिए

June 11, 2024 3204 Views 0 comment Print

केरल उच्च न्यायालय ने जीएसटी एक्ट की धारा 16(4) की समय सीमा को बढ़ाते हुए 1 जुलाई 2017 से इसे लागू करने का निर्देश दिया है। विस्तृत जानकारी के लिए पढ़ें।

ITAT Rulings on TP Adjustments, ESOP Expenses & Section 14A Disallowance

June 11, 2024 1194 Views 0 comment Print

Tribunal upholds CIT(A) decisions in DCIT Vs Astral Limited case, offering key insights on TP adjustments, ESOP expenses, and Section 14A disallowance.

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