The CBIC issues the third amendment to the Sea Cargo Manifest and Transshipment Regulations, extending transitional provisions for specific ports.
ITAT Bangalore held that TCS credit is allowed to the entity conducting the business, irrespective of the fact that the liquor license was in the name of another person. Accordingly, TCS credit allowed.
ISA 600 draft may impact small audit firms in India by concentrating audit work among larger firms. A balanced approach is needed to protect SMPs and the audit ecosystem.
Understand when the holding period for residential property starts: date of allotment vs. date of agreement. Learn its impact on capital gains tax classification.
Stay compliant with FY 2023-24 deadlines. Key dates for AGM, financial statements, and ROC filings. Ensure timely actions to avoid penalties and maintain compliance.
Explore how investor personhood is reshaping corporate law, emphasizing shareholder freedom and intrinsic value beyond financial returns.
Learn about the GST registration process, required documents, and exemptions under India’s GST Act, 2017. Understand who needs to register and key exemptions.
ITAT Ahmedabad held that assessment order passed by AO without conducting adequate inquiry is erroneous and prejudicial to the interest of revenue and hence revisionary proceeding under section 263 rightly invoked by PCIT.
ITAT Jaipur held that with regard to the issue of registration u/s. 12AB of the Income Tax Act, the assessee require one more opportunity to represent the correct fact and produce the registration certificate under Rajasthan Public Trust Act.
ITAT Ahmedabad held that invocation of revisionary power under section 263 of the Income Tax Act sustained as AO failed to conduct proper enquiries and verifications during original assessment proceedings.
