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Archive: 12 November 2024

Posts in 12 November 2024

Police, Prosecutors Must Not Frame Innocent By Presenting Selective Evidence: HP HC

November 12, 2024 15 Views 0 comment Print

Himachal Pradesh HC stresses the need for police and prosecutors to avoid selective evidence and uphold justice, ensuring innocent people are not framed.

Key GST Updates, Legal Developments and Economic Forecasts

November 12, 2024 24 Views 0 comment Print

India’s 7% GDP growth forecast for 2024-25; GST updates, legal rulings, and changes in taxation and compliance for businesses. Key deadlines approaching.

NFRA Proposes revision of Quality & Auditing Standards despite ICAI disagreement

November 12, 2024 528 Views 0 comment Print

NFRA recommends revised standards on quality control and auditing, aligning with global practices. Proposed changes pending Central Government approval.

Beyond the Highs: A Fresh Outlook on India’s Market Dynamics & Investment Strategies

November 12, 2024 18 Views 0 comment Print

Explore India’s market dynamics, sectoral shifts, and investment strategies for retail HNIs in 2024, focusing on large-cap, mid-cap, and diversified portfolios.

Key Considerations for CAs Shifting to Private Practice

November 12, 2024 12 Views 0 comment Print

Learn the pros and cons of shifting to private practice as a Chartered Accountant, with insights on risk tolerance, confidence, debts, networking, and family support.

Latest Case Law Related to IBC – July to September 2024

November 12, 2024 78 Views 0 comment Print

Insights into recent Supreme Court and High Court judgments on IBC cases, covering corporate guarantees, auction timelines, liquidation, CIRP procedures, and CoC jurisdiction.

Comprehensive Guide to Fast Track Merger Under Section 233 of Companies Act 2013

November 12, 2024 30 Views 0 comment Print

Learn the step-by-step process for a fast track merger under Section 233 of the Companies Act, 2013, including eligibility, forms, and timelines.

CIT(A) directed to condone delay as it is alleged that addition is based on incorrect reporting by auditor

November 12, 2024 33 Views 0 comment Print

ITAT Bangalore directed CIT(A) to condone delay of 484 days in filing of an appeal and consider the issue on merits as it is alleged that the addition is made due to incorrect reporting by auditor.

Petition under Article 226 of the Constitution not entertained due to availability of alternative statutory remedy

November 12, 2024 33 Views 0 comment Print

Meghalaya High Court didn’t entertained petition under Article 226 of the Constitution, for demand raised by EPF authorities for payment of damages and dues, due to availability of alternative statutory remedy.

Reversal of provision of inventory written off due to obsolescence allowed: ITAT Bangalore

November 12, 2024 120 Views 0 comment Print

ITAT Bangalore held that deduction towards reversal of provision for inventory written off due to obsolescence allowable since the same stands offered to tax in the year in which provision was created.

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