Karnataka High Court rules Ace Designers’ write-off of foreign subsidiary investment is a business loss, not capital loss, citing commercial expediency.
ITAT Delhi overturns Rs. 74 lakh penalty on Singh Consultancy. Notice ambiguity in Section 271(1)(c) proceedings deemed fatal, reinforcing clarity in tax charges.
DGFT sets SION A-3686 for Sodium Citrate export under FTP 2023, allowing import of 0.740 kg Citric Acid Monohydrate per 1 kg of exported product.
The Supreme Court of India dismissed petitions from major telecom companies seeking relief on AGR dues, including interest and penalties, following previous adverse rulings.
SC affirms Karnataka HC ruling on GST Rule 86A, reinforcing need for pre-decisional hearings and independent evidence before blocking Electronic Credit Ledgers.
ICMAI issues revised Code of Ethics for CMAs, effective June 1, 2025, including independence standards for audit and assurance engagements.
Learn about environmental costing, including GHG emission scopes (1, 2, 3), other environmental impacts like water and waste, and the Holistic Environmental Costing framework for businesses.
Explore updated RBI FAQs on KYC, covering account opening, document requirements, V-CIP, CKYCR, periodic updates, and inoperative accounts for regulated entities.
CBI apprehended a CGST Superintendent and a tax advocate in Amroha for allegedly accepting a ₹1 lakh bribe as the first installment of a ₹4 lakh demand to waive a GST penalty.
Check your provisional empanelment status and point score for 2025-26 on care.cag.gov.in. Submit error rectifications by June 18, 2025.
