A summary of EPS, a key financial metric, covering its calculation under AS 20 and Ind AS 33, including concepts like basic and diluted EPS and key adjustments.
Delhi High Court rules in favor of Central Plastics Pvt. Ltd., stating that taxpayers are not required to prove the “source of source” for share capital received before the 2012 amendment to Section 68.
The ITAT Mumbai ruled that the 60% tax rate under Section 115BBE applies to unexplained cash deposits for AY 2017-18, setting aside a lower rate.
The Karnataka High Court quashed a CBDT order rejecting an application from Anantharaja Charitable Trust, advocating a liberal approach to condoning delays.
ITAT Mumbai quashes addition for unexplained investments on land purchases in Hirji Parbat Gada vs ITO, remanding the issue to the AO to consider the DVO report.
Learn about fast track mergers under Section 233 of the Companies Act, 2013. This process simplifies mergers for specific companies by bypassing NCLT approval, saving time and costs.
CESTAT Chennai held that affixation of MRP on packages of imported goods containing quantity of more than 25 Kgs is not mandatory. Hence, differential duty demand for non-affixation of MRP cannot be sustained.
NCLAT Delhi held that no authorized correspondence brought on record which states that there was agreement between appellant and corporate debtor to cost incurred by appellant would be settled against license fee payable to Corporate Debtor. Thus, argument of appellant rejected.
Learn how SEBI’s 2025 ICDR amendments are impacting India’s IPO market. The changes aim to enhance transparency, streamline processes, and mature the public market.
A comparative analysis of AS 26 and Ind AS 38 for intangible assets in India. It covers recognition, measurement, and key differences for accountants and companies.
