SEBI expanded audit eligibility to include cost accountants for Investment Advisers. The ruling broadens the professional base and strengthens compliance oversight.
SEBI postponed implementation of intraday borrowing guidelines after concerns from AMCs. The ruling provides additional time for compliance while ensuring regulatory objectives are met.
The issue is whether renting of immovable property is taxable under GST. The key takeaway is that residential renting may be exempt, while commercial renting is generally taxable.
The Tribunal held that distribution of Cenvat credit among units was optional prior to the 2016 amendment. Availing full credit in one unit was found legally valid, leading to the setting aside of the demand.
Geopolitical tensions are forcing reassessment of ECL assumptions under IFRS 9. The key takeaway is that forward-looking risk adjustments are essential to avoid misstatement of financial assets.
The article explains how pricing is set across different capital raising methods. The key takeaway is that pricing depends on regulatory formulas, valuation methods, and market forces.
The issue was whether rejection of books and GP estimation was justified due to missing records. ITAT upheld the addition, ruling that failure to produce bills, vouchers, and stock records justified estimation.
The department alleged irregular credit distribution under Rule 7. The Tribunal found full disclosure in statutory returns and no mala fide intent. The ruling emphasizes transparency as a defense against extended limitation.
The department argued that credit must be split across units. The Tribunal ruled that Rule 7 allowed discretionary distribution. The decision clarifies the scope of ISD credit rules before amendment.
The issue was whether repayment of loans through banking channels proves genuineness under Section 68. ITAT Delhi held it does not, ruling that bogus loans remain unexplained even if repaid.
