The Bangalore ITAT held that an assessee need not prove that a debt has actually become irrecoverable to claim a bad debt deduction. The Tribunal ruled that a proper write-off in the books of account is enough to qualify for the deduction.
The CCI found a prima facie case against restrictive contractual clauses that allegedly prevented participants from joining competing pageants and controlled their professional activities. The matter has been referred to the Director General for investigation.
CAAR declined to entertain an advance ruling application on roasted areca nut classification after finding that the issue had already been decided by the Madras High Court. The Authority held that judicial precedent barred re-examination of the same question.
This article explains how the green card test and substantial presence test determine whether a foreign individual is taxed as a resident or non-resident alien in the United States. It highlights key filing obligations and compliance requirements.
The Bangalore ITAT held that a Section 40A(3) disallowance cannot be made on the assumption that cash payments might have exceeded statutory limits. The Tribunal deleted the addition after finding that records showed payments were made through banking channels.
Learn the complete registration and annual compliance requirements for Private Limited Companies under the Companies Act, 2013. The guide highlights critical filing deadlines and explains how delayed compliance can result in substantial penalties and regulatory action.
Practitioners are reportedly following different methods while completing GSTAT appeal forms because of inadequate guidance. The representation calls for a uniform approach supported by detailed instructions and examples.
ICAI has notified the Information Systems Audit (ISA) Assessment Test for 25 July 2026 in CBT mode. The announcement specifies eligibility conditions, examination centres, application dates, and fee details for registered ISA Course members.
Learn how strategic agendas, timely preparation, and active Director participation can transform Board meetings into powerful governance tools. The article explains best practices for improving decision-making and Board effectiveness.
Section 115BAA offers eligible domestic companies a concessional tax structure with a fixed effective rate. The trade-off is the loss of several deductions available under the normal regime.
