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Delhi HC Allows Depreciation on Goodwill created due to amalgamation

August 12, 2023 1806 Views 0 comment Print

Analysis of PCIT vs Eltek SGS Pvt Ltd case. Delhi High Court upholds the allowance of depreciation on goodwill arising from an amalgamation despite no cash payment.

CESTAT Allows CENVAT Credit on Helmet Locks supplied with motorcycles

August 12, 2023 207 Views 0 comment Print

Analysis of Hero Motocorp Ltd vs Commissioner of Central Excise case. CESTAT Chandigarh allows CENVAT credit on helmet locks supplied with motorcycles as accessories.

Bharatiya Nagarik Suraksha Sanhita, 2023 bill introduced in Lok Sabha

August 11, 2023 1884 Views 0 comment Print

Explore the Bharatiya Nagarik Suraksha Sanhita 2023 (Bill No. 122 of 2023) aimed at fast-tracking justice, leveraging technology, and citizen-centric criminal procedures

HC Quashes Appeal as No Incriminating Material Found During Income Tax Search

August 11, 2023 450 Views 0 comment Print

Delhi High Court dismisses the Income Tax Departments appeal against Meera Gupta for Assessment Years 2009-10, 2011-12 & 2013-14, affirming SC ruling.

Delhi HC Invalidates Income Tax Notice Over Mistaken Property Ownership

August 11, 2023 381 Views 0 comment Print

Delhi HC quashed an Income Tax notice issued on the mistaken belief of property ownership in Mansi Garg & Ors Vs CIT directing correction.

SEZ Unit Eligible for Service Tax Refund on services outside SEZ for Authorized SEZ Operations

August 11, 2023 288 Views 0 comment Print

CESTAT Ahmedabad ruled that services received outside SEZ are eligible for a refund of Service Tax under Notification No. 09/2009-ST dated 03.03.2009 as amended by Notification No. 15/2009-ST dated 25.05.2009, in Zydus Hospira Oncology case.

FCI’s Goods Weighment Not Considered “Business Auxiliary Service” by CESTAT

August 11, 2023 504 Views 0 comment Print

CESTAT Chandigarh rules weighment by Food Corporation of India (FCI) doesnot fall under Business Auxiliary Service nullifying service tax demand.

Main user allowed to grant access to IRNs generated by them to sub-user: NIC

August 11, 2023 1308 Views 0 comment Print

Learn about latest updates in user management at National Informatics Centre, including sub-user access to e-Invoices and IRNs generated by main user.

ICAI CA Foundation Exam June 2023: Results & Analysis

August 11, 2023 1056 Views 0 comment Print

Check the results and analysis of the ICAI Chartered Accountants Foundation Exam held in June 2023. Pass percentage and gender-wise performance insights provided.

Government of National Capital Territory of Delhi (Amendment) Act, 2023

August 11, 2023 519 Views 0 comment Print

Explore the amendments introduced by the Government of National Capital Territory of Delhi (Amendment) Act, 2023. Learn about new provisions, authorities, and more.

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