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Karnataka HC Suspends Recovery Due to Cryptic Stay Order

June 7, 2023 336 Views 0 comment Print

Karnataka HC Suspends Recovery in Rajya Vokkaligara Sangha Vs CIT (Exemptions) Due to Cryptic Stay Order assigning absolutely no reasons

Benefit of no duty import allowed when goods jointly imported by financing company and EOU

June 7, 2023 900 Views 0 comment Print

CESTAT allowed Export Oriented Unit (EOU) and financing company jointly to enjoy the benefit of no duty imports when imported goods used by EOU.

Section 80P(2)(a)(i) deductions allowed on interest from nationalized bank deposits to Co.op. Credit societies

June 7, 2023 1104 Views 0 comment Print

Explore the landmark ruling by ITAT Pune on deductions for interest income from deposits with a nationalized bank, as illustrated in the Subordinate Engineers Association MSEB Co.op. Credit Society Ltd Vs ITO case.

Draft Guidance Note – FAIS 410 : Applying Data Analysis

June 6, 2023 1023 Views 0 comment Print

Data Analytics (DA) being a dynamics area of practise, a lot rapid developments are underway, especially in the tools and solutions available to undertake Forensic Accounting and Investigation (FAI) engagements.

Draft Guidance Note – FAIS 350 : Review and Supervision

June 6, 2023 318 Views 0 comment Print

This Guidance Note (GN) with reference to FAIS 350, deals with review and supervision as an integral part of the operational framework.

Draft Guidance Note – FAIS 320: Evidence and Documentation

June 6, 2023 537 Views 0 comment Print

Forensic Accounting or Investigation (FAI) assignments is a fact-finding exercise seeking relevant and reliable evidences. Conclusions and reporting are dependent on the basis of evidence gathered and documents considered

Draft Guidance Note – FAIS 610 : Quality Control

June 6, 2023 363 Views 0 comment Print

This Guidance Note (GN) deals with practical application of Quality Control (QC) techniques to support the Professional in ensuring a consistent approach for an acceptable quality of work performed.

Draft Guidance Note – FAIS 120: Fraud Risk

June 6, 2023 768 Views 0 comment Print

FAIS 120 on Fraud Risk expects the Professional to understand the fraud risk concepts and apply these in a Forensic Accounting and Investigation (FAI) engagement

Classification of Optoma Creative Touch-3 Series Interactive Flat Panel (IFP)

June 6, 2023 1449 Views 0 comment Print

Explore the CAAR Delhi ruling on the classification of Optoma Creative Touch 3-Series Interactive Flat Panel (IFP) under Customs Tariff Act, 1975, Sub-heading 84714190.

Transfer from SEZ/FTWZ to DTA cannot be termed as ‘re-import’: CAAR

June 6, 2023 2460 Views 0 comment Print

Explore the Customs Authority of Advance Ruling (CAAR Delhi) decision on the re-import of goods from SEZ/FTWZ, analyzing the implications under Notification No. 45/2017-Cus.

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