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Delhi HC Upholds Deduction of Liquidated Damages for Delayed Service Supply to BSNL & MTNL

December 26, 2023 423 Views 0 comment Print

Delhi High Court decision on ITA 719/2023: Upholding deduction of liquidated damages by UT Starcom Inc. based on evidence for delayed service to BSNL and MTNL

Delhi HC Allows Dubai Travel After Charge Sheet: Gorav Gupta Case

December 26, 2023 465 Views 0 comment Print

Delhi High Court grants permission for Gorav Gupta to travel to Dubai for two months after filing the charge sheet. Prior approval from the trial court mandated.

Gujarat HC Denies Bail in ITC Scam: Hitendra Shah Case

December 26, 2023 654 Views 0 comment Print

Gujarat High Court rejects Hitendra Shah’s pre-arrest bail plea in the GST input tax credit scam involving false documents. Serious economic offense charges stand.

Deloitte Haskins & Sells LLP Audit Quality Inspection 2022 Report

December 26, 2023 2373 Views 0 comment Print

Explore NFRA Inspection Report 2022 on Deloitte Haskins & Sells LLP, uncovering critical audit quality assessments, non-compliance issues, and recommendations for improvement.

NFRA Inspection Report 2022: Key Observations on B S R & Co. LLP’s Audit Quality

December 26, 2023 1806 Views 0 comment Print

Explore the National Financial Reporting Authority’s (NFRA) latest inspection report on M/s B S R & Co. LLP for the year 2022. Uncover key observations, including non-compliance issues and areas for improvement in audit quality.

IFSCA Establishes Expert Committee for Transition Finance Framework

December 26, 2023 504 Views 0 comment Print

Discover the pivotal steps taken by IFSCA as an expert committee is formed to shape a regulatory framework for transition finance, driving sustainable development globally. Explore more at IFSCA.

AO’s Failure to Specify Section 271(1)(c) Charge Detrimental to Penalty Proceedings

December 24, 2023 666 Views 0 comment Print

Explore the confusion surrounding Section 271(1)(c) penalty in PCIT Vs Modi Rubber Ltd. (Delhi High Court). Lack of clarity on concealment or inaccurate particulars raises questions.

Calcutta HC explains tax treatment of sub-licensing income from shops & services

December 24, 2023 531 Views 0 comment Print

Explore judgment of Calcutta High Court in case of Oberoi Building & Investment (P) Ltd. vs. CIT. Learn about tax treatment of sub-licensing income from shops and services.

Section 147 reopening notice issued in the name of dead person is invalid

December 24, 2023 3393 Views 0 comment Print

Madhya Pradesh High Court declares Section 147 notice issued in the name of deceased person for the assessment year 2018-19 as invalid, quashing all related proceedings.

HC set-aside Mechanical retrospective GST registration cancellation

December 23, 2023 639 Views 0 comment Print

Read the Delhi High Court judgment on Saroj Gagneja’s case against retrospective GST registration cancellation. Learn why the court deemed the cancellation unjust and the fair process upheld.

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