Delhi High Court rules in CIT Vs Vardhman Overseas Ltd. that non-payment to creditors, shown in balance sheets, doesn’t imply benefit under Section 41(1) IT Act, safeguarding the principle against double taxation benefits.
Explore the latest RBI circular (RB I/2023-24/90) advising regulated entities on AIF investments, addressing concerns of evergreening through new guidelines.
Stay informed on the latest Income Tax Rule changes with Notification No. 104/2023 by the Ministry of Finance. Learn about amendments and their impact.
Stay vigilant against COVID-19 surge! Centre issues advisory to states, emphasizing vigilance, district-wise monitoring, and increased testing. Read more.
Explore the steps taken by the Ministry of Finance to empower farmers with increased credit access. Learn about RBI guidelines, Kisan Credit Card benefits, and financial support for small and marginal farmers.
Explore the penalty order against Yuvraj International Limited for violating Section 92 of the Companies Act, 2013. Detailed analysis, findings, and consequences.
West Bengal GST update: E-Way Bill requirement raised to Rs. 1,00,000+, and no E-Way Bill needed for job work. Notification 03/2023-C.T./GST abeyance details.
Competition Commission of India dismisses the case against Air India. Learn why the allegations lacked evidence of cartelization or bid-rigging, leading to the dismissal.
Explore the implications of IIT Big Data Software on GST notices in Assam. Understand the criteria for dropping proceedings and ensuring compliance. Read more.
RBI assigns Lead Bank role to Union Bank for Mauganj, a newly formed district in Madhya Pradesh. Details on the decision and its implications for the region.
