ITAT Chennai rules in favor of Mookambika Impex, stating that excess stock is due to regular business activities. Dive into the detailed analysis.
ITAT referred to SC’s judgment in CIT v. Rajasthan & Gujarati Charitable Foundation, Poona, which stated that an entity could claim both depreciation and application of income on asset in its purchase year.
Government of India, Ministry of Corporate Affairs penalizes Mayflower Infra Realty for violating Section 161 of Companies Act, 2013. Detailed analysis of the case and imposed penalty.
IFSCA specifies the following additional measures to be complied by all Regulated Entities: 1. In a cross-border wire transfer where the amount to be transferred is equal to USD 1000, every bank which is an ordering institution shall also comply with the requirements specified under clause 7.7.3(a) of the Guidelines.
Standard Input Output Norms (SIONs) for Leather, Leather Products and Footwear and General Note for Leather & Leather Products stand amended with effect from 15.09.2023. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Public Notice No. 30/2023-DGFT | Dated: 31st, August, 2023 Subject: Revised SION’s for the leather, leather products […]
Overview of proposed amendments by IFSCA for investments by International Financial Service Centre Insurance Office in 2023. Participate in public consultation.
NSE has now established a provision that requires the filing of the Abridged Prospectus in the XBRL (eXtensible Business Reporting Language) format.
An overview of latest tariff values for Edible Oils, Brass Scrap, Gold, Silver, and Areca Nut as amended by Notification No. 63/2023- Customs(N.T.) Dated: 31st August, 2023
The Ministry of Finance, Department of Revenue has released a new notification numbered 51/2023-Customs on 31st August 2023. This notification announces critical amendments to a previous notification, No. 11/2021-Customs, which dates back to 1st February 2021. The primary focus of the amendment is to exempt LPG, Liquified Propane, and Liquified Butane from the levy of […]
Ministry of Mines has made a significant move by issuing the Aluminium and Aluminium Alloys (Quality Control) Order, 2023. This order, backed by the Bureau of Indian Standards, aims to regulate the quality of various aluminium products within India. Set to come into effect three months after its publication, this order establishes key guidelines for […]
