In the case of Navyug Cotton Company vs. ITO, ITAT Pune held that deduction for claimed bad debts can be allowed based on write-off, thereby eliminating the requirement to prove that debt actually became irrecoverable
Infres Methodex Private Limited Vs ACIT – Delhi High Court allows a 20% adjustment of refund against Income Tax demand
ICSI) marks a significant milestone as the practice side of the profession completes 35 years of recognition. Read about ICSI’s efforts in developing skilled professionals, establishing good corporate governance globally, and pursuing international accreditation. Contact details provided in the press release.
SEBI has issued a circular addressing the adherence to Regulation 51A of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 by Online Bond Platform Providers. This circular outlines the restrictions on product offerings, divestment requirements, and permissions for offering certain securities on online bond platforms. The circular highlights the need for Online Bond […]
Latest circular issued by SEBI regarding amendment to Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) for securities market intermediaries. Stay updated with the changes and ensure compliance with the new rules.
Delhi High Court ruled in favor of Roxy Enterprises, quashing GST registration cancellation made on grounds of firm being non-existent at its principal place of business.
Chhattisgarh High Court directs the Commissioner of Income Tax (Appeals) to decide on pending appeals of Gurdeep Singh Gill against Union Of India within a period of 90 days.
The Calcutta High Court quashes the Kolkata Municipal Corporation’s order to dismantle a hoarding over unpaid advertisement taxes, as no prior notice was issued to the petitioner
ITAT Chennai ruling in Gunaseelan Janaki Radha Vs ITO, dictating credit entries in current and savings accounts to be treated as gross receipts from business transactions, with an applicable profit rate of 8%
Gauhati High Court ruling in Malay Mukharjee Vs State of Assam, where bail was granted to accused involved in transportation of cough syrup without proper E-way Bill
