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Jharkhand HC Grants Bail To Hemant Soren In Money Laundering Case

June 29, 2024 129 Views 0 comment Print

Jharkhand High Court has recently granted bail to Hemant Soren, the former Chief Minister of Jharkhand, in connection with a high-profile money laundering case.

जीएसटी के सात वर्ष – कैसा रहा अब तक का यह सफ़र

June 29, 2024 540 Views 0 comment Print

पिछले सात वर्षों में भारत में वस्तुओं और सेवाओं पर जीएसटी के प्रभाव का अन्वेषण करें। इसके कार्यान्वयन, सामना की गई चुनौतियों और आगे की राह के बारे में जानें।

SEBI (PIT) (Second Amendment) Regulations, 2024: Analysing Key Changes

June 29, 2024 198 Views 0 comment Print

Explore key amendments in SEBI (PIT) (Second Amendment) Regulations, 2024. Understand the implications for trading plans and insider trading.

Hijab Ban on College Campus Serves Larger Academic Interest & Prevents Religion Disclosure: Bombay HC

June 29, 2024 273 Views 0 comment Print

Bombay High Court banned hijab in college campus. It has also made clear that students are free to wear any dress outside college and dress code would be applicable only in college.

Demystifying Transfer Pricing

June 29, 2024 237 Views 0 comment Print

Learn about transfer pricing, its importance, methods, documentation, penalties for non-compliance, and advanced pricing agreements in India.

Delay in filing appeal due to filing of rectification petition can be condoned

June 29, 2024 363 Views 0 comment Print

Madras High Court condones delay in appeal filing due to rectification petition in Tvl. SKL Exports v. Deputy Commissioner (ST)(GST)(Appeal).

Navigating GST Clarity: Key Insights from Recent CBIC Circulars & Future Expectations for Small Taxpayers

June 29, 2024 645 Views 0 comment Print

To bring recommendations of 53rd GST Council meeting to life and address longstanding industry concerns, CBIC issued 16 comprehensive GST circulars on June 26, 2024.

Penalty not leviable on wrongly availed ITC, reversed without utilization

June 29, 2024 369 Views 0 comment Print

Madras High Court in Greenstar Fertilizers Limited v. The Joint Commissioner (Appeals) clarifies that penalties under CGST Act Section 74 do not apply to unutilized ineligible Input Tax Credit (ITC).

Judicial Interpretation of Income Tax Law in India

June 29, 2024 588 Views 0 comment Print

Introduction to Judicial Interpretation of Income Tax Law in India The judicial elucidation of income tax legislation in India plays a pivotal role in shaping the contours of the nation’s taxation regime. Given tax statutes’ intricate and often convoluted nature, the judiciary’s part in expounding and construing these laws becomes indispensable. Over the years, Indian […]

Understanding SA 320 – MATERIALITY

June 29, 2024 267 Views 0 comment Print

SA 320 states that misstatements, including omissions, are considered to be material if they, individually or in the aggregate could reasonably be expected to influence the economic decisions of the users taken on the basis of the financial statements. The objective of the individual auditor is to obtain a reasonable assurance about whether the financial […]

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