1. The Institute of Chartered Accountants of India (ICAI) President, CA Nihar N. Jambusaria while addressing Members regarding the Latest Developments at ICAI, said that the Institute has Good Coordination with National Financial Reporting Authority (NFRA) on Revised Accounting Standards and directed the members not to …
Judgment:- In a relief to the State Bank of India (SBI), the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition made on account of deferred payment guarantee commission. Interpretation of law & Conclusion:- The Coram of Judicial Member, Saktijit Dey, and Accountant Member, …
Judgement:- The Maharashtra Authority of Advance Ruling (AAR) ruled that the 18% GST payable on Aluminium Composite Panel or Sheet. Facts of the case:- The applicant, M/s. Aludecor Lamination Private Limited is engaged in the manufacturing of Aluminium Composite Panels/sheets, (ACP Sheets) in Haridwar, Uttarakhand, India. …
Judgment:- In a major relief to the Bharat Coking Coal, the Kolkata Bench Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the cenvat credit cannot be denied for setting up of Coal Handling Plant (CHP) used for evacuation of coal by rapid loading process. …
The Institute of Chartered Accountants of India (ICAI) has notified the re-Opening of Online filling up of Examination Application Forms for ICAI Chartered Accountants Examinations December 2021 for Two Days from 11th October 2021to 12th October 2021. “Considering the prevailing COVID-19 situation and in the interest …
1. The Central Board of Direct Taxes (CBDT) has issued the order extending the period for admitting applications for settlement up to September 30, 2021 (filed after January 31, 2021) on behalf of the Interim Board and treat such applications as valid and process them as …
The Orissa High Court quashed the quashes FIR against the Trustee for conspiring with the Accountant to bribe GST officials for the audit process. Facts of the case:- The Petitioner, Mukti Kanta Mishra is a founder trustee of Centurion School of Rural Enterprise Management Trust since …
1. The Securities and Exchange Board of India (SEBI) met in Mumbai on Tuesday under the Chairmanship of Mr.Ajay Tyagi. The Part-Time Members joined the meeting through video conferencing. The Board, inter-alia decided to relax the eligibility requirements related to the Superior Voting Rights Shares framework. …
Judgment:- The Kerala High Court ruled that the high court was not empowered to waive the payment of interest under Customs Act as it is a statutory imposition. Facts of the case:- Mr. C.K. Karunakaran for the petitioner, Pomsy Food Products contended that proceedings of the …