• Excise/Custom

For imported goods, it is impossible to claim CENVAT credit. SC dismissed SLP of Deptt.

1 year ago

For imported goods, it is impossible to claim CENVAT credit and hence custom duty exemption can not be denied. Supreme…

  • GST

High Court grants bail to ITC scam accused as GST liability was not determined.

1 year ago

High Court grants bail to ITC scam accused as GST liability was yet to be not determined. In a recent…

  • Finance Ministry

Banking Laws Amendment Bill 2024 – Proposed amendments to auditor’s remuneration

1 year ago

Banking Laws (Amendment) Bill 2024 - Amendments related to auditor's remuneration to be decided by bank The Banking Laws (Amendment)…

  • Income Tax

List of 402 transfers/postings made in the grade of PCIT / CIT by CBDT

1 year ago

List of 402 transfers/postings made in the grade of PCIT / CIT by CBDT  CBDT has issued officer order making…

  • Excise/Custom

Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2024

1 year ago

Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2024 CBIC has notified phase-wise implementation of the Sea Cargo Manifest and…

  • Income Tax

CBDT rolls out Dispute Resolution Scheme (e-DRS), 2022, to minimise litigation

1 year ago

CBDT rolls out Dispute Resolution Scheme (e-DRS), 2022, to minimise litigation CBDT has rolled out Dispute Resolution Scheme (e-DRS), 2022,…

  • Income Tax

FAQ e-Dispute Resolution Committee and Form 34BC as per e-DRS 2022

1 year ago

FAQ e-Dispute Resolution Committee and Form 34BC FAQ e-Dispute Resolution Committee and Form 34BC. In pursuance of section 245MA of…

  • bankruptcy

Demanding bribe from directors of Corporate Debtor – IBBI absolves Insolvency Professional

1 year ago

Demanding bribe from directors of Corporate Debtor - IBBI absolves Insolvency Professional In a recent order, Disciplinary Committee of Insolvency…

  • ICAI

ICAI debars five Chartered Accountants found guilty of Professional Misconduct  

1 year ago

ICAI debars five Chartered Accountants found guilty of Professional Misconduct. In terms of the provisions of Section 21B(3) of the…

  • Income Tax

Order u/s 263 bad for not specifying how figure was arrived at for excess depreciation claim

1 year ago

Order u/s 263 was bad as CIT did not specify how he arrived at figure of excess depreciation allegedly claimed…