• Income Tax

Stock items of different value cannot be taken as basis for computing stock position

2 months ago

When value of items traded differs it cannot be taken as basis for computing the stock position specially when quantitative…

  • bankruptcy

Revision of the area of jurisdiction of the DRATs, Kolkata

2 months ago

Revision of the area of jurisdiction of the Debts Recovery Appellate Tribunals (DRATs) Kolkata In exercise of the powers conferred…

  • Income Tax

Non-compete fee held as allowable revenue expenditure u/s 37(1) of IT Act – Supreme Court

2 months ago

Payment made by the assessee as non-compete fee was an allowable revenue expenditure under Section 37(1) of the Act –Supreme…

  • Income Tax

Deduction of interest on borrowed funds invested in sister concern for acquiring controlling interest allowed

2 months ago

Assessee is entitled to claim deduction of interest on borrowed funds invested in sister concern for acquiring controlling interest -…

  • ICAI

ICAI notifies next ISA Course Assessment Test to be held on 7th February 2026

2 months ago

ICAI has notified that next ISA Course Assessment Test shall be held on 7th February 2026 online through Computer ICAI…

  • Income Tax

Revision u/s 263 upheld on discrepancy in turnover between tax audit report & PL A/c

2 months ago

In the absence of enquiry on discrepancy in turnover between tax audit report vis-à-vis turnover disclosed in P&L account, order…

  • Income Tax

Registration u/s 12A cannot be rejected merely for mentioning wrong section code

2 months ago

Registration u/s 12A cannot be rejected simply on the basis of mentioning of a wrong section code which is a…

  • ICAI

ICAI reduces verification/certified copies fee of Chartered Accountants examinations

2 months ago

ICAI reduces verification/certified copies fee of Chartered Accountants examinations  The Examination Committee of ICAI has decided to revise and reduce…

  • ESIC

ESIC can’t invoke Section 45A on allegation of mere inadequacy of record – SC

2 months ago

ESIC can’t invoke Section 45A on the allegation of inadequacy of record but only in case of non-production of the…

  • GST

GSTN has issued a Consolidated FAǪ on GSTR 9/9C for the FY 2024-25

2 months ago

GSTN has issued a Consolidated FAǪ on GSTR 9/9C for the FY 2024-25 GSTN has published series of FAQ on…