High Court has awarded interest @ 12% p.a. on excessive excise duty refunded after twelve years after petitioners was compelled to deposit it. In a recent judgment, Rajasthan High Court has awarded interest @ 12% p.a. on the excise duty refunded after twelve years to compensate for the …

Assessee duty bound to deduct TDS u/s 194I and 194J of the Act on the provisions for rent and professional fees made in the accounts In a recent judgment, ITAT Surat has held that, the assessee duty bound to deduct TDS under section 194I and 194J of the …

Notification issued acquires the force of law only upon its publication in the Official Gazette – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that a Notification issued acquires the force of law only upon its publication in the Official Gazette. The expression ‘date of …

Case remitted to verify claim of RTO liaisoner that the cash deposited in his account was of vehicle owners and not his income In a recent judgment, ITAT Bangalore has remitted the case of a RTO liaisoner/middleman to verify if the cash deposited in his bank account were …

The Jammu & Kashmir Bank Ltd. invites on-line applications for empanelment as Stock Auditors for 3 Financial Years i.e. from FY 2026-27 to FY 2028-29 from intended Chartered / Cost Accountant firms who are interested to conduct the Stock/book debt and receivables audit of Borrower Accounts maintained with …

Broken period interest paid on purchase of securities was revenue expenditure since the securities constituted stock-in-trade In a recent judgment, Hon’ble Supreme Court has dismissed the SLP against the judgment of Telangana High Court in holding that broken period interest paid on purchase of securities was revenue expenditure …