Clipped from: https://www.taxscan.in/relief-to-mahindra-and-mahindra-itat-directs-ao-to-delete-disallowance-made-u-s-40aia-of-income-tax-act/236174/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Relief%20to%20Mahindra By Kalyani B Nair – On December 20, 2022 2:07 pm In a major relief to Mahindra & Mahindra Ltd, the appellant, the Mumbai Bench of the Income Tax
Month: December 2022
Proceedings u/s 153C of Income Tax Act in absence of any Incriminating Material is Bad in Law: ITAT
Clipped from: https://www.taxscan.in/proceedings-u-s-153c-of-income-tax-act-in-absence-of-any-incriminating-material-is-bad-in-law-itat/236156/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Proceedings By Kalyani B Nair – On December 20, 2022 2:35 pm The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Proceedings under Section 153C of the Income Tax
Handle with care | Business Standard Editorials***
Clipped from: https://www.business-standard.com/article/opinion/handle-with-care-122122001230_1.html GST notices should not become a tool for harassment The goods and services tax (GST) authorities have started knocking at the doors of assessees. As
Defending against cyber threats | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-occasional-aside-122122001247_1.html Today, cyber threats represent a systemic risk, affecting the economy, including critical infrastructure, national security, and companies, large and small The recent cyberattack
In a U-turn, outstanding NRI deposits rise in October, shows RBI data | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/breaking-depletion-trend-outstanding-nri-deposits-rose-in-october-122122001086_1.html In July, the RBI took steps to enhance fresh inflows into NRI deposit accounts Breaking the streak of continuous fall in outstanding amounts,
Irdai advises firms about minimum rate rule for reinsurance treaties | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/irdai-advises-firms-about-minimum-rate-rule-for-reinsurance-treaties-122122000520_1.html Regulator’s instruction is about burning or break-even cost calculated to estimate the expected losses for a policy The industry regulator has asked non-life
See upturn in capex cycle, growth momentum to pick up: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/see-upturn-in-capex-cycle-growth-momentum-to-pick-up-rbi-report-122122001021_1.html ‘Can’t let our guard down on inflation’ Waning input cost pressures, buoyant corporate sales, and a turn-up in investments in fixed assets suggest
Sebi board approves phasing out shares buyback through stock exchanges | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-board-approves-phasing-out-shares-buyback-through-stock-exchanges-122122001185_1.html Buybacks will be undertaken through a separate window on stock exchanges until then The Securities and Exchange Board of India (Sebi) board on Tuesday approved
trade receivable: How trade receivable is different from trade factoring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/how-trade-receivable-is-different-from-trade-factoring/articleshow/96360686.cms Synopsis Trade finance assists both importers and exporters in developing trust in their dealings with one another, thereby facilitating trade. The Micro, Small,
byjus debt: ‘Loss after loss’: Parents detail how Byju’s pushed them into debt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/loss-after-loss-parents-say-byjus-pushed-them-into-debt/articleshow/96222272.cms Synopsis Byju’s is facing a range of complaints on social media platforms and consumer websites from customers who say they were exploited and
NRI Investments in real estate and the rising dollar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/nri-investments-in-real-estate-and-the-rising-dollar/articleshow/96372765.cms Synopsis NRIs today are investing in the luxury home segment because it suits their lifestyle, and provides them a safe haven by yielding
GST reforms will work for India–Courtesy Deccan Chronicle
Clipped from: https://www.deccanchronicle.com/opinion/dc-comment/191222/dc-edit-gst-reforms-will-work-for-india.html The decision to not impose or levy any new additional taxes, or bring any hitherto untaxed goods or services under the ambit is
Repairs and Maintenance Expenditure in Rented Showroom and Workshop amounts to Revenue Expenditure, can allow Disallowance u/s 30 (a ) (i): ITAT
Clipped from: https://www.taxscan.in/repairs-and-maintenance-expenditure-in-rented-showroom-and-workshop-amounts-to-revenue-expenditure-can-allow-disallowance-u-s-30a-i-itat/235710/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Repairs%20and%20Maintenance By Yogitha S. Yogesh – On December 20, 2022 10:17 am The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that repairs and maintenance expenditure
Addition u/s 68 based on Cash Deposit not allowable in the Absence of Corroborative Evidence: ITAT
Clipped from: https://www.taxscan.in/addition-u-s-68-based-on-cash-deposit-not-allowable-in-the-absence-of-corroborative-evidence-itat/235716/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Addition%20u/s%2068 By Yogitha S. Yogesh – On December 20, 2022 10:44 am The Pune bench of the Income Tax Appellate Tribunal(ITAT) has held that addition under section 68 of the
Cyber attacks on healthcare sector rising – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/cyber-attacks-on-healthcare-sector-rising/article66278678.ece Patient data cannot be compromised. Multiple layers of security must be put in place The cyber attack on the All India Institute of
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