Clipped from: https://indiankanoon.org/doc/164960684/ Bombay High Court Bench: S. K. Shinde VAISHALI Wp. 12468 of 222.odt ANIL TIKAM IN THE HIGH COURT OF JUDICATURE AT BOMBAY Digitally
Day: March 6, 2023
👍👍👍👍👍Initiation of scrutiny assessment based on wrong facts is untenable in law
Clipped from: https://taxguru.in/income-tax/initiation-of-scrutiny-assessment-based-on-wrong-facts-is-untenable-in-law.html Meena Shirish Kotwal Vs ITO (ITAT Pune) In this case the very basis of initiation of scrutiny assessment is the large investment made
👍👍👍👍👍GST- Avoidance of undue harassments to taxpayers – Instructions
lipped from: https://taxguru.in/goods-and-service-tax/gst-avoidance-undue-harassments-taxpayers-instructions.html GOVERNMENT OF ANDHRA PRADESHCOMMERCIAL TAXES DEPARTMENT Office of theChief Commissioner of State TaxKunchanapalli, Guntur District. Circular No.1/2023/GST Audits CCSTs File No: REV03-22024/2/2023-L1 SEC-CCT,
👍👍👍👍👍Interest on capital accounts of partners to be calculated on actual duration basis
Clipped from: https://taxguru.in/income-tax/interest-capital-accounts-partners-calculated-actual-duration-basis.html Savla Agencies Vs JCIT (ITAT Allahabad) ITAT Allahabad held that the interests on the credit balance in the capital account of the partners
👍👍👍👍👍Assessee not required to establish that debt has become irrecoverable for writing off bad debts
Clipped from: https://taxguru.in/income-tax/assessee-required-establish-debt-irrecoverable-writing-bad-debts.html Sohanraj Khimraj Kothari Vs JCIT (ITAT Bangalore) ITAT Bangalore held that it is not necessary for assessee to establish that the debt, in
What will it cost central banks to beat inflation? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/what-will-it-cost-central-banks-to-beat-inflation-1197624.html Recent data suggests that the fight against inflation is far from over, and that a few more hikes may be necessary to accelerate
Apple approves ChatGPT-driven app – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/apple-approves-chatgpt-driven-app-report/article66586350.ece Apple earlier expressed concerns regarding the use of ChatGPT Apple has approved an AI chatbot-driven app called BlueMail following assurances from its developers that
Why laminate sector must be in the PLI ambit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-laminate-sector-must-be-in-the-pli-ambit/article66584524.ece This move will help boost exports from the sector Laminate sector: Huge export potential | Photo Credit: UNKNOWN The Covid pandemic exposed the
Insurers grapple with policy pricing, design as IRDAI mandates mental health, HIV cover – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/insurers-grapple-with-policy-pricing-design-as-irdai-mandates-mental-health-hiv-cover/article66583769.ece The regulatory authority’s circular has left some gaps in operational metrics of the cover owing to the lack of precedence and sufficient information
Inspection & supervision: RBI dons new clothes | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/inspection-supervision-rbi-dons-new-clothes-123030500489_1.html The Reserve Bank has not changed the objectives of supervision but how it supervises the system. And, the change is dramatic He looked
New export strategy must be a result of introspection | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/new-export-strategy-must-be-a-result-of-introspection-123030500708_1.html The 2015 Foreign Trade Policy Statement said that the government aims to increase India’s exports of merchandise and services from $465.9 billion in
Regulatory independence | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/regulatory-independence-123030500776_1.html Courts should not worry about financial market volatility The Supreme Court has put the Securities and Exchange Board of India (Sebi) in a difficult spot.
Kotak Mahindra Bank to create vertical for mid-market firms | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/kotak-mahindra-bank-to-create-vertical-for-mid-market-firms-123030500860_1.html “The bank is also upping its focus on the structured finance offerings, whose contribution in the overall wholesale book is in low single-digits
Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rs-7-000-crore-pli-scheme-boost-for-toys-bicycle-components-soon-123030500496_1.html Commerce and Industry Minister Piyush Goyal had said the finance ministry regularly keeps allocating money for PLI The government has finalised two new
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