Category: Study
IT sector faces 30% dip in freshers hiring amid industry downturn – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/it-sector-faces-30-dip-in-freshers-hiring-amid-industry-downturn/article66853291.ece The IT industry has been challenged by automation, artificial intelligence, and changing customer preferences, but there will be a surge in jobs for
Mitigating spillovers of financial risk – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/mitigating-spillovers-of-financial-risk/article66850780.ece Broad macro-prudential regulation reduces incentives for excess risk-taking and can close arbitrage gaps Among developing economies, emerging markets (EMs) are relatively more open
👍Assessment Order passed without due opportunity to Legal Heirs- HC remands matter back to AO
Clipped from: https://taxguru.in/income-tax/assessment-order-passed-due-opportunity-legal-heirs-hc-remands-matter-back-ao.html Prema Rengarajan Vs DCIT (Madras High Court) Learned Standing counsel appearing for the Department pointed out that after the death of the original
👍Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings
Clipped from: https://www.taxscan.in/sales-reversal-entry-is-not-unexplained-expenditure-itat-quashes-revision-proceedings/277130/ The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), quashed revision proceedings under Section 263 of the Income Tax Act, 1961 and held that the sales
👍Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order
Clipped from: https://www.taxscan.in/notice-u-s-1432-not-issued-by-ao-itat-quashes-income-tax-assessment-order/276997/ The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has quashed the assessment order holding that notice under Section 143(2) of the Income Tax Act, 1961 was
👍👍👍👍👍👍👍Process and Documents Required for Obtaining Digital Signature Certificate (DSC)
Clipped from: https://taxguru.in/chartered-accountant/process-documents-required-obtaining-digital-signature-certificate-dsc.html What is DSC? Digital Signature Certificate (DSC) is the most popular and convenient mode of signing any document. DSC is the digital method
Shell firms under scanner of tax authorities over fake ITC claims
Clipped from: https://www.business-standard.com/economy/news/gst-authorities-prepare-list-of-suspicious-entities-beneficiaries-123051001088_1.html A special drive starting May 16 to weed out bogus GST invoices Illustration: Ajay Mohanty Listen to This Article Thousands of entities and
Cash crunch pushing up funding costs in India deterring more RBI hikes
Clipped from: https://www.business-standard.com/economy/news/cash-crunch-increases-funding-costs-in-india-deterring-more-rbi-hikes-123051100465_1.html The weighted average call rate, an overnight funding cost rate the central bank monitors, was at 6.78% on Wednesday, above the upper band
RBI’s climate finance push is significant – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-climate-finance-push-is-significant/article66835212.ece Clear definitions on what constitutes ‘green’ is vital The Reserve Bank of India’s (RBI) recently released Report on Currency and Finance (RCF) spells
👍👍👍👍👍Non receipt of Notices: HC quashes Order of Maharashtra Sales Tax Tribunal
Clipped from: https://taxguru.in/goods-and-service-tax/non-receipt-notices-hc-quashes-order-maharashtra-sales-tax-tribunal.html Kirloskar Oil Engines Ltd. Vs State of Maharashtra and Ors. (Bombay High Court) Heard learned Counsel for the parties. 2. By this Petition,
👍👍👍AO to provide reasons to disbelieve bank statements for reopening of assessment
Clipped from: https://taxguru.in/income-tax/ao-provide-reasons-disbelieve-bank-statements-reopening-assessment.html Aditi Constructions Vs DCIT (Bombay High Court) We find that the jurisdictional conditions for invoking section 147 – 148 are not satisfied as
👍👍👍👍👍👍👍Composition Scheme Under GST – A Boon to Small & Medium Scale Enterprises
Clipped from: https://taxguru.in/goods-and-service-tax/composition-scheme-gst-boon-small-medium-scale-enterprises.html The composition scheme under the CGST Act is intended specifically for small taxpayers in order to facilitate compliance and simplify tax levies. It
👍👍👍👍👍👍👍Notice to Creditors before admitting IBC Section 10 Application is Not mandatory
Clipped from: https://taxguru.in/corporate-law/notice-creditors-admitting-ibc-section-10-application-mandatory.html In re Go Airlines (India) Limited (NCLT Delhi) Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi in the matter of Go
ITAT quashes Ex-parte Order due to Non-Service of Notice, grants Assessee Opportunity of Hearing
Read More: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/ Clipped from: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20quashes%20Ex-parte%20Order%20due%20to%20Non-Service%20of%20Notice,%20grants%20Assessee%20Opportunity%20of%20Hearing The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently quashed an ex-parte order due to the non-service of notice and granted
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