Read More: https://www.taxscan.in/no-excise-duty-on-goods-manufactured-on-job-work-basis-from-old-and-used-goods-supplied-by-principal-supplier-cestat/175466/ Clipped from: https://www.taxscan.in/no-excise-duty-on-goods-manufactured-on-job-work-basis-from-old-and-used-goods-supplied-by-principal-supplier-cestat/175466/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Excise%20Duty Top Stories By Jwala K.P – On May 17, 2022 2:31 pm The Ahmedabad Bench of Customs, Excise & Service Tax Appellate Tribunal (
Mere ‘Change of Opinion’ cannot be a ‘Reason to Believe’ Escapement of Income to Initiate Re-Assessment: Delhi HC [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/mere-change-of-opinion-cannot-be-a-reason-to-believe-escapement-of-income-to-initiate-re-assessment-delhi-hc/175544/ Clipped from: https://www.taxscan.in/mere-change-of-opinion-cannot-be-a-reason-to-believe-escapement-of-income-to-initiate-re-assessment-delhi-hc/175544/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Change%20of%20Opinion Top Stories By Rasheela Basheer – On May 17, 2022 3:01 pm The division bench of the Delhi High Court while dismissing an appeal
*****Re-Assessment Order passed without allowing Assessee to file Objection is Invalid: Delhi HC
Clipped from: https://www.taxscan.in/re-assessment-order-passed-without-allowing-assessee-to-file-objection-is-invalid-delhi-hc/175598/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-Assessment%20Order Top Stories By Rasheela Basheer – On May 18, 2022 12:00 pm The Delhi High Court has held that the re-assessment under section 147/148 of the Income
*****Drawings made for Non-Business purposes are not allowable as Income Tax Deduction: ITAT
Clipped from: https://www.taxscan.in/drawings-made-for-non-business-purposes-are-not-allowable-as-income-tax-deduction-itat/175739/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Deduction Top Stories By Taxscan Team – On May 18, 2022 12:50 pm The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) has held that drawings
*****Rental Income from Building cannot be treated as Business Income since Assessee is not Involved in Business of Leasing: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/rental-income-from-building-cannot-be-treated-as-business-income-since-assessee-is-not-involved-in-business-of-leasing-itat/175661/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Rental%20Income Top Stories By Rasheela Basheer – On May 18, 2022 1:53 pm The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench has held that the rental income
*****Depreciation allowable on Goodwill: ITAT–TAXSCAN
lipped from: https://www.taxscan.in/depreciation-allowable-on-goodwill-itat/175818/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Goodwill Top Stories By Rasheela Basheer – On May 18, 2022 1:25 pm The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the depreciation is
*****Rein in cotton hoarding: Textile industry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/rein-in-cotton-hoarding-textile-industry/article65424498.ece Industry has urged the govt to remove cotton from the list of commodities traded on the commodity exchanges NAGARA GOPAL | Photo Credit:
*New age IPO valuations are too disruptive – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/new-age-ipo-valuations-are-too-disruptive/article65424482.ece Valuation should be based on visible, if not tangible, assets and value propositions istock.com/lakshmiprasad S lakshmiprasad S | Photo Credit: lakshmiprasad S Raising
We will arrest the fall in market share: LIC chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/we-will-arrest-the-fall-in-market-share-lic-chief/article65424475.ece Apart from focusing on agency channel, to ramp up digital and bancassurance segments Amidst weak global sentiments, the initial public offering of Life
*****Food, fuel push April wholesale inflation to all-time high of 15.08% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/food-fuel-push-april-wholesale-inflation-to-all-time-high-of-1508/article65424414.ece Pricier energy, metals due to supply-side bottlenecks add to input cost pressures for producers Producers’ inflation, based on the Wholesale Price Index (WPI),
*****Disappointing debut | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/disappointing-debut-122051701581_1.html LIC’s discounted valuation didn’t help The listing of the Life Insurance Corporation (LIC), after its mega-initial public offering (IPO), indicates weak market sentiment. The issue
*****RBI’s multiple battles | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-multiple-battles-122051701589_1.html It should not defend currency to contain inflation The next few quarters will be extremely challenging for the Reserve Bank of India (RBI). The consumer
US commission votes to process all green card applications within 6 months | Business Standard News
Clipped from: https://www.business-standard.com/article/international/us-commission-votes-to-process-all-green-card-applications-within-6-months-122051800040_1.html A Green Card, known officially as a Permanent Resident Card, is a document issued to immigrants to the US as evidence that the
*****Indonesian export ban brings India’s edible oil dependency back in focus | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/indonesian-export-ban-brings-india-s-edible-oil-dependency-back-in-focus-122051701553_1.html Indonesia’s ban on palm oil exports has refocused attention on the efficacy of the government’s policy to boost domestic production Recently, a senior
*LIC shares drop 8% below issue price on debut, end at Rs 873 apiece | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/lic-shares-drop-8-below-issue-price-on-debut-end-at-rs-873-apiece-122051701018_1.html The insurance behemoth’s shares hit an intra-day low of Rs 860 and a high of Rs 920, not coming closer to the issue
*A weak rupee spells more trouble for consumer durables companies | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/a-weak-rupee-spells-more-trouble-for-consumer-durables-companies-122051701602_1.html The first of a four-part series looks at its impact on consumer durables As the rupee continues to slide against the dollar, it has added
*****Why is India going against the grain? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/why-is-india-going-against-the-grain/articleshow/91604153.cms Synopsis The other two food groups that saw runaway inflation are vegetables at 15.41% and edible oils at 17.28%. These three groups have
*****Profiting from loss: Why ICICI Lombard is happy to lose market share – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/icici-lombard-losing-market-share-for-right-reason/articleshow/91612380.cms SynopsisICICI Lombard and Bajaj Allianz are 2 of the most efficient players accounting for almost half of the industry profits of the last
*****India Wholesale Price Inflation: India’s WPI inflation at 17-year high threatens small businesses – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/indias-wpi-inflation-at-17-year-high-threatens-small-businesses/articleshow/91619848.cms Synopsis Annual wholesale price inflation, a proxy for producers’ prices, climbed to 15.08% in April, remaining in double-digits for the 13th month in
*****RBI’s move to raise rates, good monsoon will help contain inflation: CII prez – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rbis-move-to-raise-rates-good-monsoon-will-help-contain-inflation-cii-prez/articleshow/91597596.cms Synopsis The Reserve Bank’s decision to raise benchmark interest rates and the likelihood of a good monsoon will help in containing inflation, Sanjiv
aniltikotekar4sme.com 