Clipped from: https://www.cnbc.com/2023/04/28/fed-report-on-svb-collapse-faults-banks-managers-and-central-bank-regulators.html watch now VIDEO3:3803:38 Fed: Silicon Valley Bank failed to manage basic interest rate, liquidity risk Squawk on the Street Silicon Valley Bank’s dramatic
New Fed report blames Silicon Valley Bank execs — and the Federal Reserve itself — for bank’s collapse – CBS News
Clipped from: https://www.cbsnews.com/news/federal-reserve-silicon-valley-bank-collapse-svb-failure/ The sudden collapse of Silicon Valley Bank last month was due to a combination of extremely poor bank management, weakened regulations and lax
👍Forfeiture of Earnest Money is Expenditure: ITAT deletes Disallowance
lipped from: https://www.taxscan.in/forfeiture-of-earnest-money-is-expenditure-itat-deletes-disallowance/272866/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Forfeiture%20of%20Earnest%20Money%20is%20Expenditure:%20ITAT%20deletes%20Disallowance The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held thatthe forfeiture of earnest money from OMDC is an expenditure and deleted the disallowance. Vardhaman
👍👍👍👍👍👍👍Target, policy mismatch: Renewable energy developers set higher hurdles
Clipped from: https://www.business-standard.com/economy/analysis/india-s-renewable-energy-tendering-targets-outstrip-policy-enablers-123042800711_1.html India’s latest tendering target is a case of ambition overtaking the policy environment for doing business Indian developers of renewable energy projects are
👍Wipro Q4: Buyback pill not a panacea for weak fundamental health – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/wipro-q4-buyback-pill-not-a-panacea-for-weak-fundamental-health/article66786341.ece With the stock trading at 18 times trailing PE amid weak earnings growth prospects, long term investors can avoid the stock for now.
👍Gujarat’s mandatory PSU dividend and buyback policy is wrong – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-gujarats-mandatory-psu-dividend-and-buyback-policy-is-wrong/article66789956.ece Gujarat government must explore freeing up capital from its ailing enterprises, so that the promising ones can pursue their growth ambitions Unhappy with
The limits to sourcing Russian oil – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-limits-to-sourcing-russian-oil/article66790501.ece PETRO BLUES India cannot ignore its traditional suppliers from the Gulf countries. Increasing Russian oil purchases beyond a point can have economic, strategic
👍India’s core industries growth rate dips to five-month low of 3.6% in March 2023 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/indias-core-industries-growth-rate-dips-to-five-month-low-of-36-in-march-2023/article66789782.ece Output growth for the entire 2022-23 came in at 7.6 per cent, lower than the 10.4 per cent achieved in previous fiscal The
👍👍👍👍👍👍👍Disabled need legal aid – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/disabled-need-legal-aid/article66786020.ece This will help them contribute to society more India’s Rights of Persons with Disabilities Act of 2016 is a vital law that intends
👍👍👍👍👍India’s demographic dividend: More talked about than actually encashed
Clipped from: https://www.business-standard.com/opinion/columns/india-s-demographic-dividend-more-talked-about-than-actually-encashed-123042800964_1.html In a country that often touts achievements ahead of their actually being achieved, the story about the demographic dividend being largely wasted is
👍👍👍👍👍Reassessment beyond four years is invalid if no failure to disclosure by Assessee during original assessment
Clipped from: https://taxguru.in/income-tax/reassessment-years-invalid-failure-disclosure-assessee-original-assessment.html S. Ramamirtham Vs ITO (ITAT Chennai) It is an admitted fact that the original assessment has been completed u/s. 143(3) of the Act
👍👍👍👍👍Depreciation on goodwill cannot be rejected merely because performance didn’t match projection
Clipped from: https://taxguru.in/income-tax/depreciation-goodwill-rejected-performance-didnt-match-projection.html DCIT Vs Global Fairs & Media Pvt Ltd. (ITAT Delhi) ITAT Delhi held that depreciation on goodwill cannot be rejected merely because performance
👍👍👍👍👍👍👍Complete Case Digest of Maharashtra AAR (Part 3)
Clipped from: https://www.taxscan.in/complete-case-digest-of-maharashtra-aar-part-3/272174/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Complete%20Case%20Digest%20of%20Maharashtra%20AAR%20(Part%203) The Maharashtra GST AAR refers to the Advance Ruling Authority (AAR) for the state of Maharashtra under India’s Goods and Services Tax (GST)
👍👍👍👍👍👍👍Denying cross examination of witnesses and non-supplying of records renders proceeding untenable
Clipped from: https://taxguru.in/excise-duty/denying-cross-examination-witnesses-non-supplying-records-renders-proceeding-untenable.html Gopi Biri Factory Vs Commissioner of CGST & Excise, Siliguri (CESTAT Kolkata) CESTAT Kolkata held that denial of cross examination of witnesses and
👍👍👍👍👍👍👍Notice u/s 148 of Income Tax Act lacks record
Clipped from: https://www.taxscan.in/notice-u-s-148-of-income-tax-act-lacks-record-of-reasons-to-believe-for-initiating-proceedings-itat-quashes-re-assessment-order/272837/ According to the counsel, it is a prerequisite that reasons to believe recorded by the AO for initiating the proceedings under Section 148
👍👍👍👍👍👍👍No Unjust Enrichment when Goods Sold to Customer at Lower Price: CESTAT
Clipped from: https://www.taxscan.in/no-unjust-enrichment-when-goods-sold-to-customer-at-lower-price-cestat/272506/ The Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that no scope for unjust enrichment when goods are sold to customers
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