As the name suggest IFRS is a globally recognised set of standards that enable best accounting/ reporting practices and is currently being used by more than 130 countries across the world. The ACCA ...

The courts and CBEC instructions consistently held that pre-deposit under Section 35F of the Central Excise Act must be in cash.

The Supreme Court of India has overturned a High Court decision, affirming the validity of a clause in an appointment letter issued by Vijaya Bank. The clause required an employee, Prashant B ...

The Department of Economic Affairs (DEA), Ministry of Finance, amended Rule 8 of the Securities Contracts (Regulation) Rules (SCRR), 1957, via Gazette Notification G.S.R. 318 (E). The amendment gives ...

In conclusion, the ITAT found no “sufficient cause” for the 690-day delay in filing the appeal. The tribunal dismissed BPS ...

The ITAT delved into the general meaning of the term “corpus,” noting its origin in medical science to mean “human body” and its broader application to signify “the whole body of a subject for a ...

The standard lock-in period for a PPF account is 15 years from the end of the financial year in which the initial deposit is ...

Calcutta High Court held that invocation of extended period of limitation without establishing wilful mis-statement and suppression of material facts with intent to evade payment of tax is not ...

NCLAT Chennai held that delayed filing of scheme of compromise u/s. 230 of the Companies Act cannot be condoned since there ...

ITAT Delhi held that denial of exemption u/s. 11 of the Income Tax Act by invoking provisions of section 13 (1) (c) without any material brought on record to substantiate that salary paid to members ...

The L&T-Mindtree deal set a significant precedent in the Indian IT industry, which has traditionally been seen as resistant to hostile takeovers due to strong promoter influence and cohesive ...

Held that where department had accepted the re-payment of loans in the subsequent year, no addition was to be made in the current year on account of cash credit. Respectfully following the same, the ...