Newsletter
Signup our newsletter to get update information, insight or news
Industry News Updates
Get all the latest news and top breaking news live related to Business & Income Tax … Read latest Business news, IT Notifications and news headlines online today.
Client Centric Approach
Backed By Experience
Team Work
SEBI Issues Clarifications On Cybersecurity And Resilience Norms
Circular No. SEBI/HO/ ITD-1/ITD_CSC_EXT/P/CIR/2025/119, Dated: 28.08.2025 1. Introduction The Securities and Exchange Board of India (SEBI) has issued a circular providing technical clarifications to the Cybersecurity and Cyber Resilience Framework (CSCRF) applicable to regulated entities. The framework is aimed at strengthening the resilience of market intermediaries and ensuring consistency in implementation across various categories of […]
Order under clause (iia) of sub-section (1) of section 35 of the Income Tax Act. 1961 read with Rule 5F of the Income Tax Rules 1962
Publish Date : Wednesday, August 27, 2025 source
GSTN Enhances System For Refunds Under ASSORD Category
GSTN Advisory, Dated 28-08-2025 1. Introduction The Goods and Services Tax Network (GSTN) has issued an advisory detailing system changes in refund applications under the category “On account of Assessment/Enforcement/Appeal/Revision/Any Other Order” (ASSORD). These updates are designed to simplify the refund process and ensure that taxpayers can claim refunds with greater ease and accuracy. The […]
HC Rules Seizure Invalid If Updated E-Way Bill Shown
Case Details: Raj Rajeshwari Tecchno Fab (P.) Ltd. vs. Additional Commissioner Grade 2 Appeal 6 State Tax Kanpur - [2025] 177 taxmann.com 514 (Allahabad) Judiciary and Counsel Details Piyush Agrawal, J. Aditya Pandey for the Petitioner Facts of the Case The petitioner, a registered dealer, was transporting goods when the vehicle was intercepted by the jurisdictional […]
Revenue Recognition In Highway Development Under Ind AS 115
1. Question InfraBuild Limited (hereinafter referred as “the Company”) entered into a 20-year service concession arrangement with the State Government (hereinafter referred as “the Grantor”) to design, construct, operate, and maintain a new six-lane highway connecting two industrial hubs. The project is divided into two phases: a three-year construction period and a subsequent 17-year operation […]
Cash Deposit in Another’s Account Held Benami | ITAT
Case Details: Om Samriddhi Banquet & Hospitality LLP vs. Initiating Officer, ACIT Benami Prohibition Unit, Mumbai - [2025] 177 taxmann.com 435 (SAFEMA - New Delhi) Judiciary and Counsel Details G.C. Mishra & Rajesh Malhotra, Member Misha Rohatgi Mohta, Bharat Monga & Dhananjay S. , Advs. for the Appellant Manmeet Singh Arora, SPP for the Respondent Facts of […]
SEBI Issues Draft Circular To Revise Block Deal Framework
Consultation Paper Dated 22.08.2025 1. SEBI Issues Draft Circular on Block Deal Framework The Securities and Exchange Board of India (SEBI) has released a draft circular seeking public comments on the proposed review of the block deal framework. Stakeholders can submit their feedback by September 15, 2025. The draft aims to bring greater transparency, efficiency, […]
Business Combination Under Common Control in Ind AS
1. Background of the Restructuring The corporate group undertook an internal restructuring with the objective of improving operational efficiency and achieving strategic consolidation within its business verticals. The group had two subsidiaries: one engaged in both telecom and broadband services, and the other engaged exclusively in broadband services. To streamline operations and avoid duplication, the […]
Income-tax (Twenty-Fourth Amendment) Rules, 2025
Publish Date : Thursday, August 21, 2025 source
Let a Dedicated Tax Expert Do Your Taxes For You.
Get A Consultation
We Provide High-Quality Accounting & Tax Service. Our Businesses are evolving, in the economic realm by providing the best auditing, tax, and assurance services available.