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HC Can’t Entertain Writ as Petitioner had an Alternative Remedy under SARFAESI Act
Case Details: Yaddala Kriashnaveni v. State Bank of India - [2023] 150 taxmann.com 195 (HC-Andhra Pradesh) Judiciary and Counsel Details D.V.S.S. Somayajulu & V. Srinivas, JJ. Facts of the Case In the instant case, the borrower availed loan from the respondent bank. In order to secure the said loan, the borrower mortgaged its immovable properties. […]
Ind AS Schedule III Checklist | Presentation & Disclosure of Other Equity in the Financial Statements
The presentation and disclosure of other equity in the financial statements are critical aspects of financial reporting under the Indian Accounting Standards (Ind AS) Schedule III. Other equity represents the portion of a company’s shareholders’ equity that is distinct from share capital and retained earnings. It comprises various items such as share premium, revaluation reserve, […]
Notification No. 30/2023 [F. No. 370142/9/2023-TPL (Part-I)] / SO 2275(E)
Publish Date : Wednesday, May 24, 2023 source
CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities
Publish Date : Friday, May 19, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1138/Press-Release-Changes-Proposed-To-RULE-11UA-And-Consequent-notifications.pdf source
Notification No. 29/2023 [F. No. 370142/9/2023-TPL (Part-I)] / SO 2274(E)
Publish Date : Wednesday, May 24, 2023 source
Transfer Pricing Litigation | Insights from the Post SC Decision in SAP Labs
Table of Contents Principal CIT v. Softbrands India Pvt. Ltd. ([2018] 94 Taxmann.com 426/406 ITR 513 (Kar. HC)) SC Decision in SAP Labs India Pvt. Ltd. v. ITO [2023] 149 Taxmann.com 327 (SC) Two Subsequent SC Decisions Areas of Litigation and Possible Approach 1. Principal CIT v. Softbrands India Pvt. Ltd. ([2018] 94 Taxmann.com 426/406 […]
Notification No. 31/2023 [F. No. 200/3/2023-ITA-I] / SO 2276(E)
Publish Date : Wednesday, May 24, 2023 source
Detained Goods to be Released on Furnishing Bank Guarantee or 200% Cash Payment: HC
Case Details: Haresh Kumar v. Assistant Commissioner (ST) - [2023] 150 taxmann.com 380 (Madras) Judiciary and Counsel Details C. Saravanan, J. G. Natarajan for the Petitioner. C. Harsharaj for the Respondent. Facts of the Case The assessee had transported consignment of goods accompanied by invoice and an e-way bill, which was intercepted and detained by the department. […]
SCN can’t be issued by Deputy Commissioner when Form GST DRC-01A was already issued by Asst. Commissioner: HC
Case Details: SSB Petro Products v. Assistant Commissioner, State Tax - [2023] 150 taxmann.com 381 (Calcutta) Judiciary and Counsel Details T. S. Sivagnanam, ACJ. & Hiranmay Bhattacharyya, J. Himangshu Kr. Ray & Nitish Bhandary for the Appellant. A. Ray, Ld. G.P. T.M. Siddiqui, D. Ghosh & D. Sahu for the Respondent. Facts of the Case The appellant was served with an […]
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