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Income Tax

Penalty order under section 271(1)(c) quashed: Delhi HC...

Penalty order under section 271(1)(c) quashed: Delhi HC

Introduction   A recent order of the honourable Delhi High Court has ruled that a penalty order passed by the Income Tax Authority under the prov...

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Income Tax

Digitally signing of notice u/s 148: not amount to issu...

Digitally signing of notice u/s 148: not amount to issuance of notice

Introduction   A recent order of the Honourable Allahabad High Court has clarified that mere digitally signing of notice under section 148 of the...

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GST

Raj. HC allows ITC in GSTR 3B due to non-availability o...

Raj. HC allows ITC in GSTR 3B due to non-availability of Form GST ITC- 02A on the GST Portal

Due to the non-availability of Form GST ITC- 02A on the GST Portal, the Rajasthan High Court allowed the Input Tax Credit under GST in GSTR-3B. The petitio...

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Finance & Accounting

An overview of IAS 26 on Retirement Benefit Plans

IAS 26

IAS 26 establishes the measurement and disclosure criteria for reporting retirement benefit schemes. All plans must provide a statement of changes in net a...

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NBFC

All you need to know about Account Aggregator System in...

Account aggregator system in India

Last year the RBI launched the account aggregator system in India as part of a move aimed at digital transformation in financial services. It provides grea...

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GST

Interest Liability Under GST should be adjudicated If A...

Interest Liability

The High Court of Jharkhand ruled that in case where an assessee disputes the interest liability, where the calculation or its leviability of interest is d...

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PMLA

Allahabad HC Rejects Plea for Anticipatory Bail: PMLA...

Anticipatory Bail

In the case of Anirudh Kamal Shukla v. Union of India, the Allahabad High Court ruled that for money-launderers Jail is the rule & bail is an exception...

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Latest News

What is Production Linked Incentive Scheme?

Production Linked Incentive Scheme

The production linked incentive scheme was introduced first in 2020 with a view to boost domestic manufacturing. This scheme has been launched in 13 sector...

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