The Orissa Authority of Advance Ruling (AAR), ruled that the Capital Subsidy received on 90% of Project Capital Expenditure is liable to Goods and Service Tax (GST). The applicant, M/s Surya Roshni LED Lighting Project

The Hitachi invited applications for the post of Manager - C&P CoE Specialist Qualifications                                                                                                                                           Bachelor’s degree in accounting with CMA/ CA / MBA Responsibilities                                     Perform analysis of business performance versus budget and forecast. Perform benchmarking of

The latest Global Economic Conditions Survey ( GECS ) conducted by the Association of Chartered Certified Accountants ( ACCA ) and the Institute of Management Accountants ( IMA ) indicates a continued dip in confidence

Finance Minister Nirmala Sitharaman, in her announcement on February 22, 2024, revealed that the government's robust tax revenue has paved the way for a significant increase in capital expenditure and continued investments in infrastructure development.

On February 19, the State Budget for the fiscal year 2024-25 was introduced by Finance Minister Thangam Thennarasu, just before the upcoming Lok Sabha election. Given the challenging financial circumstances, observers are eager to see

In the case between Assistant Commissioner of Income Tax and M/s Gillanders Arbuthnot & Co Ltd, Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that expenses incurred on plants and for replantation without

The Atos has invited applications from eligible candidates for the post of Financial Controller. The Atos Global IT Solutions and Services Private Ltd aka Atos SE (Societas Europaea) is an international information technology services company

A Division Bench of the Mumbai Income Tax Appellate Tribunal (ITAT) in M/s. Maharashtra Film Stage Cultural Development Corporation Ltd. Versus Jt. CIT held that expenditure incurred to repair or renovate existing make-up rooms are

The Income Tax Appellate Tribunal (ITAT), Delhi Bench while upholding the order passed by the CIT(A) held that disallowance made on account of forfeiture of security deposit being treated as capital loss not sustainable. The

The Income Tax Appellate Tribunal (ITAT), Amritsar bench has held that expenses vouched and verified incompletely will invalidate the addition to the Income. Shri Kul Bharat, Judicial member observed that the Assessing Officer acted purely

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that development fees directly taken to corpus account and invested in a fixed asset can be allowed as capital receipt. The assessee

The Maharashtra Appellate Authority of Advance Ruling (AAAR) ruled that no Input Tax Credit (ITC) can be claimed on lift installation charges. The applicant, M/s. Las Palmas Co-operative Housing Society Limited situated is a Co-operative

The Central Government will focus to lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high and is aiming to narrow the fiscal deficit to 4.50% of GDP by the

The Income Tax Appellate Tribunal (ITAT), Mumbai ruled that Mahindra & Mahindra is entitled to depreciation on Capital Expenditure of exchange fluctuation loss. The assessee, Mahindra & Mahindra is engaged in the business of manufacturing

The West Bengal Authority for Advance Ruling ( AAR ) has held that the contributions made by members to the sinking fund of Residential Welfare Associations ( RWAs ) shall be deemed as advance payments