CA Exams 2020: ICAI reschedules Cost Accounting and Financial Management; Cost and Management Accounting papers in Tamil Nadu due to Nivar Cyclone
The Institute of Chartered Accountants of India (ICAI) notified 12th December, 2020 as the date for Chartered Accountants Intermediate (IPC)...
Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]
The Karnataka High Court while quashing the appeal of the revenue deleted interest accrued on non-performing assets from the computation of taxable income. The assessee, M/s. Davangere District...
![Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Karnataka-High-Court-Interest-on-Non-Performing-Assets-Taxable-Income-Taxscan.jpg "Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]")
GST Evasion: DGGI Rohtak arrests One more Person in Hisar for issuing Fake Invoices of Input Tax Credit
In pursuance of an ongoing investigation of fraudulent passing of Input Tax Credit (ITC) wherein one person namely Sh. Satender Kumar Singla of Hisar was arrested on 12.11.2020, the Directorate...
Person practising law has to practise in spirit of Honesty and not in spirit of Money getting: Himachal Pradesh HC reprimands Advocate For Professional Misconduct
The Himachal Pradesh High Court while reprimanding the Advocate for professional misconduct said that the legal profession is a noble profession. A person practising law has to practise in the spirit...
RBI directs Banks not to approve proposals of Foreign Law Firms to open branch office in India [Read Circular]
The Reserve Bank of India (RBI) on Monday asked banks not to approve any proposal of foreign law firms to open a branch office, project office, or liaison office in the country under the Foreign...
![RBI directs Banks not to approve proposals of Foreign Law Firms to open branch office in India [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/11/RBI-banks-foreign-law-firms-branch-office-Taxscan.jpeg "RBI directs Banks not to approve proposals of Foreign Law Firms to open branch office in India [Read Circular]")
Revenue failed prove that Invoice did not represent the true Transaction Value in International Market: CESTAT [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT) held that the Revenue failed to prove that the invoice did not represent the true transaction value in the international market. ...
![Revenue failed prove that Invoice did not represent the true Transaction Value in International Market: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Revenue-Invoice-true-Transaction-Value-International-Market-CESTAT-Mumbai-Taxscan.jpeg "Revenue failed prove that Invoice did not represent the true Transaction Value in International Market: CESTAT [Read Order]")
Prematurely pronouncing on issues of comparables, TP Adjustments and methods for making TP adjustments definitely curtails the discretion of the Assessing Authorities: Delhi High court
The Delhi High court held that the prematurely pronouncing on issues of comparables, TP Adjustments and methods for making TP adjustments definitely curtails the discretion of the Assessing...
GST fake invoice frauds: DGGI writes to ICAI to take action for professional misconduct against 3 Arrested CAs
The 3 CAs namely PVV Satyanarayana, Ankur Garg, and Bondalapati Srinivasa Rao were arrested in the GST fake invoice frauds during the nationwide drive in the last few days. About 41 people...
