Online Gambling Tax Status in 2020
In the past few years, there have been several discussions along the lines of regulation of gambling laws in India. While some people support a complete prohibition of the activity, others advocate stringent rules in
Mere ‘Change of Opinion’ can’t be basis for Re-Assessment: SC [Read Judgment]
A two-judge bench of the Supreme Court in the case of Income Tax Officer vs. M/s TechSpan India Private Ltd. & Anr held that under section 147/ 148 of the Income Tax Act 1961, an
GST Council Finalises E-Way Bill Provisions, Rates on Textile Works, Tractor Parts cut
The GST Council, in its meeting held on Saturday has finalized the rates on textile job works like stitching and embroidery, and tractor parts were cut. The Council also finalized the provisions relating to e-way
Block Chain Technology: The Future Toolkit for Chartered Accountants
-“‘Blockchain’ has emerged to become a potentially transformative force in multiple aspects of government and private sector operations. Its potential has been recognized globally, with a variety of international organizations and technology companies highlighting the
CESTAT confirms Valuation of Adjudicating Authority in Finalisation of Provisional Assessment using CAS-4 principle, Sets aside Re-adjudication [Read Order]
The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (ITAT) has set aside the re-adjudication and has confirmed the valuation of adjudicating authority in finalisation of provisional assessment using CAS-4 principle. ITC Ltd
GST Offences: Minister of State for Finance of India Pankaj Chaudhary presents Statistics in Lok Sabha
In reply to the following questions raised by P V Midhun Reddy and N Reddeppa, the Minister of State for Finance of India Pankaj Chaudhary stated the statistics related to Goods and Services Tax offences:
ITAT weekly Round-Up
This weekly round-up analytically summarizes the key stories related to the Authority of Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the previous week from December 19 to December 26, 2021. DCIT Vs. M/s.
AAR and AAAR Weekly Round-Up
(JAN 15-21, 2023) This weekend summary provides an analytical synopsis of the most major stories of Goods and Service tax Authority for Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR) that were authored
Deletion of Income Tax Addition on successful Demonstration of Source of Cash Deposits to bank during Demonitization: ITAT dismisses Revenue Appeal [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee has successfully demonstrated source of cash deposit of Rs. 2,40,00,000 to its bank account during demonetization period thus upheld the order of
CA, ACCA vacancy in World Bank
The World Bank has invited applications for the post of Financial Analyst. Responsibilities: Ensure the accuracy and appropriateness of accounting entries and perform daily / weekly / monthly control activities for the liquid investments’ portfoliosIdentify,
Know the GST E-Way Bill Journey of 3 Years
The National Informatics Centre (NIC) developed the E-Way Bill System under the Goods and Services Tax ( GST ) regime and has come up with the GST E-Way Bill Journey of 3 Years. Impact of
Supreme Court Validates Retrospective Repeal of S.144B(9) of Income Tax Act, upholds Allahabad HC’s Decision to Refer Case to Assessing Authority for Proper Hearing [Read Order]
In a significant judgment concerning the Constitutionality of retrospective repeal of Section 144-B(9) of the Income Tax Act, the Supreme Court bench of Justice B.V. Nagarathna and Justice Ujjal Bhuyan validated the omission by the
Audit Manager Vacancy in Citi Group
Citi Group has invited applications for the position of Audit Manager. Job Description This role directs the timely delivery of high quality, value-added assurance and audit reports for a portfolio of business activities, which meet
Know How Robotic Process Automation (RPA) Elevates Strategic Tax Management
In the ever-evolving landscape of taxation, organisations are constantly seeking innovative solutions to enhance efficiency, accuracy, and compliance in their tax management processes. One such groundbreaking technology that has emerged as a game-changer is Robotic
Delhi High Court Emphasises Scrutiny of Past Actions in Appointing Insolvency Professional [Read Order]
In dismissing the writ petition, the Delhi High Court underscored the significance of scrutinising past actions when appointing an insolvency professional. A Single Bench of Justice Subramonium Prasad has observed that “Discretion has been given