Tax Guru55m
International environmental law – a critical study
International environmental law (IEL) is an emergent critical framework to face the issues of global environmental challenges. It refers to treaties, customary international law, and principles in a ...
Tax Guru1h
Foreign Food Manufacturing Facility Registration Requirement
Reference is drawn to FSSAI’s order of even no. dated 10th October, 2022, whereby it was notified that registration of ...
Tax Guru1h
Concept of HUF And It’s Taxation Under Income Tax Law
Introduction A Hindu Undivided Family (HUF) is a distinct legal entity recognized by the Indian tax system. It is essentially ...
Tax Guru1h
CBDT Guidelines for Delay Condonation in Forms No. 9A/10/10B
Central Board of Direct Taxes (CBDT) issued Circular No. 16/2024 on November 18, 2024, establishing updated procedures for condonation of delays in filing Forms 9A, 10, 10B, and 10BB for Assessment ...
Tax Guru1h
Implementation of Section 51A, UAPA, 1967: Change in Central Nodal Officer Details
Sub: Procedure for implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967- Change in the details of the Central [Designated] Nodal Officer.
Tax Guru1h
SEBI Amends Guidelines on Default Ratings for CRAs
The Securities and Exchange Board of India (SEBI) has amended Paragraph 15 of the Master Circular for Credit Rating Agencies (CRAs), which addresses default ratings for debentures, bonds, and other ...
Tax Guru17h
Is a Sanyasi (Renunciate) Entitled to Own Copyright in Literary Works?
Copyright is an inherent right: Under Section 17 of the Copyright Act, 1957, the author of a literary work is the first owner ...
Tax Guru17h
Understanding New IMS (Invoice Management System) on GST Portal
Arjuna Krishna, I heard there’s a new Invoice Management System (IMS) on the GST portal. What’s it all about? It sounds complicated. Krishna Arjuna, IMS is ...
Tax Guru17h
Interest earned from deposit of grant not includible if income is remitted back to government
“Rule 230 (8) All interests or other earnings against Grants in aid or advances (other than reimbursement) released to any Grantee institution should be mandatorily remitted to the Consolidated Fund ...
Tax Guru17h
Rejection of books of accounts unjustified as no discrepancy pointed out: ITAT Ahmedabad
ITAT Ahmedabad held that rejection of books of accounts without pointing out any discrepancy and defects in the same is unjustified. Thus, act of AO rejecting the books of accounts is set aside.
Tax Guru17h
Penalty order passed beyond time period framed u/s. 275(1)(c) untenable: Delhi HC
Delhi High Court held that passing of penalty order after the lapse of six months from the end of the month in which the ...
Tax Guru18h
GST amount do not form part of receipts for computation of income u/s. 44BB: ITAT Mumbai
ITAT Mumbai held that GST/service tax which is collected by the assessee from its customers and paid to the Government do not form part of the receipts for computation of income as per section 44BB of ...