• August 5, 2023

Under Section 132(4)(b) of the Companies Act, the NFRA is authorized to request books of accounts from auditors under investigation. On such request, the auditors must serve the relevant documents within the stipulated time. Failure to communicate promptly or any delay will be regarded as a breach of NFRA regulations, and the auditor may be […]

• August 5, 2023

Publish Date : Tuesday, August 1, 2023 source

• August 4, 2023

Case Details: JEM Exporter v. Union of India - [2023] 153 taxmann.com 80 (Bombay) Judiciary and Counsel Details G.S. Kulkarni & Jitendra Jain, JJ. Bharat Raichandani & Prathamesh Gorgate, Advs. for the Petitioner. Jitendra B. Mishra, Dhananjay B. Deshmukh & Ashutosh Mishra for the Respondent. Facts of the Case In the present petition, the petitioner challenged the decision of Appellate […]

• August 4, 2023

Publish Date : Tuesday, August 1, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1144/Press-Release-New-record-of-over-6.77-crore-ITRs-filed-till-31st-July-2023.pdf source

• August 3, 2023

Notification No. 54/2023, dated 01-08-2023 Section 35D provides that an Indian company or any resident person can claim a deduction under this provision in respect of preliminary expenses. The preliminary expenditures are those incurred before the business’s commencement or after the business’s commencement in connection with the extension of an undertaking or in connection with […]

• August 2, 2023

Case Details: Aircon Beibars (FZE) v. DCIT - [2023] 153 taxmann.com 41 (Delhi-Trib.) Judiciary and Counsel Details G.S. Pannu, President & Saktijit Dey, Vice-president K. Sampath, V. Rajkumar, Advs. & Vishal Sehgal, FCA for the Appellant. Vizay B. Vasanta, CIT(DR) for the Respondent. Facts of the Case Assessee is a non-resident corporate entity incorporated under the laws of the […]

• August 1, 2023

Pursuant to the Securities and Exchange Board of India (SEBI) investigation regarding the fraudulent diversion of funds between the group companies, NFRA initiated an investigation into the professional conduct of the statutory auditors under section 132(4) of the Companies Act 2013. NFRA has issued this order in series to earlier orders against the group companies […]

• July 31, 2023

Case Details: Law & Kenneth Saatchi & Saatchi (P.) Ltd. v. Patanjali Paridhan (P.) Ltd. - [2023] 152 taxmann.com 307 (NCLT-Allahabad) Judiciary and Counsel Details Praveen Gupta, Judicial Member & Ashish Verma, Technical Member Ms Somya Chaturvedi, Sanjeev Kumar Sharma & Arunav Guha Roy, Advs., for the applicant. Pulkit Gupta Adv. for the Respondent. Facts of the Case In the instant […]

• July 30, 2023

Table of Contents Horizontal, Common-size and Trend Analysis Horizontal Analysis Common-size Analysis Trend Analysis Corporate Illustration: Britannia Industries Check out Taxmann's Financial Accounting & Analysis which serves as a guide to understanding the essential accounting principles, offering an in-depth exploration of the subject. It achieves its objectives through financial statement analyses, supplemented by practical examples […]