Per Ind AS 115, “Revenue from Contracts with Customers”, the revenue recognition process is structured into the following ...

– Information Technology Act, 2000: This act, along with the Information Technology (Reasonable Security Practices and ...

Yes, with double taxation, once at corporate level and later at the shareholder level, corporate tax has been a discussion point over the centuries. All taxable income of a C corporation attracts a ...

Aggrieved by the judgment of income tax appellate tribunal, assessee move to high court with this Appeal under Section 260A of the Income Tax Act, 1961 ...

Krishna: Indeed, Parth! Sometimes, these legislative amendments benefit the taxpayers, and at other times, they do not. However, when interpreting tax laws, courts must not merely rely on the wording ...

Corresponding amendments have been made by the Finance (No.2) Act, 2024 in the provisions under the second regime whereby, ...

It is definitely in the fitness of things that, while taking a very pragmatic approach, the Orissa High Court, in a most learned, laudable, landmark, logical, and latest judgment titled Manoj Kumar ...

The High Court ruled that Section 50C applies only to the transferor of land and not to those with rights in land. Since Namaste Exports Ltd. was the transferor, the court held that Section 50C was ...

Inorganic growth refers to the expansion of a business through external activities such as mergers and acquisitions (M&A). This article explores the concept of inorganic growth, highlighting its ...

National Company Law Appellate Tribunal (NCLAT) Delhi has ruled that the non-registration of a charge under Section 77 of the ...

As mentioned in the clause 121 of the finance bill, 2025 the amendment is proposed in sub-section (2) of Section 34 of the CGST Act, 2017. Let us have a look at the sub-section (2) of Section 34 of ...

In real estate transactions, the gap between circle rate and market value can lead to cash transactions, black money involvement and increasing the risk of tax evasion. To address this, the government ...