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From the President
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Dear Professional Colleagues,
At the outset, wishes for a very Happy, Prosperous and Joyful New Year to all of you and family Members! The year 2020 gone by has been a tough one for all of us. The year has thrown many curveballs for the mankind to deal with as we all witnessed the calamitous power of the nature and the need to move on with positive thought. The humanity realised that the uncertainty of the future with fragility of life can stress life in peculiar ways that were unfelt and unthought of previously. The pandemic experience, with all-encompassing lack of certainty, has not only shaped how society shall dwell into future but will also chisel functioning of the economies and business for many years to come. Read more...
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EDITORIAL
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Accountancy profession plays an essential role in economic development
of any country as it provides quality information on the economic trends.From a historical perspective, such pieces of information are quintessentialfor internal management of businesses and the external stakeholders.Nevertheless, with the complex nature of the economies, the information's useful to several players including academia, trade associations and government. Read more...
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REPORT
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ARTICLES
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CORPORATE FINANCE
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VALUATION
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ECONOMY
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INTERNATIONAL TAXATION
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INDUSTRY SPECIFIC
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CAPITAL MARKET
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GENERAL
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INCOME TAX
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- The Commissioner of Income Tax Vs. NTT Data Global Advisory Services Pvt. Ltd., [Karnataka High Court: ITA. No. 544/2013],12/11/2020, LD/69/80
- Havells India Limited Vs. The Asst. Commissioner of Income Tax,[ITAT Delhi: 4695/DEL/2012], 10/11/2020,LD/69/81
- Smit Singapore Pte Ltd. Vs. Dy. Commissioner of Income Tax,[ITAT Mumbai: 7055/Mum/2017], 09/11/2020, LD/69/82
- Dr. Vithal Kamat Vs. Jt. Commissioner of Income Tax, [ITAT Mumbai: 3909/M/2018], 06/11/2020, LD/69/83
- Vishwaroop Infotech P. Ltd Vs. The Asst. Commissioner of Income Tax, [ITAT Mumbai: 633/M/2019], 06/11/2020, LD/69/84
- Delhi High Court: ITA 106/2005 Skyland Builders P. Ltd Vs. The Income Tax Officer, 03/11/2020, LD/69/85
- Rich Paints Ltd Vs. The Income Tax Officer, [ITAT Ahmedabad:ITA No. 186/Ahd/2015], 29/10/2020, LD/69/86
- ITAT Bangalore: ITA No.668/Bang/2017 Sunita Bathija Vs. The Addl. Commissioner of Income Tax 28/08/2020, LD/69/87
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TRANSFER PRICING
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- Socomec Innovative Power Solutions Pvt. Ltd. Vs. The Dy.Commissioner of Income Tax, [Madras High Court: Tax Appeal No.Nos.725, & 726 of 2017], 23/11/2020, LD/69/88
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GST
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- M/S Man Infraprojects Ltd Vs. Commissioner of CGST, Mumbai West, [2020-TIOL-1694-CESTAT-MUM], 09/12/2020, LD/69/89
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SERVICE TAX/VAT
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- Sourav Ganguly Vs. Commissioner of Service Tax [Kolkata 2020-TIOL-1687-CESTAT-KOL], 14/12/2020,LD/69/90
- Skol Breweries Ltd Vs. Commissioner of Central Excise and CST-[Bangalore Service Tax-I 2020-TIOL-1655-CESTAT-BANG],10/11/2020,LD/69/91
- M/S Rohan Motors Ltd Vs. Commissioner of Central Excise[Dehradun 2020-TIOL-1676-CESTATDEL], 05/10/2020,LD/69/92
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DISCIPLINARY CASE
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- Failure to file an exception report to RBI in contravention of NBFC Auditor’s Report (Reserve Bank) Direction, 2008 for pre-closing/redeeming subordinate debts before maturity
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- Creation of an Intangible Asset (License) on Account of Pre-operational Expenditure
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