News

RBI has introduced new prudential norms allowing most banks to distribute up to 75% of their Profit After Tax (PAT) as dividends.

RBI: Banks can pay upto 75% of profits as Dividend Payout

Judgement

Tribunal directs AO/TPO to treat goodwill amortization as extraordinary expense while computing PLI under TNMM for determining arm’s length price.

ITAT Holds Goodwill Amortization from Slump Sale as Non-Operating for TP Margin

Articles

As per Carraro India, the draft assessment order does not have any immediate impact on its financial, operations or other activities.

Carraro India Gets Major Tax Relief as Draft Assessment Order Cuts Corporate Tax Adjustment to Rs 52.6 Lakh

Appellate Authority holds it has no power to condone delay beyond statutory limit under Section 100(2) of the CGST Act.

GST: Authority for Advance Ruling Says It Cannot Condone Delay Beyond 30 Days

Canara Bank has classified the loan accounts of Reliance Communications and its subsidiary as “fraud” based on forensic audit findings alleging diversion of Rs. 31,580 crore in bank funds.

Canara Bank Classifies Reliance Communications Loan Accounts as ‘Fraud’ Over Rs 31,580 Cr Loan Findings

Failure to Exercise Due Diligence and Certification of Fake Documents Leads to Disciplinary Action

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RBI: Banks can pay upto 75% of profits as Dividend Payout

ITAT Holds Goodwill Amortization from Slump Sale as Non-Operating for TP Margin

Carraro India Gets Major Tax Relief as Draft Assessment Order Cuts Corporate Tax Adjustment to Rs 52.6 Lakh

GST: Authority for Advance Ruling Says It Cannot Condone Delay Beyond 30 Days

Canara Bank Classifies Reliance Communications Loan Accounts as ‘Fraud’ Over Rs 31,580 Cr Loan Findings

ICAI Disciplinary Committee Suspends CA for 90 Days Over Fraudulent Incorporations