ITAT Delhi held that compensation received for cancelling the allotment due to delayed delivery of the unit is capital receipts and accordingly, the same is not income tax. Thus, appeal of the ...
IND AS 2 warned, “If any of your inventory is damaged, obsolete, or unsellable, reduce its value immediately. This is called writing down inventory. It ensures your financial statements reflect the ...
November 28, 2024 To All Stock Exchanges All Clearing Corporations (Except Commodity Derivatives Exchanges and Clearing Corporations) 1. Clause 9 of Chapter 2 of SEBI Master Circular dated October 16, ...
The Kerala High Court recently adjudicated a case concerning the misclassification of GST Input Tax Credit (ITC) in the matter of Rejimon Padickapparambil Alex vs Union of India. The case revolved ...