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Mumbai ITAT holds that the Assessee is entitled to depreciation u/s 32 on the actual purchase cost of plant and machinery holding the transaction of sale and lease back of plant and machinery to be genuine... >> buff.ly/vFjE5zH #Taxsutra #tax #ITAT #depreciation

Reservoir Book of the Day! The Art of Legal Drafting by Adv. Dr. Pooja Agarwal Buy Here >> buff.ly/LZMVj65 #Taxsutra #tax #Reservoir #law #drafting

As per Ind AS 37, "Where discounting is used, the carrying amount of a provision increases in each period to reflect the passage of time". #Taxsutra #tax #indas #accounting #audit #poll

In a case involving difference of opinion among Judicial & Accountant Members of a Bench with regard to the very issue of 'pronouncement' of order and ostensibly subsequent change of opinion by one of the Members, Third Member rules in favour J.M.. buff.ly/Balt9QY

Tick Talks #181: Carbon Credit Accounting Needs New Rules—or Just Better Understanding? AI Assists, Auditors Judge; CWIP Classification; CARO & More Read the newsletter >> buff.ly/mLdwZNc #Taxsutra #audit #TickTalks #CARO #AI

In one of the first orders under the new Income tax Act, 2025, Delhi HC opines that while a sweeping direction cannot be issued to a quasi-judicial body like BAR, at the same time an Applicant should atleast be conveyed a probable date of hearing... >> buff.ly/o76CQjx

Ruling in favour of the Assessee, Jaipur ITAT allows Assessee’s claim of deduction u/s 80-IA of Rs.44.25 Lakh and holds that Revenue authorities are grossly unjustified in denying the claim on account of delayed filing of Form 10CCB.... buff.ly/P5CcNlY #Taxsutra #tax

Mumbai ITAT partly allows Vodafone Idea Limited's appeal against disallowance of penalty payments made to DoT holding that penalties arising from breach of contractual obligations under licence agreement are allowable as business expenditure...buff.ly/SdIXsqC #Taxsutra

Register for Today's TaxTonic Session - Global Tax Rules at Crossroads: UN Initiative vs OECD Legacy! #Taxsutra #TaxTonic #webinar #UN #OECD

Reservoir Pick of the Day! Income Tax Interlinked - Act, Rules, Case Laws by Rishabh Aggarwal, Adv. Prof. (Dr.) Vaibhav Goel Bhartiya, Mayank Agarwal Buy Now >> buff.ly/27TKW72 #Taxsutra #tax #Reservoir #books #IncomeTaxAct

Clario Tip: Moving from the old Act to the new one... Ask CLARIO how a familiar concept is treated under ITA, 2025 and what's different from what you knew before Try it: buff.ly/rVApOmu Ask tax. Get clarity. #Taxsutra #CLARIO #IncomeTaxAct2025 #TaxTransition #TaxTech

Bangalore ITAT dismisses the Revenue’s appeals and GMR Sports Pvt. Ltd.’s cross-objections, upholding the CIT(A)’s order allowing annual franchisee fee payments made by Assessee to the BCCI as revenue expenditure for AYs 2009-10 and 2010-11...buff.ly/aa35DGP #Taxsutra

As per Ind AS 19, "Accumulating & Non-accumulating paid absences both can be carried forward." #Taxsutra #poll #accounting #indas

Today @ 3 PM! Taxsutra & PwC webinar on "GST Litigation Insights: ITC Eligibility, Classification & Emerging Disputes"! Register Now >> buff.ly/lgWs9fd #Taxsutra #tax #gst #webinar #ITC

Taxsutra Exclusive: Manisha Gupta appointed Deloitte India Transfer Pricing Leader #Taxsutra #tax #Exclusive #TransferPricing #TP

Delhi HC dismisses writ petition challenging the audit notice issued u/s 65 for the period July 1, 2017 to March 31, 2021, notwithstanding subsequent retrospective cancellation of GST registration.. Read more >> buff.ly/13aq0Z4 #Taxsutra #tax #GST #registration #audit

Tomorrow @ 3 PM! Taxsutra & PwC webinar on "GST Litigation Insights: ITC Eligibility, Classification & Emerging Disputes"! Register Now >> buff.ly/lgWs9fd #Taxsutra #tax #GST #webinar #litigation

With exploding litigation, is it time to comprehensively revisit provisions governing reassessments? #Taxsutra #tax #Litigation #reassessment

Kerala HC sets aside the assessment order passed against Bharti Airtel Ltd. u/s 73 for FY 2017-18, directing the assessing authority to reconsider the Assessee’s eligibility for transitional credit with specific.. Read more >> buff.ly/y5faXUc #Taxsutra #tax #GST #ITC

Today @ 3 PM! Taxsutra & KNAV Present Webinar on "The Future of Auditing: Transforming Audits with AI"! Register Now >> buff.ly/IFxNxxx #Taxsutra #tax #webinar #AI