SC Upholds GST Exemption on license fees collected by Electricity Regulatory Commissions

Additional Director Directorate General of GST Intelligence (DGGI) & Anr. Vs Central Electricity Regulatory Commission (Supreme Court of India) SC dismisses SLP against Delhi HC ruling that GST is not…

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Does Board Size Make or Break Corporate Performance? A Deep Dive into the Contradictory Evidence

Brief The article seeks to examine the contradictory evidence on whether board size enhances or hinders corporate performance, concluding that while larger boards can improve monitoring and bring diverse expertise,…

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No disallowance u/s. 40(a)(ia) as reimbursement of expense considered as receipts and tax paid thereof

Crisil Limited Vs ACIT (ITAT Mumbai) ITAT Mumbai held that disallowance under section 40(a)(ia) of the Income Tax Act unjustified when reimbursement of expenses is considered as receipts in total…

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Order of PCIT passed without considering contentions of assessee is liable to be quashed

AMNS Ports Vizag Terminals Ltd. Vs PCIT (ITAT Allahabad) ITAT Allahabad held that order passed by PCIT without considering the contentions of the assessee is against the principles of natural…

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