Evaluation Rules News Today

hello, and welcome to bbc news. a huge fire has ripped through one of the rohingya refugee camps in bangladesh. the blaze took hold in coxs bazar in the south—east of the country. the fire has been brought under control and volunteers are estimating the damage. the charity action aid said their initial assessment was that more than 2,000 shelters had been gutted, affecting around 12,000 people. no casualties have been reported so far. hundreds of thousands of rohingya refugees, who e...

The Kolkata Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the admissibility of discounts that were passed on to the buyers and were known at the time of clearance...

Last month, Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mittal had pitched for a globally-accepted, "well-structured and comprehensive standards framework" for the valuation of stressed firms under the IBC.

CESTAT Chennai held that the licence fee is includible in transaction value only when licence fee is paid as condition of sale. Accordingly, licence fee cannot be included to the transaction value when the same is not a condition of sale.

The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that Waste or rubbish that is thrown up in the course of manufacture cannot be said to be a product of...

The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has observed that certificates issued by qualified professionals like cost accountants, chartered accountants,...

Chinas first safety certificate for plant gene editing has been issued by the Ministry of Agriculture and Rural Affairs (MOA) recently, approving that gene editing in China has entered the fast lane for the sectors development and industrialization, which will further guarantee food security.

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You likely are aware, from the news and our prior communications, that Congress currently is considering proposals that may have a significant impact on many estate plans. Although we...

Monday, July 12, 2021 INTRODUCTION CBDT prescribes rules for determining the ‘full value of consideration’ in case of slump sales, for computing capital gains.  The rules provide that the higher of the value determined basis a book-value formula (FMV1) or the actual consideration (FMV2) shall be considered to be the full value of consideration.  Recently the Central Board of Direct Taxes (“CBDT”) released the much-awaited valuation rules for computing capital gains arising f...