Cash routed to non-existent firm deemed proceeds of crime; laundered funds and properties attachable, provisional attachments confirmed; two accounts ...
Continuation of Section 73 service-tax proceedings after provider's death (construing s.65(7)) - held to abate; posthumous OIO and recoveries invalida...
Amendments to Accounting Standard (AS) 22 introduce Pillar Two legislation and require that enterprises do not recognise or disclose deferred tax assets or liabilities arising from Pillar Two income taxes; instead enterprises must disclose application of that exception and separately disclose current tax expense (income) related to Pillar Two. Where Pillar Two legislation is enacted or substantively enacted but not yet effective, enterprises must disclose known or reasonably estimable qualitative and quantitative exposure information (including indicative ranges), subject to an exemption for Small and Medium-sized Companies. Paragraphs 2A and 32A apply retrospectively; 32B-32D apply for annual periods beginning on or after 1 April 2025.
Amendments to Accounting Standard (AS) 22 introduce Pillar Two legislation and require that enterprises do not recognise or disclose deferred tax assets or liabilities arising from Pillar Two income taxes; instead enterprises must disclose application of that exception and separately disclose current tax expense (income) related to Pillar Two. Where Pillar Two legislation is enacted or substantively enacted but not yet effective, enterprises must disclose known or reasonably estimable qualitative and quantitative exposure information (including indicative ranges), subject to an exemption for Small and Medium-sized Companies. Paragraphs 2A and 32A apply retrospectively; 32B-32D apply for annual periods beginning on or after 1 April 2025.
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