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PHC rejects over 60 petitions against mandatory CCTV, e-invoicing in tobacco factories

The Peshawar High Court dismissed over 60 petitions filed by various tobacco manufacturing companies challenging the ...

First Brands financier Raistone nearing sale, FT reports

Trade finance company Raistone, a creditor of First Brands, is nearing a deal to sell itself to investment firm Marblegate Asset Management, the Financial Times reported on Wednesday, citing people ...
Business Recorder

PRA to take instant action against non-filers

LAHORE: The Punjab Revenue Authority (PRA), as part of its administrative and legal reforms agenda, has decided ...
Tax Guru

Improvement Cost Allowed as Property Was Semi-Constructed at Purchase

The Tribunal held that the assessee proved substantial upgrades to a semi-constructed house using bills and contractor records. It allowed the ₹4.05 crore indexed improvement cost, rejecting the AO’s ...
Tax Guru

C-Forms Cannot Be Refused for Omission in Revised Returns: Delhi HC

Court held that C-Forms could not be refused solely because inter-state purchases were mistakenly omitted from revised returns. The ruling directs issuance of Forms as transactions were genuine and no ...