"21 July 2022" Archive

Online Bond Trading Platforms – Proposed Regulatory Framework

SEBI issues Consultation Paper on Online Bond Trading Platforms - Proposed Regulatory Framework for Public Comments...

Posted Under: SEBI |

Startups – The Future of Developing India

Can you tell me the initiative that was taken back in 2016 to support entrepreneurs and to build a robust startup ecosystem to transform India into a country of job creators instead of job seekers? Could you answer it? If yes, nice GK! And if not, don’t worry I’ll tell you…. The Start-up India Scheme! […]...

Posted Under: SEBI |

9 situations in which ITR filing is mandatory

The CBDT has notified Four additional conditions vide Notification No. 37/2022, dated 21-04-2022 under the seventh proviso to section 139(1) whereby return filing is made mandatory. CBDT inserted following Rule for specifying the four additional situations  12AB. Conditions for furnishing return of income by persons referred to in clause...

Posted Under: SEBI |

Analysis – Union of India Vs Mohit Minerals Pvt. Ltd. (Supreme Court)

Union of India Vs Mohit Minerals Pvt. Ltd. (Supreme Court of India); Civil Appeal No. 1390 of 2022; 19/05/2022 A. Transaction In the case of a CIF contract, the freight invoice is issued by the foreign shipping line to the foreign exporter, without the involvement of the importer. Ocean freight is paid by the importer only […]...

Posted Under: SEBI |

Request to cancel Section 143(1) intimations Levying Double Tax

Request To Cancel or Withdraw Notices / Reissue Amended Intimations Issued Under Section 143(1) of The Income Tax Act, 1961, Which Are Creating Unnecessary Hardship And Levying Double Tax on The Taxpayers Dated: 20.07.2022 To, The Hon’ble Finance Minister, Smt. Nirmala Sitharaman, Department Of Revenue, Ministry Of Finance, Room No. 134...

Posted Under: SEBI | ,

Once identity & creditworthiness of investors is established addition u/s 68 unsustainable

ACIT Vs Sri K V Madhava Verma (ITAT Visakhapatnam)

Held that as identity and creditworthiness of the investors is established, merely because of delay in transferring of the shares to the prospective investors, the amount cannot be treated as unexplained investment u/s 68....

Renting of residential property to a Unregistered Person – Place of Supply

I am trying to explain that, if an unregistered person has taken residential (Dwelling) property from unregistered person  and how to discharge and under what head of account to be mentioned on RCM invoice by TENANT....

Posted Under: SEBI |

Section 54F Deduction available on reinvestment in twin residential units

Arunkumar Purshotamlal Khanna Vs PCIT (ITAT Pune)

Held that a residential house for the purpose of section 54F(1) deduction can indeed cover multiple units in same or different towers or residential blocks...

Posted Under: SEBI | | ,

Whether condition of pre deposit mandatory for admission of appeal under MVAT

In this article conditions for filing of appeal for the period  prior  and after 15-04-2017 have been discussed with specific reference to recent  judgment of Bombay High Court in the case of M/s United Projects....

Posted Under: SEBI |

GST demand based on promotion of business on social media – HC directs petitioner to Approach Appellate Authority

Vasavi Wedding And Event Planners Vs State of Andhra Pradesh (Andhra Pradesh High Court)

Held that information available on the social media platform of petitioner shows that the event were conducted. Petition dismissed giving liberty to the Petitioner to approach the Appellate Authority....

Search Posts by Date

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031