HC held that, procedural lapses cannot be a ground for denying substantive benefits to assessee. Further held that, Show Cause Notice issued before the passing of such order was barred by limitation.
HC held that, there is no malice or lack of jurisdiction of Revenue Department to initiate proceedings and passing the order for confiscation of gold and levy of penalty, as discrepancy in quantity mentioned in documents and quantity recovered was sufficient reason for Revenue Department to suspect GST evasion.
CBIC-6/1 /2021 -CX-VI Section-CBEC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Tax & Customs (CX & ST Wing) Room No. 263-E, North Block, New Delhi, dated: 6th February, 2023 INSTRUCTION To, 1. The Principal Chief Commissioner/ Chief Commissioner of CGST & CE (All), 2. Director General, Directorate of System […]
In the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to align the extant framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO, SEBI undertook a review of the regulatory framework for green debt securities.
Certain stock brokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, have come to occupy a significant position in the Indian securities market which is leading to concentration of activity among few stock brokers.
Government provides a big relief to MSMEs for COVID-19 period; fulfils promise announced in Union Budget 2023-24 95% of bid or performance security forfeited for failure to execute contracts to be refunded; No interest shall be paid on such refunded amount Relief provided in all contracts for procurement of Goods and Services, entered into by […]
ITAT Mumbai held that when company issues Foreign Currency Convertible Bonds (FCCB) they incurs a liability to pay a larger amount than what is borrowed and such liability to pay the additional amount is revenue expenditure.
Greenwashing is a marketing tactic used to mislead consumers into believing that products are environmentally friendly. In India, greenwashing is becoming increasingly prevalent. Learn about the Indian regulatory context of greenwashing here.
Learn about the impact of Section 54/54F on founders of start-ups who sell equity & purchase residential houses with a limit of max. INR 10 cr. from April 2024
WHAT IS PROJECT OFFICE: A Project Office (PO) means a place of business established to represent the interests of a foreign company executing a project in India. Such offices are prohibited from undertaking or carrying on any activity other than the activity relating to the execution of the project for which such office is established. […]
