SC refused to interfere with order passed by Chhattisgarh High Court, wherein bail was denied to accused in alleged matter for availment of wrong ITC, on the ground that investigations were still going on for detecting more fake suppliers and investigations might be hampered if bail was granted.
HC quashed the Order passed by the Revenue Department rejecting the refund application of the assessee, on the grounds that, no opportunity of personal hearing was provided, which is against the principles of natural justice. Further, directed the Revenue Department to pass an order after adhering to the principles of natural justice, considering on merits and in accordance with law within a period of 12 weeks.
Explore the key provisions of Secretarial Standards (SS-4) on the Report of Board of Directors under the Companies Act, 2013. Understand the prescribed format and disclosures for enhanced corporate transparency.
Delve into the comparison between the old and new income tax regimes in India. Explore the impact on deductions, exemptions, and overall tax liability.
PFRDA issued a notification introducing the Systematic Lump sum Withdrawal (SLW) for the benefit of National Pension System (NPS) Subscribers. The SLW process allows subscribers to withdraw a lump sum amount periodically until the age of 75. This notification provides details on the SLW facility, process flow, and its applicability to both Tier-I and Tier-II accounts.
Understand the intricacies of CSR expenditure deduction under Section 80G. Explore recent clarifications and legal standpoints for a comprehensive view.
Explore Budget 2023 amendments to Charitable Trust & Institutions provisions. Understand changes in corpus handling, loan repayments, and registration processes effective from April 1, 2023.
Virani Metal Industries v. State of Gujarat (Gujarat High Court) The Gujarat High Court in M/S Virani Metal Industries v. State of Gujarat (SCA No.13233 of 2022 decided on 30.11.2022) held that the SCN issued without reasons and vague is bad in law and liable to be set aside. FACTS M/s. Virani Metal Industries (hereinafter […]
ChatGPT, the worlds most advanced AI system, is taking the world by storm. Discover why and how it’s changing the future of finances with its cutting-edge technology
Find out how listed companies must comply with SEBI’s minimum public shareholding of 25% and the manner of achieving it in this article.
