Keenara Industries Private Limited Vs ITO (Gujarat High Court) HC held that substituted provisions of sections 147 to 151 shall be applicable w.e.f. 01.04.2021, and as per First Proviso to Section 149, limitation as specified under unamended provision as it stood prior to 01.04.2021, shall be applicable. As per unamended provision prescribing limitation, no notice can […]
Insurance Regulatory and Development Authority Ref No: IRDAI/HLT/CIR/MISC/58/2/2023 Dated:27.02.2023 To All General Insurers (except ECGC, AIC) and Stand-alone Health Insurers Re: Product for Persons with Disabilities (PWD), Persons afflicted with HIV/AIDS, and those with Mental Illness 1. Reference is drawn to the following sections of the Statutes mentioned below: a. Section 21(4) of the Mental […]
Tripura High Court set aside impugned order and remanded back to the Respondents for passing the order after giving the petitioner a reasonable opportunity of being heard.
Assessing Officer cannot pass an order on the basis of pure suspicion and surmised without giving reasonable opportunity of hearing the case which is sought to be made out in assessment order
Assessee has every right to know reasons for passing a demand order against him, said High Court of Tripura by setting aside impugned non-speaking demand order.
Clarifying GSTs RCM on purchases from unregistered persons: Explore the evolution of Section 9(4) CGST Act from 2017 to present, exemptions, and specific notifications for a clear understanding.
Curbing cash transactions Section 269SS of Income Tax Act mandates electronic modes for loans above ₹20,000 to fight black money. Understand the provisions, penalties for non-compliance, and FAQs.
Penalty leviable u/s.271AAA was 10% of the concealed income whereas under section 271(1)(c), the penalty was leviable at 100% of the tax sought to be evaded, therefore, the claim of AO that show cause notice had been issued under both under section 271AAA and section 271(1)(c) was not correct and it was not a typographical error.
Company failed to attach a complete copy of the Director’s Report and Auditor’s Report for financial year 2019-20, resulting in violation of Section 134 & 137 of Companies Act.
GST Council highlights Rab with revised tax rates: Initially classified under 1702 at 18%, now reclassified to 5% for prepackaged sales, ensuring clarity and fairness in sugarcane product taxation.
