SK Likproof Private Limited Vs Union of India (Gujarat High Court) -
HC held that, when the deposit within the stipulated time period was made, technical glitch being the reason for the non-functioning of the bank’s software would not hold the assessee liable or accountable for non-payment....
Read More
A Farmer Producer Company is a type of producer organization that enables farmers to pool their resources and market their produce collectively....
Read More
Please all professional friends take care in advising to your clients at different time or part of his/her life or if you are assessee then take utmost care on regular basis – in case of Agricultural Income – Revenue or Capital. Why this message is – Mumbai & Pune ITAT have give mostly similar judgments on […]...
Read More
The Reserve Bank of Bank (RBI) as a regulatory authority reviews its decision on continuous basis to keep the reserves with a view to securing monetary stability in the country by taking proper measures including changes in Repo Rate & Reverse Repo Rate, keeping the main objective of country’s growth, in mind. Meaning of REPO [&hell...
Read More
Listed Company Section 2(52) of the Companies Act, 2013 ‘Listed Company’ means a Company which has any of its securities listed on any recognized stock exchange. SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 define “Listed Entity” as entity which has listed, on a recognized stock exchange...
Read More
Case Name: Keenara Industries Pvt Ltd Vs ITO Writ Petition: 17321 of 2022 Date of judgement/order: 07.02.2023 A group of petitions filed writ before the Hon’ble Gujarat High Court challenging the notices issued u/s 148A and 148 of the Income Tax Act, 1961 pursuant to Supreme Court Judgement in case of UOI vs Ashish Aggarwal […]...
Read More
Dealers of metals/stones need to streamline their inventory valuation and records, as it may lead to implications under undisclosed income scheme The Budget 2023 has taken a major step forward by introducing the concept of inventory valuations by Cost Accountants in specific cases, as granted by Section 142(2A) of the Income Tax Act. The ...
Read More
ITO Vs Ronak Iqbal Lakhani (ITAT Mumbai) -
ITAT Mumbai held that merely because some person misused the share market to rig certain shares in the share market, adverse view against innocent regular investor is unjustifiable and unsustainable in law....
Read More
A company is a creation of law; therefore, it has to be closed by the prescribed rules and regulations. Closure of a Company means when a business is bought to an end because of certain reasons is called Company closure. Before closing the Company money has to be paid off to all creditors and assets […]...
Read More
Shubham Khandelwal Vs State of NCT of Delhi (Delhi High Court) -
Delhi High Court held granted bail, in fraudulent claim of ITC under GST, as bail already granted to co-accused and petitioner had no prior criminal antecedents....
Read More