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Archive: 13 May 2023

Posts in 13 May 2023

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6498 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Chartered Accountants, Company Secretaries & Cost Accountants under PMLA

May 13, 2023 35040 Views 0 comment Print

Under the amended PMLA, Chartered Accountants, Company Secretaries & Cost Accountants are covered within the definition of the Reporting Entity. Understand the obligations, verification processes, and confidentiality requirements. Stay compliant with the latest regulations.

SEBI Regulatory Framework For Micro, Small & Medium REITs (MSM REITs)

May 13, 2023 5109 Views 0 comment Print

In the past 2-3 years, there has been a mushrooming of web based platforms offering fractional ownership of real estate assets. These platforms provide investors an option to invest in buildings and office spaces including warehouses, shopping centres, conference centres, etc. The minimum investment on these Fractional Ownership Platforms (FOPs) range from INR. 10 lakhs to INR. 25 lakhs.

SEBI Consultation paper on Delisting of Non-Convertible Debt Securities

May 13, 2023 1659 Views 0 comment Print

Delisting means permanent removal of securities of the entity from the trading platform of a recognised Stock Exchange, either voluntarily or compulsorily; once, the securities are delisted, no trading is permitted in such securities on the trading platform of Stock Exchanges.

Hon’ble SC directed governments to verify POSH compliance

May 13, 2023 1665 Views 0 comment Print

Stay compliant with the POSH Act! The Honble Supreme Court directs the Government to ensure workplaces follow the Sexual Harassment of Women at Workplace Act, 2013. Understand the regulations, compliance, and the constitution of Internal Committees.

Addition of GST not paid on or before ITR due date when client not paid dues

May 13, 2023 8283 Views 0 comment Print

Explore the challenges of AI-driven tax processing, focusing on the controversial addition under section 143(1)(a) of the Income Tax Act for GST not deposited by the due date. Understand the implications and potential issues arising from automated systems.

Addition u/s 69 sustained as no evidence produced to prove source of cash deposit

May 13, 2023 1461 Views 0 comment Print

ITAT Chennai held that addition under section 69 of the Income Tax Act sustained as no corroborative evidence produced to prove the source for the cash deposits during demonetization period.

Dept not permitted to file Revision Application under Section 35EE of Central Excise Act

May 13, 2023 744 Views 0 comment Print

Commissioner of Service Tax Vs Mail Order Solutions (I) Ltd (CESTAT Mumbai) The provisions regarding filing of appeals before the Tribunal are governed under the provisions of Section 86 of the Finance Act, 1994. Sub-section (1) ibid provides for filing of the appeal by an assessee before the Tribunal. The first proviso appended to sub-section […]

HC uphold cancellation of Customs Duty Exemption Certificate (CDEC) granted to Apollo Hospitals

May 13, 2023 984 Views 0 comment Print

Madras High Court considers withdrawal of customs duty exemption for Apollo Hospitals’ imported medical equipment. Analysis of compliance with Notification No.64/88.

Karnataka High Court quashes Rs 21,000 crore SCN to Gameskraft Ltd

May 13, 2023 12729 Views 0 comment Print

Gameskraft Technologies Private Limited Vs Directorate General of Goods Services Tax Intelligence (Karnataka High Court) HC held that There is a distinct difference between games of skill and games of chance; games such as rummy, etc. as was discussed in several decisions above and particularized in the Division Bench decision of this Court in All India […]

Section 112(1)(c)(iii) overrides General Capital Gain computation Provisions for non-residents

May 13, 2023 13467 Views 0 comment Print

Legatum Ventures Limited Vs ACIT (ITAT Mumbai) ITAT held that capital gains arising on the sale of unlisted shares by a non-resident has to be computed only by reference to the provisions of Section 112(1)(c)(iii) of the Income Tax Act, 1961 without cognizance to the provisions under Section 48 of the Act. From the perusal […]

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