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Archive: 31 May 2023

Posts in 31 May 2023

Guwahati HC Sets aside Order Rejecting Zimma of Seized Areca Nuts

May 31, 2023 1599 Views 0 comment Print

Guwahati High Court reverses rejection of zimma for seized areca nuts in Anowar Hussain’s case. Petitioner allowed to file a new petition with strict conditions.

Calcutta HC Sets Aside Assessment Order due to Violation of Natural Justice

May 31, 2023 1332 Views 0 comment Print

Calcutta High Court has overturned the order passed under Section 148A(d) of Income Tax Act and restored the matter to the stage of 148A(b).

UPGST: Allahabad HC Upholds Penalty based on Corroborative Evidence

May 31, 2023 606 Views 0 comment Print

Allahabad High Court has upheld the tax penalty imposed on Jalsa Resorts under Section 74 of the Uttar Pradesh Goods and Service Tax Act (UPGST Act). The court found corroborative evidence supporting the imposition of the penalty.

Issuance of Notice & Reassessment Beyond Six Years Barred by Limitation

May 31, 2023 1974 Views 1 comment Print

Calcutta High Court has recently ruled that the issuance of notice and initiation of reassessment beyond six years is barred by limitation

Default in Furnishing TDS Statement: Section 200A applicable from June 2015

May 31, 2023 9939 Views 0 comment Print

ITAT Pune rules that fee for default in TDS statement under Section 234E of the Income Tax Act applies only after June 1, 2015.

Promoting Domestic IT Hardware Manufacturing: PLI 2.0 Scheme Unveiled

May 31, 2023 1770 Views 0 comment Print

Learn about the Production Linked Incentive (PLI) 2.0 Scheme for IT Hardware launched by the Indian government. Discover its objectives, target segments, eligibility criteria, scheme tenure, and benefits for domestic manufacturers. Stay informed about the initiative driving India’s aim to become a global hub for IT hardware production.

LODR Regulations Override Suggestions by ICSI on Related Party Transactions

May 31, 2023 12858 Views 0 comment Print

LODR Regulations take precedence over suggestions by the Institute of Company Secretaries of India (ICSI) and other authorities regarding related party transactions (RPTs).

SEBI clarifies on Applicability of submission of BRR or BRSR

May 31, 2023 10422 Views 0 comment Print

SEBI) has issued an interpretative letter in response to a request for informal guidance from Nectar Lifesciences Limited. The letter addresses the applicability of Business Responsibility and Sustainability Reporting (BRSR) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SEBI clarifies that till the financial year 2021-2022 the top 1000 listed entities on the […]

PAN and Aadhar Linking: Extended Deadline & Step-by-Step Procedure

May 31, 2023 2412 Views 0 comment Print

Discover the step-by-step procedure to link your PAN and Aadhaar before the extended deadline of June 30, 2023. Learn how to check the linking status, make the applicable payment, and rectify common errors. Ensure compliance with the updated deadline and avoid any disruptions to your financial transactions.

IBBI restores registration of valuer considering stay order of Bombay HC

May 31, 2023 1092 Views 0 comment Print

IBBI disposed the appeal filed by Yardi Prabhu Consultants & Valuers Pvt. Ltd. against suspension order issued on April 6, 2022. The appeal was made in response to a show cause notice regarding alleged contraventions of the Valuation Rules. The suspension was based on the alleged lack of eligibility of a director, as he faced […]

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