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Archive: May, 2023

Posts in May, 2023

A Successful Start: Tips & Strategies for Starting a Business in India

May 27, 2023 915 Views 0 comment Print

Starting a business in India is a challenging yet rewarding venture. It requires a lot of effort, dedication, and a strong understanding of the local market and regulations. This article has provided an overview of the key steps involved in setting up a business in India and the potential challenges you may face. If you are ready to take the plunge, there are plenty of opportunities to make your venture a success.

Simplified SOP for Scrutiny of GST Returns for FY 2019-20 onwards

May 27, 2023 3339 Views 0 comment Print

Explore the simplified Standard Operating Procedure (SOP) for the scrutiny of GST returns from FY 2019-20 onwards. Learn about selection, preparation, and the response process for effective compliance.

Remedy against third party not available under Section 66 of IBC: SC

May 27, 2023 5436 Views 0 comment Print

Supreme Court reaffirmed that Section 66 of the Insolvency and Bankruptcy Code cannot be invoked against third parties and that civil remedies available under the law must be pursued for recovery of dues from such parties.

Cryptocurrency recovery lost BTC recovered

May 27, 2023 996 Views 0 comment Print

The impact of scams has shown that certain volatile values are affected in certain terms on basis and defaults that are done in past runs with the course and progress of settlement.

Exploring the Advantages & Disadvantages of GST in India

May 27, 2023 4131 Views 1 comment Print

While GST has brought significant changes to India’s tax landscape, it also has its advantages and disadvantages. This article delves into the various aspects of GST, exploring its pros and cons in the Indian context.

Violation of principles of natural justice – ITAT restores matter back to AO

May 26, 2023 6375 Views 0 comment Print

ITAT Amritsar orders restoration of Bashir Ahmad Sofi’s case due to violation of natural justice. Ex parte orders quashed, fresh assessment directed.

MCA imposes penalty for delay in filing resolution in e-form MGT-14

May 26, 2023 11643 Views 0 comment Print

Company was required to file a copy of the resolution in e-form MGT-14 within 60 days i.e. by 31.08.2021. However, the e-form MGT-14 was filed by the company only on 20.04.2022 vide SRN 796533765 with a delay of 231 days.

Substantive Right Cannot Be Taken Away By A Procedural Lapse: SC

May 26, 2023 9849 Views 0 comment Print

Delve into the Supreme Court judgment on procedural defects and substantive rights in the case of Ramnath Exports Pvt Ltd Vs Vinita Mehta. Learn about the implications of procedural irregularities on litigants’ rights.

CIT(A) cannot change section under which AO made addition during assessment

May 26, 2023 5124 Views 0 comment Print

Delve into the intricacies of the case Smt. Sekar Jayalakshmi Vs ITO (ITAT Chennai), analyzing the discrepancy between Section 68 and Section 69A of the Income Tax Act.

Section 54F Deduction allowed despite Non-Construction of New House within Prescribed Time Limit  

May 26, 2023 11064 Views 0 comment Print

Delve into the Sharada Mohan Shetty Vs ITO case, analyzing the intricacies of Sec. 54F exemption claim, construction delays, and legal implications.

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