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Archive: 13 June 2023

Posts in 13 June 2023

Reopening of assessment without any new tangible material is untenable in law

June 13, 2023 783 Views 0 comment Print

ITAT Chennai held that reopening of assessment in absence of any failure on the part of the assessee to disclose material facts necessary for the assessment and without any new tangible material is untenable in law.

SEZ units not exempt from search & seizure proceedings conducted by GST authorities

June 13, 2023 2085 Views 0 comment Print

HC held that GST authorities have power to conduct search and seizure against assessee operating in SEZ and further applied a cost on assessee for abusing due process of law.

E-filing Income Tax Return for International Income Sources

June 13, 2023 3435 Views 1 comment Print

Suppose you are a non-resident Indian (NRI) or a person of Indian origin (PIO) with income sources outside India. In that case, you may wonder how to file your income tax returns in India. This article will explain the basics of e filing of income tax return for international income sources.

Penalty Imposed on Ocean Pharmacoat Pvt Ltd for Delay in Filing MGT-14

June 13, 2023 588 Views 0 comment Print

Ocean Pharmacoat Pvt Ltd and its officers penalized for a 405-day delay in filing MGT-14, violating Section 117 of the Companies Act, 2013. 

Mandatory 2-Factor Authentication for Taxpayers with AATO above 100cr from 15/07/2023

June 13, 2023 39291 Views 1 comment Print

New requirement for 2-factor authentication for taxpayers with AATO above 100cr from 15/07/2023. Learn about implementation & registration process for enhanced security in e-Way Bill and e-Invoice System.

IGST Act Quandary: Are Sections 13(8)(b) and 8(2) Constitutionally Valid?

June 13, 2023 4644 Views 2 comments Print

Read about the Bombay High Court’s decision on the constitutionality of Sections 13(8)(b) and 8(2) of the IGST Act. Understand the implications and significance of the ruling on the taxation of exported services and its impact on businesses.

Government denies Co-WIN Data Breach Allegations

June 13, 2023 2253 Views 0 comment Print

Health Ministry assures the public that the Co-WIN portal is secure with stringent data privacy safeguards. Learn about the security measures in place, OTP authentication-based access, and the request for investigation into the alleged data breach.

Centre Imposes Stock Limits on Wheat Till March 2024

June 13, 2023 1095 Views 0 comment Print

Indian government has imposed stock limits on wheat for wholesalers, traders, retailers, and processors to manage food security and prevent hoarding. Find out the stock limits, offloading plans, and efforts to stabilize essential commodity prices.

ZCash’s Mining Algorithm Explained: Understanding Equihash and Its Benefits

June 13, 2023 1788 Views 0 comment Print

Developed in 2016, it was designed to address some of the shortcomings of other proof-of-work algorithms and has become the mining algorithm of choice for several cryptocurrencies, including ZCash. In this article, we will explore Equihash in depth and discuss its benefits and advantages for ZCash miners and investors.

Artificial Intelligence and Bitcoin Gold: Synergies and Applications

June 13, 2023 843 Views 0 comment Print

As the world of cryptocurrencies expands, Bitcoin Gold has emerged as a prominent player, offering unique features and opportunities. Simultaneously, Artificial Intelligence (AI) continues to revolutionize various industries with its transformative capabilities. This article explores the synergies between Bitcoin Gold and AI, delving into their potential applications.

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