"26 June 2023" Archive

Non-Submission of Business Vouchers – ITAT restrict disallowance to 5%

Garve Motors Private Limited Vs DCIT (ITAT Pune)

Judgement of Garve Motors Private Limited Vs DCIT (ITAT Pune), addressing the disallowance due to non-submission of business vouchers....

First year of applicability of Tax Audit – ITAT deletes Section 271B penalty

Kartick Das Bairagya Vs ITO (ITAT Kolkata)

Explore the ruling in the case of Kartick Das Bairagya Vs ITO at ITAT Kolkata, which clarifies the conditions for non-imposition of penalty under Section 271B of the Income Tax Act....

Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023

Trade Circular No. 11T of 2023 26/06/2023

This trade circular provides information about the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023, and its applicability for the settlement of outstanding dues under various acts administered by the Maharashtra Goods and Services Tax Department....

Penalty or Redemption Fine when Bill of Entry Finally Assessed at Declared Value?

Kumar Impex Vs Commissioner of Customs (CESTAT Mumbai)

Bill of Entry has been finalized as per declared value and when Bill of Entry has been finally assessed at declared value then redemption fine and penalties cannot be imposed....

SEBI Circular: Annual Secretarial Compliance Report Format for REITs | June 2023

Circular No. SEBI/HO/DDHS-PoD-2/P/CI R/2023/103 26/06/2023

SEBI Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/103 dated June 26, 2023, introducing the format for the Annual Secretarial Compliance Report for Real Estate Investment Trusts (REITs) as per Regulation 26D of SEBI (Real Estate Investment Trusts) Regulations, 2014. The circular outlines the requirements, reporting, and monitoring processes,...

SEBI Circular: Annual Secretarial Compliance Report Format for InvITs | June 2023

Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/102 26/06/2023

Read SEBI Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/102 dated June 26, 2023, introducing the format for the Annual Secretarial Compliance Report for Infrastructure Investment Trusts (InvITs) as per Regulation 26J of SEBI (Infrastructure Investment Trusts) Regulations, 2014. The circular outlines the requirements, reporting, and monitorin...

SEBI Circular: Format of Compliance Report on Governance for REITs | June 2023

Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/101 26/06/2023

Read SEBI Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/101 dated June 26, 2023, introducing the format of the Compliance Report on Governance for Real Estate Investment Trusts (REITs) as per Regulation 26E of SEBI (Real Estate Investment Trusts) Regulations, 2014. The circular specifies the reporting timelines and the inclusion of the repor...

SEBI Circular: Format of Compliance Report on Governance for InvITs | June 2023

Circulars No.  SEBI/HO/DDHS-PoD-2/P/CI R/2023/100 26/06/2023

Read SEBI Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/100 dated June 26, 2023, introducing the format of the Compliance Report on Governance for Infrastructure Investment Trusts (InvITs) as per Regulation 26K of SEBI (Infrastructure Investment Trusts) Regulations, 2014. The circular specifies the reporting timelines and the inclusion of th...

RBI Master Direction on Minimum Capital Requirements for Operational Risk

RBI/DOR/2023-24/103 DOR.ORG.REC.22/21.06.050/2023-24 26/06/2023

RBI Master Direction on Minimum Capital Requirements for Operational Risk shall apply to all Commercial Banks (excluding Local Area Banks, Payments Banks, Regional Rural Banks, and Small Finance Banks)....

Service Tax exempt on Clearing & Forwarding Agency Services Rendered Outside India

Sundaram Industries Ltd Vs Commissioner of GST & Central Excise (CESTAT Chennai)

Sundaram Industries Ltd wins appeal against imposition of service tax on clearing and forwarding agency services provided outside India as per a ruling by CESTAT Chennai....

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