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Archive: 27 June 2023

Posts in 27 June 2023

CESTAT allows remission of duty on goods destroyed in a fire incident

June 27, 2023 672 Views 0 comment Print

CESTAT Ahmedabad grants relief to Sun Pharmaceuticals, allowing the remission of duty application on goods destroyed in a fire incident.

Delhi HC Quashes Section 148A(d) Order as allegation in notice was misplaced

June 27, 2023 2457 Views 1 comment Print

Delhi High Court quashes IT order under Section 148A(d) against Krishna Diagnostic, highlighting errors in property transaction allegations.

Madras HC Ruling: Homemaker Wife’s Equal Share in Husband’s Property

June 27, 2023 10392 Views 0 comment Print

Read about the Madras High Court ruling on the concept of communal property, stating that homemaker wives have an equal share in their husband’s funded properties. Analysis of the case involving Kannaian Naidu and Kamsala Ammal.

Mere acceptance of disallowance not imply furnishing of inaccurate income particulars

June 27, 2023 306 Views 0 comment Print

Comprehensive analysis of the ITAT Delhi’s decision in Gulab Impex Enterprises Pvt. Ltd. Vs ACIT, affirming that mere acceptance of disallowance does not necessarily constitute furnishing inaccurate particulars of income.

Ambiguity of charge sufficient to vitiate Section 271(1)(c) Penalty proceedings

June 27, 2023 621 Views 0 comment Print

A deep dive into ITAT Mumbai’s ruling in I.G. International Pvt Ltd Vs ACIT, underscoring the importance of unambiguous notices under section 271(1)(c) of the Income Tax Act, 1961.

SEBI’s Guidelines on Achieving Minimum Public Unitholding in InvITs

June 27, 2023 996 Views 0 comment Print

SEBI’s new guidelines on minimum public unitholding requirements for Infrastructure Investment Trusts and its implications for the stakeholders.

Achieving Minimum Public Unitholding: A SEBI Guide for REITs

June 27, 2023 780 Views 0 comment Print

Latest SEBI guidelines for Real Estate Investment Trusts (REITs) on achieving minimum public unitholding, including regulations and various methods for compliance

Disclosure of Non-Cooperative Issuers to Credit Rating Agencies

June 27, 2023 810 Views 0 comment Print

SEBI circular regarding disclosure of information on issuers not cooperating with credit rating agencies (CRAs) & requirements for CRAs to disclose lists of non-cooperative issuers

Section 54F Exemption Eligibility on New House Purchase Investment within belated return due date

June 27, 2023 15219 Views 0 comment Print

Requirement to deposit net consideration as per Section 54F(4) not attracted if assessee has purchased a new residential house within due date specified under Section 139(4)

Mahila Samman Savings Certificate, 2023: Available in Public & Private Banks

June 27, 2023 1800 Views 0 comment Print

Discover the Mahila Samman Savings Certificate, 2023—a significant initiative aimed at strengthening the financial security of women in India. Now available through both Public Sector and selected Private Sector Banks.

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