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Archive: 27 June 2023

Posts in 27 June 2023

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

June 27, 2023 11541 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 480 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 885 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 1386 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 1098 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 1287 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 15960 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 2010 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.

Nomination & Remuneration Committee not constituted – MCA imposes Penalty

June 27, 2023 8496 Views 0 comment Print

MCA imposed a penalty on PTC India Financial Services Limited for violation of Section 178 of Companies Act, 2013. Company failed to constitute Nomination & Remuneration Committee (NRC), resulting in penalties.

Penalty imposed for denying requests of IDs for obtaining legal advice

June 27, 2023 714 Views 0 comment Print

Read about the penalty imposed on PTC India Financial Services Limited for violating Section 149 of the Companies Act, 2013 by denying requests from independent directors (IDs) for legal advice. Understand the findings of the case, the obligations of the company and its officers, and the penalty amount imposed. Discover the steps for compliance and the option for appeal.

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