Bombay High Court held that that since revenue authorities have not registered their claim/attachment order with CERSAI, they cannot claim priority over dues of the Government.
Ministry of Road Transport and Highways has issued a draft notification mandating the installation of air-conditioning systems in the cabins of N2 and N3 category motor vehicles manufactured from January 1, 2025.
SMP Constructions, penalized by MCA for failing to attach Cash Flow Statement with AOC-4 form. Discover impact, legal provisions and key insights.
Bombay High Court held that since the Assessee does not have a Permanent Establishment in India, income earned by it as business profit would not be taxable in India by virtue of the provisions of Article 7 of the India-Malaysia DTAA.
Delhi High Court held that subsidy received from Government of Goa for establishing an industrial unit in a backward area is capital receipt. Further, as subsidy was not intended to meet part of cost of assets, no adjustment against cost of asset could be ordered.
DGFT issued Public Notice No. 21/2023 DGFT, dated 10th July 2023, regarding amendments under Para 2.92 and Annexure-V of Appendix-2A of IIBP 2023. These amendments pertain to the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA).
DGFT issued Notification No. 18/2023 DGFT, dated 10th July 2023, regarding revision of General Notes for Import Policy which includes amendments related to Food Import Entry Points and provides updated details in accordance with FSSAI Notifications.
