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Archive: 19 July 2023

Posts in 19 July 2023

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

February 14, 2025 3603 Views 0 comment Print

Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.

Madras HC Dismisses Saravana Group’s Petition Against Income Tax Demand

July 19, 2023 2559 Views 0 comment Print

An examination of the Madras High Courts dismissal of the Saravana Groups writ petition challenging tax demand notices for multiple years on technical grounds.

Cash Deposits during Demonetization Linked to LPG Cylinder Sale: ITAT directs Reconsideration

July 19, 2023 1080 Views 0 comment Print

A detailed analysis of the recent ITAT Bangalore ruling in Anaveer Proprietor Vs ITO. The matter has been restored for reconsideration of the source of cash deposits during demonetization linked with LPG cylinder sales.

Delayed deposit of employee contributions to PF/ESIC – ITAT upholds addition

July 19, 2023 969 Views 0 comment Print

The Delhi bench of ITAT rules against Gopi Mani Kuttan on delayed deposit of employee contributions to PF/ESIC, in compliance with income tax laws. The article explores the verdict in detail and provides an analysis of the implications of the ruling.

Bidders’ Selection and Bid Rejection Not Abusive Under Section 4 of CCI Act

July 19, 2023 417 Views 0 comment Print

Read the full text of the judgment/order by the Competition Commission of India in the case of Ravinder Singh vs Dr. Janaki Jangpangi. The judgment analyzes the allegations of bid rejection and determines that it does not amount to abuse under Section 4 of the CCI Act.

Reporting Entity under Prevention of Money Laundering Act, 2002: ICSI

July 19, 2023 1110 Views 0 comment Print

Get insights into the obligations of reporting entities under the Prevention of Money Laundering Act, 2002. Read about the role of the Institute of Company Secretaries of India (ICSI) and the AML & CFT guidelines for professionals.

SEBI Circular: Extending Trading Window Closure Period for Listed Companies

July 19, 2023 17715 Views 1 comment Print

Read about the extension of the trading window closure period for listed companies as per the SEBI Circular No. SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124 dated July 19, 2023, and the phased implementation of the framework for restricting trading by Designated Persons (DPs) through freezing PAN at the security level.

Auditors cannot escape their Liability under Companies Act, 2013

July 19, 2023 1866 Views 0 comment Print

Explore the liability of auditors under the Companies Act, 2013. This analysis examines recent court rulings and the impact of Section 140(5) on auditors’ resignation and fraudulent acts.

Govt launches CRCS – Sahara Refund Portal for Cooperative Society Depositors

July 19, 2023 1194 Views 0 comment Print

Union Home Minister Amit Shah launches the CRCS – Sahara Refund Portal, enabling genuine depositors of Sahara Group Cooperative Societies to submit claims for refund. Under the leadership of Prime Minister Narendra Modi, crores of people will finally get back their hard-earned money

Battle of Vahe Imperial Gardens: Consumers Triumph over Deceptive Real Estate Developer

July 19, 2023 1500 Views 0 comment Print

Imagine the excitement of buying your dream home, eagerly waiting for its completion and possession, only to face delay after delay, broken promises, and endless frustrations. In such cases, consumers may file a complaint seeking relief from the concerned authorities.

Admissibility of refund despite delay under Rule 96A – Devil Lies In The Details!

July 19, 2023 8097 Views 3 comments Print

Explore the admissibility of refunds despite delays under Rule 96A in GST. Understand the intricacies, past clarifications, time limitations, and action points for exporters.

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