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Archive: July, 2023

Posts in July, 2023

Delhi HC Quashes Income Tax Notice over AY Error in Depositing Tax

July 14, 2023 621 Views 0 comment Print

A significant judgment from the Delhi High Court in the case of Anita Arora Vs ACIT, dismissing a tax notice due to a deposit error. Find out the details of the case and the court’s verdict.

HC directs affidavit-in-opposition for GST SCN methodology & jurisdiction

July 14, 2023 723 Views 0 comment Print

Explore the recent judgment from the Calcutta High Court in the case of Datta Iron & Steel Pvt Ltd Vs DCIT, as the court mandates filing of an affidavit in opposition over the show cause notice issued by GST authorities.

Aadhaar Requirement for Digital Crop Survey: Ministry of Agriculture Notification

July 14, 2023 1593 Views 0 comment Print

Understand the Ministry of Agriculture’s notification on the mandatory use of Aadhaar for the Digital Crop Survey project. Learn about the documents required, exception handling mechanisms, and the benefits of Aadhaar authentication.

Smart Meters Quality Control Order 2023: Compliance & Standards

July 14, 2023 1059 Views 0 comment Print

Learn about the Smart Meters Quality Control Order 2023 issued by the Department for Promotion of Industry and Internal Trade. Understand the compulsory use of standard marks and the certification authority. Ensure compliance with the Indian Standards for smart meters.

Welding Rods & Electrodes Quality Control Order 2023: Compliance & Standards

July 14, 2023 2259 Views 0 comment Print

Stay informed about The Welding Rods and Electrodes Quality Control Order 2023 issued by the Department for Promotion of Industry and Internal Trade. Learn about the compulsory use of standard marks and the certification authority. Ensure compliance with the Indian Standards for welding rods and electrodes.

Definition of Investment Fund amended: Income Tax Notification No. 49/2023

July 14, 2023 1692 Views 0 comment Print

Read the amendment issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes regarding the definition of an investment fund under the Income Tax Act. The amendment clarifies the criteria for funds established or incorporated in India and regulated under SEBI or IFSCA regulations.

Weekly newsletter from Chairman, CBIC dated 14/07/2023

July 14, 2023 510 Views 0 comment Print

The weekly newsletter from the Chairman of the Central Board of Indirect Taxes & Customs (CBIC) dated 14/07/2023 highlights India’s exceptional trade facilitation ranking and showcases a traditional art form from the Tirupathi region. The newsletter also mentions significant achievements in customs operations and emphasizes the importance of supporting communities affected by extreme weather events. […]

Clarification: Import of Gold by SEZ Units – DGFT Policy Circular 03/2023-24

July 14, 2023 2346 Views 0 comment Print

Read the clarification issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India, regarding the import of gold by SEZ units. The policy circular clarifies that import under specific HS codes is exempted from the recent import restrictions.

Release of Imported Consignments for Producers of 106 EEEs Items: Customs Instruction

July 14, 2023 2790 Views 1 comment Print

Read the latest instruction from the Ministry of Finance and Central Pollution Control Board regarding the release of imported consignments for producers of 106 EEEs items under the E-Waste (Management) Rules, 2022.

Clarification: No Expert Committee Formation by SEBI for SCRA Changes

July 14, 2023 873 Views 0 comment Print

Get the clarification on the news item regarding the formation of an expert committee by Securities and Exchange Board of India (SEBI) for suggested changes to the Securities Contract Regulation Act (SCRA). SEBI confirms no committee formation or ongoing discussions for enhanced prosecution powers.

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