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Archive: August, 2023

Posts in August, 2023

Revisionary proceedings u/s 263 justified as AO passed order without necessary enquiry

August 25, 2023 816 Views 0 comment Print

ITAT Bangalore held that PCIT duly invoked provisions of section 263 of the Income Tax Act as assessment order was passed by AO without carrying out necessary enquiry/verification.

Learn Valuable GST Lessons from Chandrayan 3

August 25, 2023 9162 Views 0 comment Print

Explore insights drawn from Chandrayaan-3’s mission & apply them to GST practices, from addressing obstacles to adopting automation.

Liabilities Faced by Independent Directors in Their Roles and Responsibilities

August 25, 2023 6294 Views 0 comment Print

The concept of independent directors brought about a significant shift in corporate governance, particularly following high-profile scandals such as the Enron case in the US and the Satyam controversy in India.

GSTN Issued Advisory for Mera Bill Mera Adhikaar Scheme

August 25, 2023 1650 Views 0 comment Print

GSTN has developed and launched a mobile application (available on iOS and Android platforms) and also a web portal for Mera Bill Mera Adhikaar scheme.

No Profiteering on project ‘Anandam Square’ by Friends Land Developers: CCI

August 25, 2023 495 Views 0 comment Print

CCI finds no evidence of profiteering by Friends Land Developers for Anandam Square project. CGST Act, 2017’s Anti-Profiteering provisions not violated.

No Profiteering on Other Projects by ATS Township except project ATS Rhapsody: CCI

August 25, 2023 639 Views 0 comment Print

Director General of Anti-Profiteering Vs ATS Township Pvt. Ltd. (CCI) Introduction: The Competition Commission of India (CCI) has recently concluded an investigation into allegations of profiteering against ATS Township Pvt. Ltd. The investigation, led by the Director General of Anti-Profiteering (DGAP), was conducted following directives from the National Anti-profiteering Authority (NAA). Detailed Analysis: 1. The […]

Pearlite Real Properties not guilty of Profiteering: CCI

August 25, 2023 450 Views 0 comment Print

Pearlite Real Properties vindicated in the profiteering case by the Competition Commission of India after a comprehensive review. Details of the decision inside.

Advisory: Ban on Ads including Surrogate Ads for Online Betting Platforms

August 25, 2023 912 Views 0 comment Print

Stay informed about the latest government advisory banning advertisements for online betting platforms. Learn about the legal implications and consequences for media entities.

Tamil Nadu Govt Sets up Committee to Study Settlement Pattern of IGST

August 25, 2023 1803 Views 0 comment Print

Tamil Nadu, seeks a clear understanding of its IGST settlement patterns. A committee, under chairmanship of Thiru Arvind Subramanian, has been established to examine these intricacies.

Section 154 action Based on TDS Shortfall reported in Form 3CD is valid

August 25, 2023 1152 Views 0 comment Print

ITAT Delhi held that initiation of action u/s. 154 of the Income Tax Act on the basis of shortfall in TDS on year end provisions reported in Form 3CD of the assessee cannot be faulted. Accordingly, matter remanded to AO.

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