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SEBI’s latest circular dated September 04, 2023, outlining new abridged prospectus formats for debt securities and non-convertible redeemable preference shares.
Securities and Exchange Board of India (SEBI) has issued a new circular dated September 4, 2023, outlining important changes in the mode of payment with respect to the SEBI Investor Protection and Education Fund (IPEF). The circular aims to streamline the payment process, offering multiple payment options and ensuring greater ease for market participants. Context: The […]
Banking & financial institutions concerned are therefore encouraged to extend Pre-shipment and Post-shipment Export Credit and Packing Credit Loan in Foreign Currency (PCFC) to E-Commerce exports based on extant guidelines issued by RBI.
Patna High Court, in case of M/s Aastha Enterprises, upheld denial of Input Tax Credit (ITC) to petitioner purchaser due to supplier’s failure to pay GST to government. Court invoked Section 16(2)(c) of GST Act in its decision.
Explore Faceless Assessments under the Income Tax Act, 1961 – a digital approach for fair and efficient tax processes. Learn about the structure, procedures, and key considerations to navigate this technology-driven tax assessment model seamlessly.
Compliances under the Companies Act vary depending on the jurisdiction and the specific provisions of the Act applicable to a particular company. In many countries, including India, the Companies Act is a comprehensive piece of legislation that governs the formation, management, and dissolution of companies.
From an auditor’s perspective, the Federal Emergency Management Agency (FEMA) is a federal agency in the United States responsible for coordinating disaster response and providing financial assistance to state and local governments, as well as individuals and businesses, during and after natural or man-made disasters.
ITAT Amritsar held that initiation of Assessment Proceedings u/s 153C, instead of section 153A, in case of the searched assessee makes the entire assessment invalid. Accordingly, penalty levied u/s 271(1)(c) is not maintainable.
ITAT Indore held that issuance of notice under section 148 of the Income Tax Act to the demerged company i.e. non-existent company is invalid and liable to be quashed.
ITAT Mumbai held that in terms of General Clauses Act, 1897 period of six month mentioned in Section 54EC of the Income Tax Act has to be regarded as six British Calendar months.
