Circulars No. SEBI/HO/DDHS/PoD1/CIR/P/2023/150 -
04/09/2023
SEBI's latest circular dated September 04, 2023, outlining new abridged prospectus formats for debt securities and non-convertible redeemable preference shares....
Circular No. SEBI/HO/GSD/TAD/P/CIR/2023/149 -
04/09/2023
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 mar...
Trade Notice No. 26/2023-24-DGFT -
04/09/2023
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. ...
With the advancement of technology, now taxation related proceedings are also become digital. Now, ITR Filing, tax payment, ITR Assessment are all done through online mode to provide convenience to taxpayer. In this move, Income Tax Department has introduced concept of Faceless Assessment of Income Tax Return. Now, cases that are selected...
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. Below is a general overview of...
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. Auditing FEMA&...
Pawan Kumar Vs DCIT (ITAT Amritsar) -
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....
ACIT Vs Keti Construction (India) Limited (ITAT Indore) -
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....
Niamat Mahroof Virj Vs ITO (ITAT Mumbai) -
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....