The ITAT Mumbai invalidates reopening of assessment after 4 years with the approval of Joint Commissioner in the case of Maiden Marketing India Private Limited. Learn the detailed analysis of this decision.
Ministry of Corporate Affairs penalizes Smalticeram India Private Limited for holding only two board meetings in a financial year instead of the required four. Learn about the case, penalties, and compliance details.
Read about Reserve Bank of India’s (RBI) Draft Master Direction on treatment of wilful defaulters and large defaulters in 2023. Provide feedback by October 31, 2023.
SEBI Board Meeting discussed securities market trends, approved flexibility in Large Corporates framework, and extended compliance timelines for Investment Advisers.
Kamlesh Chandra Varshney has assumed role of Whole Time Member at SEBI, bringing extensive experience from Indian Revenue Service and tax policy.
Read Notification No. 68/2023 by Government of India, Ministry of Finance, regarding customs exchange rates effective from September 22, 2023
Read Notification No. 02/2023 from CESTAT, New Delhi, introducing virtual hearings. Learn about the procedure, technical requirements, and protocols for e-hearings.
Learn about GST reporting for restaurant services through E-Commerce Operators (ECOs) and recent changes in GST Council regulations.
In the case of Bharat Electronics Ltd. Vs ACIT (ITAT Bangalore), the reassessment was found void as it relied on a mere change of opinion without new evidence.
ITAT Mumbai’s landmark decision: Mechanical approval under Section 153D of the IT Act vitiates assessments, making them liable to be quashed.
