"08 November 2023" Archive

SEBI Circular: Procedural Framework for Unclaimed InvIT Distributions

SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/178 08/11/2023

Introduction: The Securities and Exchange Board of India (SEBI) has issued a circular (SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/178) on November 08, 2023, addressing the procedural framework for dealing with unclaimed amounts in Infrastructure Investment Trusts (InvITs). The circular outlines regulations and procedures for the transfer of uncla...

SEBI Circular: Handling Unclaimed REIT Distributions

SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/177 08/11/2023

Read SEBI's latest circular on handling unclaimed amounts in Real Estate Investment Trusts (REITs). Learn the procedural framework, claim process, and more...

SEBI Circular: Framework for Unclaimed Amounts in Non-Convertible Securities

Circulars No. SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/176 08/11/2023

Learn about SEBI's procedural framework for unclaimed amounts in non-convertible securities, including the transfer to Escrow Accounts and Investor Education and Protection Fund...

Changeability of Income Tax on Source of Incomes of Family Investment Funds (Company/LLP)

Understand how Changeability of Income Tax affects Family Investment Funds (Company/LLP) in the IFSCA Fund Management Regulations. Learn how the set up of a FIF in IFSC's can help you invest globally with a closer to the ground Indian approach....

Posted Under: SEBI |

Demystifying Section 5 & 6 of Indian Competition Act 2002: Understanding “Combination” and Its Regulations

Demystifying Section 5 & 6 of Indian Competition Act 2002 - Understand how big business deals, mergers, and acquisitions protect consumers in India. Combination & regulations explained w/real-life examples....

Posted Under: SEBI |

No Interest or Penalty for Unutilized Excess Input Tax Credit Claim

Deepak Sales Corporation Vs Union of India (Punjab and Haryana High Court)

Punjab and Haryana High Court ruled in Deepak Sales Corporation vs. Union of India that no interest or penalty is applicable when input tax credit is not utilized....

Delhi HC Upholds deletion of Pre-Operative Stage Expenses Disallowance

PCIT Vs Imperative Hospitality Pvt Ltd (Delhi High Court)

Delhi High Court upholds deletion of disallowance on expenses incurred during the pre-operative stage in the case of PCIT vs. Imperative Hospitality Pvt Ltd....

Delhi HC Set Aside non-speaking Income Tax Transfer Orders 

Kamlesh Kumar Jha Vs PCIT (Delhi High Court)

Delhi High Court sets aside Income Tax transfer orders for administrative convenience. Highlights the need for speaking orders with reasons and DIN compliance....

HC Sets Aside Assessment Order Due to AO’s Error in Including Previous Year’s Balance

ST Josephs FCC Province Thalassery Vs ITO (Kerala High Court)

Kerala High Court corrects a mistaken assessment by the AO, excluding previous year's balance to determine the annual receipt for a specific Assessment Year....

SC dismisses SLP as Income Tax Amount is less than Rs. 2 crores

PCIT Vs Gujarat Lease Financing Ltd. (Supreme Court of India)

The Supreme Court of India dismisses the SLP against tax recovery due to a low amount below Rs.2 crores, following CBDT Circular 17/2019....

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December 2023