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Archive: 27 December 2023

Posts in 27 December 2023

Draft CCI (Determination of Turnover or Income) Regulations, 2023

December 27, 2023 828 Views 0 comment Print

The Competition Commission of India (CCI) seeks feedback on the draft regulations for determining turnover or income. Share your comments from 22.12.2023 to 12.01.2024.

EPFO SOP on freezing/de-freezing the MID/UAN/Establishment

December 27, 2023 1146 Views 0 comment Print

Explore EPFO’s SOP for freezing and de-freezing MIDs, UANs, and Establishments to safeguard funds, verify genuineness, and prevent fraud. Learn the procedure and timelines.

GST Council Newsletter for the month of November 2023

December 27, 2023 1326 Views 0 comment Print

Explore the latest GST Council Newsletter – Issue 56, covering robust growth, amnesty for appeals, and biometric Aadhaar authentication. Stay informed on key updates.

GST Case Law Compendium – December 2023 Edition

December 27, 2023 11112 Views 0 comment Print

Stay informed with the December 2023 edition of GST Case Law Compendium. Explore detailed analyses of crucial cases, including penalties, transportation disclosure, recovery proceedings, fair hearing rights, cash seizures, and more.

Penalty Notice Invalid: Lack of Clarity on Section 271(1)(c) Limb Triggers

December 27, 2023 573 Views 0 comment Print

Explore the case of Pr. CIT vs Ansal Properties: Penalty notice invalidated due to ambiguity in specifying Section 271(1)(c) limb for penalty proceedings.

IRP not a Public Servant: HC quashed CBI FIR u/s 7 of Prevention of Corruption Act

December 27, 2023 471 Views 0 comment Print

Assessee was approached by Financial Creditor of FR Tech Innovations Private Limited (CD) for proposing the name of assessee as IRP in the company petition to be filed by the Financial Creditor under Section 7 of IBC, 2016 in the NCLT, Mumbai Bench by the FR Tech Innovations Private Limited.

Invalidity of Section 271(1)(c) Notice Without Specific Ground Specification

December 27, 2023 813 Views 0 comment Print

Explore the Karnataka High Court’s ruling on penalty notices under Income Tax Act in CIT vs SSA’s Emerald Meadows. Learn about specificity requirements and key findings.

Judicial Interpretation of Section 44 in Context of Insurance Business: Case Analysis

December 27, 2023 591 Views 0 comment Print

Delhi High Court’s ruling in Pr. CIT vs Sahara India Life Insurance Co. clarifies Section 44, emphasizes specificity in penalty notices under Section 271(1)(c).

No power to CIT in extending timeframe as AO was in seisin of assessment proceedings

December 27, 2023 570 Views 0 comment Print

Since the legislature vested the discretion to extend the timeframe solely in the AO, he could not have abdicated that function and confined his role to only making a recommendation to the CIT. CIT had no role in extending the timeframe as the AO was in seisin of the assessment proceedings.

No Bail Entitlement Based on Co-Accused; Individual Acts Assessed: Karnataka HC

December 27, 2023 321 Views 0 comment Print

Karnataka High Court’s landmark judgment: Accused not entitled to bail solely on co-accused’s release. Detailed analysis on individual acts and legal principles.

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