Kerala High Court held that bail application of petitioner involved in tax evasion of more than Rs. 6.5 crores on allegation of supply of goods without issuance of invoice rejected as such serious allegations needs thorough investigation.
Condonation of 92 days delay due to medical difficulty of officer in charge was allowed as liquidation proceedings were still underway, and the admission of claim which was a statutory dues would not derail/protract the liquidation proceedings in respect of the Corporate Debtor.
ITAT Delhi held that incentive / subsidy given by state Governments on account of development of new Multiplexes in the state is capital receipt.
Delhi High Court dismissed condonation of delay in filing of appeals by revenue in absence of any sufficient cause shown. Court observed that no action is taken against the officers who sit on files and do nothing under presumption that the court would condone delay in routine.
Explore the changes in foreign currency exchange rates under Customs Notification No. 92/2023 by the Ministry of Finance. Effective from 19th December 2023.
Discover the simplified process for investor accreditation by SEBI. Learn about KYC access, financial criteria, and the updated validity period. Stay informed!
CBIC reduces Special Additional Excise Duty on diesel exports to Rs. 0.50 per litre from Rs. 1.00, effective December 19, 2023. Details in Notification No. 42/2023-Central Excise.
Get the latest update: CBIC slashes SAED on Petroleum Crude to Rs. 1300/tonne and hikes SAED on ATF Exports to Rs. 1/litre, effective December 19, 2023. Details in Notification No. 41/2023-Central Excise.
Explore the latest Income Tax Amendment (Twenty-Eighth Amendment) Rules, 2023. Understand the new investment clause and its impact. Stay informed with the Ministry of Finance.
Telecommunications Bill, 2023 introduced in Lok Sabha to amend and consolidate the law relating to development, expansion and operation of telecommunication services and telecommunication networks; assignment of spectrum; and for matters connected therewith or incidental thereto.
