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Archive: January, 2024

Posts in January, 2024

Kerala HC Denies Extension for Tax Payment under Subka Vishwas Scheme

January 25, 2024 774 Views 0 comment Print

Explore the Kerala High Court judgment on Coach India vs Superintendent of Central Tax. No writ jurisdiction invoked for extending Subka Vishwas Scheme’s payment deadline. Details and analysis provided.

No section 272A(2)(k) Penalty for mere Technical Breach: ITAT Delhi  

January 25, 2024 1368 Views 0 comment Print

Explore Ambience Developers vs. JCIT case: ITAT Delhi holds no penalty for technical breach under section 272A(2)(k) of the Income Tax Act. Detailed analysis and key insights.

ITC Not Allowable under Bengal VAT for Payment to Third Party: Calcutta HC

January 25, 2024 1281 Views 0 comment Print

Explore the judgment of Calcutta High Court in Pacharia Exports vs. Special Commissioner. Denial of Input Tax Credit (ITC) for payments to third parties. Full analysis provided.

Unutilized ITC Refund Valid, Debit Entries Not Mandatory: Madras HC

January 25, 2024 9403 Views 0 comment Print

Madras High Court rules in favor of VSM Weavess India Private Limited, stating unutilized ITC refund cannot be denied over debit entry delays. Details and implications.

SEBI Clarification on Angel Fund Regulations – LV Angel Fund

January 24, 2024 2325 Views 0 comment Print

Explore SEBIs response to LV Angel Funds queries on Angel Fund Regulations. Get insights on extension limits, minimum investments, revised term-sheets, and sub-schemes.

SEBI’s declines to respond to informal guidance request on policy concerns

January 24, 2024 1050 Views 0 comment Print

Explore Axis Bank compliance with SEBI governance regulations. Analysis of the Informal Guidance request and SEBI response. Learn about subsidiary governance framework and regulations

Ingram Micro India Challenges GST Assessment Order: HC Quashes & Remands

January 24, 2024 5836 Views 0 comment Print

Ingram Micro India Pvt Ltd moves High Court against GST assessment order for 2017-18. Court quashes order, directs reconsideration, citing lack of proper evaluation.

ITAT Limits Disallowance Percentages for Business Expenses

January 24, 2024 1548 Views 0 comment Print

In the case of Crescent Chemicals Vs ITO, ITAT directs AO to restrict disallowance percentages for Business Promotion, Conveyance, and Office Maintenance expenses, providing relief to the assessee.

FAQs on Direct Listing Scheme

January 24, 2024 1861 Views 0 comment Print

Explore FAQs on the Direct Listing Scheme for Indian companies on international exchanges. Learn about eligibility, regulations, and benefits. Get insights into IFSCA’s role and incentives.

Indian Government’s Historic Move: Direct Listing on GIFT IFSC

January 24, 2024 1284 Views 0 comment Print

Ministry of Finance announces groundbreaking policy allowing Indian companies to list on GIFT IFSC, unlocking global capital, boosting foreign investment, and reshaping the capital market landscape.

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