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Archive: January, 2024

Posts in January, 2024

IBBI Announces Reduced Cooling-off Period for Insolvency & Valuation Exams

January 18, 2024 2379 Views 0 comment Print

Stay updated on IBBI’s latest circular reducing the waiting time between Limited Insolvency Examination and Valuation Examinations. Discover the enhanced flexibility for candidates.

CCI Finds No Dominance Abuse by Madhav KRG Ltd. in Pollution Dust Market

January 18, 2024 792 Views 0 comment Print

Read the detailed analysis of the Competition Commission of India’s decision on the alleged abuse of dominance by Madhav KRG Ltd. in the pollution dust market.

No Profiteering in “Galaxy” Project by Nayan Developers: CCI

January 18, 2024 633 Views 0 comment Print

Read detailed analysis of Competition Commission of India’s order on Sh. Kuldeep Raosaheb Patil Vs Nayan Developers regarding alleged non-passing of ITC benefits in Galaxy project.

Income Tax Slabs for Individuals/HUF/AOP/BOI/AJP (Default) for AY 2024-25

January 18, 2024 12367 Views 1 comment Print

Revised income tax slabs for AY 2024-25 under Section 115BAC for Tax on income of Individuals/HUF/AOP/BOI/AJP. Learn about rebates, cess, surcharge, and special points affecting tax liability.

Delhi HC Quashes Notices: Lack of specified authority approval for Income Tax Reassessment

January 17, 2024 4119 Views 0 comment Print

Delhi High Court quashes income tax reassessment notices in case of Twylight Infrastructure Pvt Ltd due to absence of specified authority approval, emphasizing mandatory requirement.

Income Tax Refund Granted: Closure of Writ Petition – Doss Sivakarthikeyan Vs ITO

January 17, 2024 864 Views 0 comment Print

Madras High Court closes the writ petition of Doss Sivakarthikeyan challenging an income tax notice after the successful processing and deposit of the refund amount.

ITAT Directs Re-Adjudication: Notice Issued in Individual Name Instead of HUF

January 17, 2024 876 Views 0 comment Print

ITAT Delhi directs reassessment as notice issued to individual, not HUF, in late Pitam Singh’s case. Analysis of the grounds and implications of the decision.

Madras HC Reject Bunching of Show Cause Notices to Extend Limitation Period

January 17, 2024 26454 Views 0 comment Print

Madras High Court Rejects Bunching of Show Cause Notices to Extend Limitation Period: A Critical Analysis of Titan Company Ltd. Vs Joint Commissioner of GST & Central Excise

Exceeding gross receipts threshold under IT Act Section 2(15) doesn’t warrant cancellation

January 17, 2024 1179 Views 0 comment Print

Charitable Registration cannot be cancelled even if  gross receipts exceeds threshold limit prescribed in proviso u/s 2(15) of Income Act, 1961 and For that particular year alone, the assessee’s activities would not to be construed as charitable activities and assessee would be subjected to tax as a normal business assessee.

Google Pay India signs MoU with NPCI International for Global Expansion of UPI

January 17, 2024 969 Views 0 comment Print

Discover the strategic collaboration between Google Pay India and NPCI International, aiming to propel UPI on the global stage, simplifying international transactions and transforming cross-border payments.

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