"11 February 2024" Archive

Beware of Fake GST Summons: How to Verify – Ministry of Finance Advisory

Learn how to verify genuine GST summons using the VERIFY CBIC-DIN tool and protect yourself against fraudulent notices. Report suspicious cases immediately....

ITAT upholds denial of LTCG exemption on shares of Kappac Pharma Limited

Atmiben Alipitkumar Doshi Vs ITO (ITAT Ahmedabad)

Income Tax Appellate Tribunal upholds denial of LTCG exemption on shares of Kappac Pharma Limited. Read the full analysis of this remarkable decision & its implications on taxpayers....

SEBI Investigation of broker Alone Insufficient to Label Assessee’s LTCG as Bogus

ITO Vs Indravadan Jain HUF (ITAT Mumbai)

Investigate the Income Tax Appellate Tribunal ruling in ITO vs. Indravadan Jain HUF & its implications for similar cases in the future. Assessing officer's declarations on SEBI Investigation & LTCG of the assessee addressed....

LTCG from Penny Stock Cannot Be Deemed Bogus without Substantiated Allegations

Ayushi Jain Vs ITO (ITAT Kolkata)

Taxpayers and professionals alike can learn from Ayushi Jain vs. Income Tax Officer (ITO): LTCG can't be deemed bogus without substantiated allegations. Understand the intricate details of the ruling from ITAT in Kolkata....

Provisions related to Appellate Proceedings under GST

Navigate the GST appeal process with our guide on filing appeals before Appellate Authorities, including crucial steps, hierarchy, and legal sections involved....

Fate of Employees, When Employers Faces IBC Proceedings : A Legal Analysis

Explore the vital role of the Insolvency and Bankruptcy Code (IBC) in protecting employee rights during corporate insolvency, highlighting key legal provisions and judicial decisions....

Recovery Proceedings under CGST Act, 2017: Expedient to interests of revenue

ABSTRACT The Constitution of India, 1950 gave a wide power under Article 265 that no tax shall be levied or collected except the authority of law. The taxation system in India has broadly divided into two categories i.e., Direct Tax and Indirect Tax. Since the tax is payable on self assessment basis, it is possible […]...

Clause (h) of section 43B of Income Tax Act- Disallowance for delayed Payment to MSMEs

Discover how Section 43B of the Income Tax Act impacts deductions for transactions with MSMEs, promoting timely payments and economic growth. Effective from April 1, 2023....

Dismissing Indian Army Personnel Without Due Reasoning Unlawful: SC

Explore the Supreme Court's significant ruling on the wrongful dismissal of Army personnel, emphasizing lawful procedures and reinstatement rights....

Corporate Compliance Calendar for February, 2024

CORPORATE Compliance CALENDAR  covers Compliance under Income Tax act, 1961, Compliance under Goods & Services Act, 2017, Compliance under Other Statutory Laws (PF, ESIC, Under Factories Act, 1948 and Contract Labour Regulation and Abolition Act, 1970 )  and Quarterly Compliances under SEBI (LODR) Regulations 2015....

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