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Archive: 01 March 2024

Posts in 01 March 2024

Consultation paper on proposed IFSCA (Payment Services) (Amendment) Regulations, 2024

March 1, 2024 270 Views 0 comment Print

Participate in shaping the future of payment services! Share your views on proposed IFSCA regulations amendments. Learn more about escrow services changes.

ITAT allows Vodafone’s claim of depreciation on goodwill

March 1, 2024 1437 Views 0 comment Print

In a landmark ruling, ITAT Mumbai grants Vodafone the right to claim depreciation on goodwill, clarifying that amendments by Finance Bill 2021 apply prospectively from AY 2021-22.

GST Registration Cancellation: Patna HC dismisses Appeal Over Delayed Compliance

March 1, 2024 516 Views 0 comment Print

Patna High Court dismisses plea against GST registration cancellation due to appeal delay and non-compliance. Read the full judicial analysis here.

CBDT notifies ITR-7 under section 139 of Income tax Act 1961 for AY 2024-25

March 1, 2024 4170 Views 0 comment Print

CBDT notifies ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only] under section 139 of Income tax Act 1961 for AY 2024-25 vide Notification No. 24/2024-Income Tax Dated: 1st March, 2024. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification […]

Kerala HC: Writ Petition Not for Disputed Legal Issues (Edassery Resort)

March 1, 2024 159 Views 0 comment Print

Edassery Resort challenged a tax penalty order via a writ petition. Kerala High Court dismissed it, explaining disputed legal issues require the statutory appeal process, not writ petitions. They granted the resort extra time to appeal through the designated authority.

Guidelines for Rectification of Assessment Orders under Delhi GST

March 1, 2024 3243 Views 0 comment Print

Explore the instructions under Section 161 of DGST Act, 2017 for rectifying errors in demand orders, addressing arithmetical mistakes, and streamlining the rectification process for tax assessments.

Export of 50000 MT Onions (HS Code 07031019) to Bangladesh via NCEL notified

March 1, 2024 222 Views 0 comment Print

Stay updated with Notification No. 63/2023 by DGFT allowing export of onions to Bangladesh under specific conditions. Get insights here.

AI’s Role in Corporate Sector: Evolution, Applications & Challenges

March 1, 2024 2163 Views 0 comment Print

Explore the transformative power of AI in the corporate world. Understand its applications, challenges, and leading platforms, and discover how AI is shaping the future of work.

Section 462 Exemptions for Private Companies related to General Meetings

March 1, 2024 2310 Views 0 comment Print

Confused by complex meeting procedures? Understand how private companies in India benefit from exemptions under the Companies Act, 2013, allowing for more flexible and efficient general meetings.

SC Overrules Automatic Stay Vacation in Asian Resurfacing of Road Agency vs CBI

March 1, 2024 933 Views 0 comment Print

Supreme Court clarifies its power to set guidelines for courts, but not to dictate them. Understand the limitations of automatic stay vacation, interim relief principles, and how courts can ensure fair and timely case resolution.

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