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Archive: 07 March 2024

Posts in 07 March 2024

DGFT notifies Revised Import Quantities for RPC & CPC in Aluminium Industry from FY 2024-25

March 7, 2024 678 Views 0 comment Print

Explore the latest Government of India notification (No. 68/2023) amending Import Policy for Raw Pet Coke and Calcined Pet Coke under Chapter 27. Stay informed on policy changes.

Amendment to Master Direction – Credit & Debit Card – Issuance & Conduct Directions, 2022

March 7, 2024 576 Views 0 comment Print

Explore the latest amendments to RBI’s Master Direction on Credit Card and Debit Card Issuance. Discover changes, applicability, and insights for banks and NBFCs

Action Plans 8-10: Aligning Transfer Pricing Outcomes with Value Creation 

March 7, 2024 543 Views 0 comment Print

Actions 8-10 of the Base Erosion and Profit Shifting (BEPS) agenda aim to address misapplications of international transfer pricing rules. These misapplications result in profit allocations not aligned with the economic activities generating them.

DVAT: Delhi HC Directs Consideration of Interest Claim under Section 42

March 7, 2024 261 Views 0 comment Print

Delhi High Court orders consideration of interest claim under Section 42 of DVAT Act for non-payment of interest on VAT refund within two weeks.

Balloons for Outdoor Decoration (Not Toy Balloons) Exempt from BIS Registration: CESTAT

March 7, 2024 696 Views 0 comment Print

CESTAT Chennai rules decoration balloons imported by Bubbly Balloons do not require BIS registration, setting aside the confiscation order by Customs.

Two parallel proceedings for same period not permissible under GST Law

March 7, 2024 7362 Views 0 comment Print

Explore the Guwahati High Courts ruling on parallel GST proceedings for the same period. Learn about the case, implications, and the legal perspective on dual actions under CGST and SGST Acts.

Deemed Public Companies under Companies Act, 2013

March 7, 2024 5643 Views 2 comments Print

Explore the concept of Deemed Public Companies under the Companies Act, 2013. Learn about compliance, restrictions, and the hybrid nature of these entities. Get insights on regulatory implications.

Comparative Analysis: Revised Secretarial Standards 1 & 2 (Effective April 1, 2024)

March 7, 2024 7932 Views 0 comment Print

Dive into the revisions of ICSI’s Secretarial Standards 2024, exploring key changes impacting corporate governance. Understand implications for company secretaries and the broader corporate landscape.

Interest in land is Assets for determining FMV of shares & Capital Gain Calculation

March 7, 2024 762 Views 0 comment Print

J&K and Ladakh High Court rules leasehold interest in land as a company asset, impacting share valuation and capital gains calculation. Read the detailed judgment analysis.

Microfinancing activity by charging exorbitant interest not charitable in nature: ITAT Bangalore

March 7, 2024 450 Views 0 comment Print

ITAT Bangalore held that microfinancing activities by charging exorbitant interest cannot be considered to be charitable purpose in terms of section 2(15) of the Income Tax Act accordingly exemption claimed u/s 11 and 12 duly deniable.

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