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Archive: 14 March 2024

Posts in 14 March 2024

Section 263 proceeding based on mere audit objections without independent assessment invalid

March 14, 2024 1026 Views 0 comment Print

Pinkcity Jewelhouse Pvt. Ltd. Vs PCIT (ITAT Jaipur) ITAT Quashes Section 263 proceeding which were merely based on audit objections and lacked an independent assessment

Revisional jurisdiction u/s 263 unjustified without any error or infirmity in assessment order: ITAT Delhi

March 14, 2024 561 Views 0 comment Print

ITAT Delhi held that revisional jurisdiction u/s. 263 of the Income Tax Act not invocable in absence of any error or infirmity in the assessment order which could make the assessment order erroneous and prejudicial to the interest of revenue.

Akash Sruti Spice India Private Limited Penalized for non-filing of Financial Statement

March 14, 2024 99 Views 0 comment Print

Discover the penalty adjudicated under Section 137 of the Companies Act, 2013 against Akash Sruti Spice India Private Limited for non-compliance with financial statement filing regulations.

Police Chargesheets Must Meet Section 173(2) CrPC Requirements: SC

March 14, 2024 1542 Views 0 comment Print

Learn from the latest Supreme Court judgment how police officers must ensure comprehensive details in chargesheets as per Section 173(2) CrPC. Non-compliance is strictly viewed.

SIP myths and facts: What you need to know

March 14, 2024 1272 Views 0 comment Print

Investing can be a daunting prospect, especially for those venturing into the world of Systematic Investment Plans (SIPs) for the first time. In this article, we’ll demystify common SIP myths and unveil the facts, providing a clear understanding of what you need to know to make informed investment decisions.

U.S. President Proposes 30% Crypto Mining Tax in 2025 Budget

March 14, 2024 501 Views 0 comment Print

In a recent revenue proposal document released on 11 March, the U.S. administration overseen by Joe Biden put forward a proposal for a 30% excise tax on crypto mining activities.

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