Follow Us:

Archive: March, 2024

Posts in March, 2024

Delhi HC Quashes Look Out Circular Against Guarantor (Hulas Rahul Gupta Case)

March 3, 2024 1188 Views 0 comment Print

Delhi High Court, in Hulas Rahul Gupta vs. Union Bank of India, quashed a Look Out Circular (LOC) issued against a loan guarantor. The Court held the LOC violated due process as criminal charges were absent and the bank failed to justify its request under relevant guidelines.

ITAT condones Delay in filing appeal due to Mistake of Counsel & restore matter to CIT(A)

March 3, 2024 1611 Views 0 comment Print

Explore the case of Gundarlahally Ramesh Meera Vs ITO as ITAT Bangalore directs readjudication due to delay in filing appeal before lower authorities.

Online Video Sales in India Not ‘Royalty’ under India-USA DTAA: ITAT Bangalore

March 3, 2024 855 Views 0 comment Print

ITAT Bangalore rules receipts from the sale of online videos by Plural Sight LLC to Indian clients are not taxable as ‘Royalty’ under India-USA DTAA.

Bombay HC quashes reassessment notices issued after Limitation period

March 3, 2024 3351 Views 0 comment Print

Bombay High Court quashes reassessment notices against Godrej Industries, citing issuance beyond the limitation period. A landmark victory for corporate law.

No Section 11(1) Exemption for Memento Expenses to Milk Association Heads

March 3, 2024 927 Views 0 comment Print

Read the full text of the order from ITAT Bangalore regarding denial of exemption under Section 11(1) of the Income Tax Act for expenses incurred on mementos to Presidents and Secretaries of Milk Producers Association.

Delhi HC Disposes Writ Petition on Provisional Attachment of Cash Credit Accounts

March 3, 2024 936 Views 0 comment Print

Delhi High Court disposes writ petition challenging the provisional attachment of cash credit accounts under Section 83 of the CGST Act, highlighting the statutory limitations and reservations.

Storage Charges akin to Rent, Require 20% TDS under Section 194I

March 3, 2024 7449 Views 0 comment Print

Bombay High Court rules storage tanks not land or building, impacting TDS deductions on storage charges. A pivotal decision for tax compliance practices.

GST सर्वे मॉक ड्रिल- The Original Script

March 3, 2024 2601 Views 0 comment Print

जीएसटी में सर्वे तो सामान्य रूप से होते ही है और इसके लिए जीएसटी कानून में व्यवस्था की गई है . इन दिनों तो जीएसटी सर्वे हर जगह हो रहें हैं . यहाँ मैंने एक जीएसटी सर्वे की सजीव कल्पना की है . जिसका आप आपकी एसोसिएशन उसके सदस्यों की मदद से मंच पर प्रस्तुत कर प्रोफेशनल्स एवं करदाताओं को जीएसटी सर्वे के तहत आने वाली स्तिथियों को समझा सकते हैं ताकि सर्वे जो कि एक सामान्य विभागीय प्रक्रिया है, का बिना भय और तनाव के सामना कर सके.

Introduction to Pillar one Amount B in OECD

March 3, 2024 1500 Views 0 comment Print

Discover how the OECD’s introduction of Pillar One Amount B in 2024 streamlines transfer pricing for marketing and distribution, enhancing fairness and compliance for multinational enterprises.

Case Note on Securities and Exchange Board of India vs. Abhijit Rajan

March 3, 2024 3513 Views 0 comment Print

Supreme Court ruling in a significant insider trading case underscores the necessity of a profit motive for an insider trading charge. The case involved Mr. Rajan, former Chairman of Gammon Infrastructure Projects Limited (GIPL), who sold shares before disclosing contract termination information.

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031