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Archive: March, 2024

Posts in March, 2024

Corrigendum to Income Tax Notification No. 27 of 2024

March 19, 2024 7716 Views 0 comment Print

Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their impact.

CBDT Amends India-Spain Double Taxation Avoidance Agreement (DTAA)

March 19, 2024 4632 Views 0 comment Print

Explore the Notification No. 33/2024 on the agreement between India and Spain for tax exchange. Understand its implications and changes in taxation laws.

GST evasion over Rs. 15 Crores: HC denies interim bail to accused

March 19, 2024 477 Views 0 comment Print

Detailed analysis of Ratnambar Kaushiks bail plea under Section 439 of CrPC, involving charges under CGST Act. Rajasthan High Courts decision discussed.

Audit Plays Catalytic Role in Promoting Efficiency and Effectiveness: CAG

March 19, 2024 531 Views 0 comment Print

Discover the catalytic role of audit in enhancing efficiency and effectiveness, as emphasized by the Comptroller and Auditor General of India at SRCC Business Conclave.

Penalty Imposed: Vivan Trade Impex for Non-Filing of annual returns

March 19, 2024 1200 Views 0 comment Print

Explore the adjudication order by the Registrar of Companies penalizing M/s Vivan Trade Impex Pvt Ltd for non-filing of annual returns under Section 92 of the Companies Act, 2013.

Manufacturing & distribution activity being different it is fair to segregate both contracts: ITAT Mumbai

March 19, 2024 945 Views 0 comment Print

ITAT Mumbai held that as under distribution segment assessee is purchasing Finished Drug Formulation from its AE for sale in India and under manufacturing segment assessee is transacting with non-AEs, it is fair and reasonable to segregated contract of manufacturing activity and distribution activity. Accordingly, matter remanded.

Order passed u/s 144(C)(1) of Income Tax Act to be construed as draft assessment order only: Madras HC

March 19, 2024 1614 Views 0 comment Print

Madras High Court rules that any order under Sec 144(C)(1) must be a draft assessment; detailed analysis of Ramco Cements Ltd. vs ITO case provided.

Alleged GST evasion of Rs. 43.93 crores: Rajasthan HC grants bail

March 19, 2024 630 Views 0 comment Print

Detailed analysis of the Rajasthan High Court’s decision to grant bail to Vikas Bajoria under Section 439 Cr.P.C. in connection with a tax evasion case. Learn about legal arguments, precedents, and conditions imposed.

Alleged GST evasion of ₹17 crores: Rajasthan HC grants bail to accused

March 19, 2024 492 Views 0 comment Print

Detailed analysis of the Rajasthan High Court judgment granting bail to Vishesh Sahal under Section 439 Cr.P.C. in connection with a tax evasion case. Learn about the legal arguments, precedents, and conditions imposed.

Alleged GST evasion of Rs. 21 crores: Rajasthan HC grants bail to accused

March 19, 2024 438 Views 0 comment Print

Dive into the Naresh Chandra Jajra vs Union of India case at Rajasthan High Court. Detailed analysis of the judgment granting bail. Understand the legal intricacies.

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