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Archive: March, 2024

Posts in March, 2024

Weekly newsletter from Chairman, CBIC, Dated: 18.03.2024

March 18, 2024 669 Views 0 comment Print

Stay updated with the latest news from CBIC! Read about achievements, infrastructure projects, conferences, and successful operations in March 2024.

निष्क्रिय (इनऑपरेटिव) स्थायी खाता संख्या (पैन) के सम्बन्ध में

March 18, 2024 2586 Views 0 comment Print

निष्क्रिय स्थायी खाता संख्या (पैन) को आधार से जोड़ने के महत्व और प्रक्रिया को जानें। आवंटित जुर्माना से बचें और स्वेच्छा से अपने पैन को आधार से जोड़ें।

Landscape of General Insurance in India: Categories & Regulatory Structure

March 18, 2024 1401 Views 0 comment Print

Explore the landscape of general insurance in India, covering categories, regulatory structures, historical developments, legal framework, landmark judgments, and the role of the IRDAI.

Eligibility and process of Registration of Charitable Trust in India

March 18, 2024 10125 Views 0 comment Print

Learn the eligibility criteria and step-by-step process for registering a charitable trust in India. Discover the significance, advantages, and FAQs related to trust registration.

Transfer pricing study selecting AE as tested party duly acceptable: ITAT Mumbai

March 18, 2024 729 Views 0 comment Print

ITAT Mumbai held that assessee selecting Associated Enterprise (AE) as “tested party” justifiable. Accordingly, transfer pricing study conducted by the assessee is duly acceptable.

Issuance of Letter of Comfort to banker of AE doesn’t constitute international transaction u/s. 92B: ITAT Mumbai

March 18, 2024 1248 Views 0 comment Print

ITAT Mumbai held that there is a fundamental gap between guarantee and Letter of Comfort. Guarantee is a legally enforceable; however, Letter of Comfort is not. Thus, issuing Letter of Comfort to the Bankers of AE, the assessee did not incurred any cost and hence it does not constitute international transaction under section 92B of the Act

Transfer or Assignment of Trademark

March 18, 2024 2724 Views 0 comment Print

Discover the process and types of trademark assignment. Learn about procedures, required documents, and benefits for a smooth transfer of trademarks.

Comprehensive Guide to Sale of Inherited Property by Non-Resident Indians

March 18, 2024 2046 Views 1 comment Print

Learn essential steps and tax provisions for Non-Resident Indians (NRIs) selling inherited property. Understand laws, remittance limits, and taxation implications effortlessly.

Bail application of accused involved in forged GST registration and fraudulent availment of ITC rejected: Allahabad HC

March 18, 2024 1509 Views 0 comment Print

Allahabad High Court held that offence relating to forged GST registration for fraudulent availment of input tax credit involving more than Rs. 2600 crore is serious and hence anticipatory bail of the accused rejected.

Revision u/s 263 justified as consistency not followed in treatment of foreign exchange gain/loss: ITAT Hyderabad

March 18, 2024 528 Views 0 comment Print

ITAT Hyderabad held that revision under section 263 of the Income Tax Act justified as consistency not followed in treatment of foreign exchange gain/loss amounts to error in sofar as it is prejudicial to the interest of revenue.

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