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Archive: April, 2024

Posts in April, 2024

RBI Designates State Bank of India as Lead Bank for New Assam District

April 18, 2024 2166 Views 0 comment Print

Discover how RBI assigns lead bank responsibilities for Tamulpur, the new district in Assam, impacting financial outreach. Details inside!

Partial modification to IBBI’s 2023 circular on liquidators’ fees

April 18, 2024 1014 Views 0 comment Print

Learn about the partial modification to IBBIs 2023 circular on liquidators’ fees. Analysis of changes and their impact on insolvency professionals.

Government Ends Safeguard Measures on Isopropyl Alcohol Imports

April 18, 2024 798 Views 0 comment Print

Learn about the discontinuation of safeguard measures on Isopropyl Alcohol imports by the Government of India. Details in Trade Notice No.02/2024-25-DGFT.

Simple Ways to Get Mobile Loan Online From Hero FinCorp

April 18, 2024 720 Views 0 comment Print

Nowadays, mobile phones have transitioned from mere accessories to indispensable tools connecting us to the world. With affordable internet access, online shopping, banking, and e-learning are now conveniently accessible through smartphones

Non-filing of Financial Statement for 3 Years: MCA Imposes Penalty

April 18, 2024 2694 Views 0 comment Print

Learn how non-filing of financial statements for 3 years led to penalties by MCA for a Bihar company. Detailed analysis, implications, and appeals process included.

Jharkhand HC Rules on Placement Agency Responsibilities & Monetary Loss to JSBCL

April 18, 2024 1221 Views 0 comment Print

The case of Urmila International Services Private Limited versus Jharkhand State Beverages Corporation Limited shed light on the obligations of placement agencies and the circumstances under which they can be held accountable for monetary losses incurred by JSBCL.

Assessment void if section 143(2) jurisdictional notice was issued beyond prescribed time limit

April 18, 2024 5610 Views 0 comment Print

Read about the case of Aark Infosoft Pvt. Ltd. vs. ACIT (ITAT Ahmedabad) where the assessment was deemed void due to a delayed Section 143(2) notice.

ITAT Upholds PCIT’s Decision on Erroneous Assessment Orders and Inadequate Inquiries in Tax Evasion Case

April 18, 2024 1074 Views 0 comment Print

ITAT upholds PCIT’s decision on erroneous assessment orders in tax evasion case. Changela’s appeals dismissed as inadequate inquiries led to erroneous orders.

Guide to Buyback of Shares in India under Companies Act & Tax Considerations

April 18, 2024 8940 Views 0 comment Print

Explore the intricacies of share buybacks in India under the Companies Act and tax considerations. Understand the legal and financial aspects for companies and shareholders.

Expenses Cannot Be Disallowed Without Assessee’s Claim in the Relevant Year

April 18, 2024 2589 Views 0 comment Print

Analyzing the case of Sunil Dhirubhai Patel vs ITO, where expenses were disallowed despite not being claimed by the assessee, and how the ITAT Ahmedabad ruled in favor of the assessee.

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