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Archive: April, 2024

Posts in April, 2024

Valuation Services by A Chartered Accountant

April 15, 2024 30279 Views 2 comments Print

Discover why valuation services are crucial for Chartered Accountants & professionals. Learn about the scope, significance, and certification provided by ICAI.

ITSC Cannot Grant Immunity Without Full & True Disclosure: Delhi HC

April 15, 2024 1185 Views 0 comment Print

Once it is seen that the disclosure was not full and truthful, the ITSC loses its jurisdiction to entertain such an application as well as to provide any immunity to the applicant from prosecution and penalties.

RBI Guidelines: Key Facts Statement (KFS) for Loans & Advances

April 15, 2024 9520 Views 0 comment Print

Understand RBIs Key Facts Statement (KFS) for loans & advances. Learn about APR, fees, charges, and borrower empowerment

RBI CIMS Project: Submission of Statutory Returns (Form A, VIII, IX) on CIMS Portal

April 15, 2024 4725 Views 0 comment Print

Understand the RBIs directive for commercial banks to shift statutory return submissions from XBRL Portal to CIMS Portal. Learn about the transition process and timelines.

Hedging of Gold Price Risk in Overseas Markets

April 15, 2024 1503 Views 0 comment Print

Learn about RBI’s latest circular permitting resident entities to hedge gold price risk using OTC derivatives in IFSC, enhancing flexibility for risk management.

Madras HC Orders Disposal of TNVAT Interest Refund Petition

April 15, 2024 660 Views 0 comment Print

In a case against Syngenta Crop Protection Pvt Ltd, Madras HC directs disposal of refund petition concerning TNVAT Act interest calculation. Full judgment provided.

GSTR 3B & 2A ITC Disparity: HC grants opportunity subject to 10% Pre-deposit

April 15, 2024 6744 Views 0 comment Print

Read the full text of the judgment/order by Madras High Court quashing an assessment order due to procedural irregularities. Learn about contesting tax demand with 10% pre-deposit.

No Sec 69 Addition merely for Property Transfer via Registered Sale Without Payment to Vendor: ITAT

April 15, 2024 10041 Views 0 comment Print

Understand the implications of unexplained expenditure as Hyfun Foods challenges an addition of Rs. 95,47,000/- under section 69 of the Income Tax Act. Detailed analysis and verdict included.

GST: Delhi HC Orders Re-adjudication as Assessee’s Detailed Reply was Ignored

April 15, 2024 1098 Views 0 comment Print

Delhi High Court mandates re-adjudication of flawed GST assessment order due to failure to consider detailed reply of assessee. Read the full judgment here.

Delhi HC set-aside CGST Act Demand Order for not issuing SCN prior to order

April 15, 2024 1542 Views 0 comment Print

Delhi High Court sets aside demand order under Section 73 of CGST Act, citing absence of prior show cause notice. Detailed analysis of the judgment provided.

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