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Archive: 17 May 2024

Posts in 17 May 2024

SEBI (Buy-Back of Securities) (Amendment) Regulations, 2024

May 17, 2024 744 Views 0 comment Print

Discover the latest amendments to SEBI’s Buy-Back of Securities Regulations, 2018, impacting equity shares’ pricing and market dynamics. Details provided.

SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2024

May 17, 2024 804 Views 0 comment Print

Learn about the latest amendments to SEBI’s Takeover Regulations, enhancing governance and transparency in substantial share acquisitions. Details provided.

SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2024

May 17, 2024 927 Views 0 comment Print

SEBI issued amendments to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, on May 17, 2024.

ITAT deletes Interest Addition: Assessee Possessed Adequate Own Funds for Investments

May 17, 2024 435 Views 0 comment Print

Explore the detailed analysis of ITAT Delhi’s ruling on the appeal filed by ACIT against Dish Infra Services Pvt. Ltd., covering unexplained cash credit, debenture issue expenditure, and interest disallowance.

ITAT Bangalore Remands Commission Discrepancy Case Back to AO for Fresh Consideration

May 17, 2024 216 Views 0 comment Print

ITAT observed discrepancies between appellant’s claimed sales and commission received, as per Form 26AS, subject to TDS deductions. Tribunal concluded that issue required examination by AO, considering reconciliations with Form 26AS, and remitted matter back to AO for fresh consideration.

Delhi HC directs expeditious disposal of GST registration cancellation application

May 17, 2024 246 Views 0 comment Print

Delhi High Court directs expeditious disposal of Hari Om Enterprises’ GST registration cancellation application alleging incorrect date. Read the judgment here.

Delhi HC Orders GST Registration Cancellation from SCN Issuance Date

May 17, 2024 249 Views 0 comment Print

Acknowledging the mutual desire of both parties for cancellation of registration, the court modified the order to cancel the registration with effect from 22.06.2022, the date of the Show Cause Notice. It directed the petitioner to comply with the provisions of Section 29 of the Central Goods and Services Tax Act, 2017.

12 Unicorns, over 125 startups commit to onboarding ONDC

May 17, 2024 423 Views 0 comment Print

Read about the ONDC Startup Mahotsav organized by DPIIT, a platform where startups harness the Open Network for Digital Commerce (ONDC) with 12 Unicorns and 125+ startups onboarded.

No Section 56 addition When Assessee was not True Beneficiary but Only Facilitator

May 17, 2024 558 Views 0 comment Print

Tribunal concluded that assessee was not real beneficiary of transaction but merely acted as a facilitator. Therefore, additions made under section 56 of Act were deemed arbitrary and were overturned.

IBBI Suspends IP Registration for Failing to Conduct Asset Due Diligence

May 17, 2024 171 Views 0 comment Print

Read the detailed order by IBBI Disciplinary Committee regarding alleged contraventions by Manish Kumar Gupta in a corporate insolvency resolution process.

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