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Archive: 28 May 2024

Posts in 28 May 2024

GST Demand When Case is Revenue Neutral: ITC Claimed in GST Annual Return

May 28, 2024 1755 Views 0 comment Print

Calcutta High Court sets aside GST Cess demand on cigarettes, ruling in favor of Ankit Kumar Agarwal, citing revenue neutrality and timely filed annual return.

Magistrate Should Not Act As Prosecution’s Post Office: Rajasthan HC

May 28, 2024 375 Views 0 comment Print

Rajasthan High Court emphasizes that magistrates must apply judicial mind, not act as prosecution’s post office, while taking cognizance of cases.

Review of IFSCA Market Infrastructure Regulations 2021

May 28, 2024 390 Views 0 comment Print

IFSCA invites public suggestions to review 2021 Market Infrastructure Regulations, aiming to simplify compliance and boost secondary markets in IFSC.

Reassessment Notice Under Section 148 Invalid If Issued After Four Years

May 28, 2024 12243 Views 0 comment Print

Learn why a reassessment notice issued under Section 148 beyond the four-year period from the end of the relevant assessment year is deemed invalid, with insights from a recent ITAT decision.

Non-Maintenance of Registered Office: MCA imposes Penalty of Rs. 3.84 Lakh

May 28, 2024 969 Views 0 comment Print

Learn about the Rs. 3.84 lakh penalty imposed by MCA on Shanti Easy Pay Nidhi Ltd. for failing to maintain a registered office. Read the full details here.

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