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Archive: May, 2024

Posts in May, 2024

ITAT Upholds Cancellation of Registration for Trust Building Leasing Income

May 23, 2024 2028 Views 0 comment Print

ITAT Pune upheld the cancellation of Golden Charitable Trust’s registration, citing commercial activity from leasing property. Read the detailed analysis of the order.

Major amendments in SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015

May 23, 2024 9786 Views 7 comments Print

SEBI amends Listing Regulations 2015, introducing new compliance rules for market rumours, risk management, and KMP vacancies to streamline listed entities’ obligations.

Petitioners Must Adhere to Prescribed Procedure for Budgetary Support: Sikkim HC

May 23, 2024 252 Views 0 comment Print

Glenmark Pharmaceuticals’ dispute over budgetary support claims under GST lands in Sikkim High Court. Detailed analysis of the judgment, implications, and conclusions provided.

Department can recover ITC of non-existent and bogus Firms: Allahabad HC

May 23, 2024 9357 Views 0 comment Print

Allahabad High Court rules against Rajshi Processors for wrongful ITC claims based on non-existent firms. Learn about the judgment and its implications on GST Section 16.

Non-resident’s salary/allowances for services rendered abroad not taxable in India

May 23, 2024 3402 Views 0 comment Print

ITAT Delhi rules non-resident’s salary for services rendered abroad not taxable in India, providing significant relief under India-Australia DTAA.

Customs: Summons Couldn’t Be Issued Without Specific Orders/Directions for Summoning

May 23, 2024 366 Views 0 comment Print

The Delhi High Court quashes summons issued by Patiala House Court due to lack of specific direction, highlighting procedural errors. Read the full judgment and analysis.

Kolkata HC Sets Aside Tribunal’s Arbitrary Annual Property Tax Valuation

May 23, 2024 324 Views 0 comment Print

Calcutta High Court overturns arbitrary property tax assessment by Kolkata Municipal Corporation. Detailed analysis and judgment inside.

When Material from a Search Triggers Reassessment: Section 153C, Not 148, Applies

May 23, 2024 1122 Views 0 comment Print

Detailed analysis of the Rajasthan High Court decision in Tirupati Construction Company vs ITO, highlighting the legal nuances of reopening assessments under Sections 148 and 153C.

Dynamics of Share Market

May 23, 2024 837 Views 0 comment Print

Discover the dynamics of the share market, where buyers and sellers trade publicly listed shares and various financial securities. Learn about trends, volatility, and investor behavior.

Service tax leviable on services rendered by Advocate & Senior Advocate under RCM

May 23, 2024 543 Views 0 comment Print

Explore the Karnataka High Court’s verdict on the levy of service tax for legal services by advocates and senior advocates under reverse charge. Understand exemptions and implications in this comprehensive analysis.

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