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Archive: May, 2024

Posts in May, 2024

TDS Return Filing in Form 24Q Instead of 26Q Shouldn’t Attract Late Fees if No Revenue Loss

May 22, 2024 3237 Views 0 comment Print

Read the detailed analysis of Birla Cement Works STFF Provident Fund’s appeal against the late fee imposed under section 234E of the Income Tax Act. ITAT Jodhpur’s order considered technical errors and the impact of COVID-19.

RTI Appeal: Disclosure of IBBI (Land & Building) Valuers Exam Papers Denied

May 22, 2024 123 Views 0 comment Print

In a recent RTI appeal, the Insolvency and Bankruptcy Board of India upheld the decision to deny the disclosure of valuation exam papers, citing public interest concerns.

SEBI Master Circular on Debt Securities and Commercial Paper

May 22, 2024 627 Views 0 comment Print

Explore SEBI’s Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, and more. Stay compliant with SEBI regulations.

Alleged excess claim of Input Tax Credit: Delhi HC Orders Re-Adjudication

May 22, 2024 576 Views 0 comment Print

Delhi High Court restores matter to proper officer for adjudication of SCN on no excess claim of ITC. Learn about the case and its implications.

No Additions Based on Email Without Corroborative Evidence: ITAT Delhi

May 22, 2024 582 Views 0 comment Print

Read the detailed analysis of Amit Katyal Vs DCIT (ITAT Delhi) where no corroborative evidence was found to prove a Rs. 5 crore payment, leading to deletion of the addition.

Post approval of resolution plan by CoC, no new claims should be entertained: NCLT Mumbai

May 22, 2024 300 Views 0 comment Print

The NCLT Mumbai ruled that claims filed after CoC approval of a resolution plan cannot be admitted, emphasizing the need for timely claim submissions in CIRP.

Delayed Secretarial Audit Report Submission: MCA Imposes ₹16 Lakh Penalty

May 22, 2024 402 Views 0 comment Print

MCA penalizes Best & Crompton Engineering Projects Ltd. Rs. 16 lakh for delayed Secretarial Audit Report submission. Read the full adjudication order details.

Delhi HC Directs Flipkart to Combat GST Misuse by Rogue Sellers

May 22, 2024 486 Views 0 comment Print

Delhi High Court directs Flipkart to address misuse of GST by rogue sellers on its platform. Learn about the court’s order and the steps taken by Flipkart in compliance.

All deposits during demonetization should not be presumed unaccounted: ITAT Bangalore

May 22, 2024 1287 Views 0 comment Print

Discover why not every deposit during demonetization is deemed unaccounted cash. Detailed analysis of Narayanappa Munikrishnappa Vs ITO case remitted for fresh consideration by ITAT.

Rajasthan HC denies Bail in Rs. 187.68 Cr ITC Fraud case involving 47 Fake Firms

May 22, 2024 885 Views 0 comment Print

Rajasthan HC denies bail to Dheeraj Singhal on medical grounds in a case involving Rs. 187.68 Cr ineligible GST ITC claims. Full details of the judgment.

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