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Archive: May, 2024

Posts in May, 2024

Co-op Society can claim section 80P(2)(d) deduction on Interest Income from Co-op Banks

May 22, 2024 10791 Views 0 comment Print

The ITAT Bangalore rules in favor of GSSS Credit Co-operative Society Limited, allowing interest income from co-operative banks to qualify for deduction under Section 80P(2)(d).

Detention charges qualifies as operational debts under IBC: NCLT

May 22, 2024 132 Views 0 comment Print

Get insights into the NCLT Mumbai judgment regarding detention charges as operational debts under the IBC. Detailed analysis of ABC India Ltd. Vs Prabhakar Engineers Pvt. Ltd. case.

AO cannot reopen the assessment only on suspicion: ITAT Mumbai

May 22, 2024 3996 Views 0 comment Print

ITAT Mumbai rules in favor of V. K. Nanavaty Share and Stock Brokers Pvt. Ltd, quashing the reopening of assessment as wholly without jurisdiction under section 148 of the Income Tax Act.

Circular No. 05/2024-Customs on Disposal of Unmanned Aircraft Systems

May 22, 2024 444 Views 0 comment Print

The latest CBIC Circular No. 05/2024 outlines revised protocols for the disposal of Unmanned Aircraft Systems, updating nodal officer details and contact information.

LinkedIn India Penalized for Companies Act Section 89 & 90 Violations

May 22, 2024 15342 Views 0 comment Print

MCA imposes penalty on LinkedIn India for violation of Sections 89 & 90 of the Companies Act. Detailed analysis of the case and penalties imposed.

Revenue department cannot block Electronic Credit Ledger by making negative balance

May 22, 2024 5304 Views 0 comment Print

The Telangana High Court ruled that the Revenue Department cannot block an electronic credit ledger by making a negative balance, advising recovery under Sections 73 or 74 of the CGST Act instead.

MCA Penalty for PAS-3 Filing Delay and Premature Use of Subscription Money

May 22, 2024 549 Views 0 comment Print

Learn about the penalty imposed by MCA on Curebay Technology for violating Sections 42(6) & 42(8) of the Companies Act. Detailed analysis and consequences included.

Statutory Registers to be maintained Under Companies Act, 2013

May 22, 2024 16890 Views 0 comment Print

Explore the statutory registers mandated by the Companies Act, 2013, with details on forms, sections, and maintenance requirements. Gain insights into the essential registers necessary for regulatory compliance.

E-Admit Card For June, 2024 Company Secretaries Examinations

May 22, 2024 2055 Views 0 comment Print

Get your E-Admit Card for June 2024 CS Executive and Professional Examinations. Download now from the ICSI website. Avoid last-minute issues by verifying details.

Expert Committee Constitution to position GIFT IFSC as Global Commodity Trading Hub

May 22, 2024 570 Views 0 comment Print

Discover how GIFT IFSC aims to become a global commodity trading hub through expert committee initiatives, enhancing India’s financial ecosystem and global trade integration.

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