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Archive: May, 2024

Posts in May, 2024

GST liability confirmed without petitioner participation: Madras HC Remands Case for Reconsideration

May 10, 2024 960 Views 0 comment Print

Tax dispute arose from GSTR discrepancies. Proposal confirmed sans petitioner’s input. Entire liability withdrawn from bank. Opportunity given for appeal.

Delay in filing MGT-6 form – Section 89(6) Violation: MCA imposes Rs. 11 Lakh Penalty

May 10, 2024 1107 Views 0 comment Print

Sunfast TVS Ltd. and its directors fined Rs. 11 lakhs for delayed filing of Form MGT-6 under Section 89(6) of the Companies Act, 2013

Manufacturing Segment Transaction Benchmarking: ITAT Upholds TNMM Method Over CUP

May 10, 2024 801 Views 0 comment Print

Read the full text of ITAT Mumbai’s order in the case of LANXESS India Pvt Ltd vs DCIT, upholding TNMM method over CUP for benchmarking export transactions under manufacturing segment.

IRDAI Master Circular on Rural, Social Sector & Motor Third Party Obligations

May 10, 2024 2949 Views 0 comment Print

Understand IRDAI’s latest circular on rural, social sector, and motor insurance obligations for insurers. Details on methodology, implications, and compliance.

Guidelines & FAQs for Business Responsibility Report Filing

May 10, 2024 7759 Views 0 comment Print

Learn about NSEs guidelines for filing Business Responsibility and Sustainability Reports (BRSR). FAQs, observations, and guidelines provided for listed companies.

Competition Commission of India (General) Amendment Regulations, 2024

May 10, 2024 1467 Views 0 comment Print

Explore the amendments to the Competition Commission of India (CCI) regulations in 2024, enhancing transparency and procedures. Understand the implications of these changes.

ITAT Grants Section 54 Deduction for New Residential Property in Wife’s Name

May 10, 2024 22155 Views 0 comment Print

In the case of Gopalkrishna Pandu Shetty Vs ACIT (ITAT Mumbai), deduction under Section 54 of the Income Tax Act is allowed for a property purchased in the wife’s name. Detailed analysis and conclusion provided.

SEBI Mandates NISM Certification for AIF Manager’s Investment Team

May 10, 2024 2502 Views 0 comment Print

Stay informed with SEBI’s latest notification requiring key personnel in Alternative Investment Funds to obtain NISM certification. Details here.

SEBI notifies effective date of Amendments in AIF Regulations  

May 10, 2024 621 Views 0 comment Print

Get insights into SEBI latest notification regarding amendments in AIF regulations, effective immediately. Details on implications and impact here.

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2024

May 10, 2024 903 Views 0 comment Print

Read about the latest SEC notification amending stock exchange regulations. Learn about the changes, impact, and implementation.

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