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Archive: 20 June 2024

Posts in 20 June 2024

No Routine Arrests on Mere Allegation Under GST; HC Grants Interim Bail

June 20, 2024 333 Views 0 comment Print

Bombay High Court grants interim bail in Mahesh Devchand Gala vs Union of India, ruling against routine arrests under GST allegations. Full judgment details inside.

Assessments Void Due to Lack of Section 153D Approval: Delhi ITAT

June 20, 2024 273 Views 0 comment Print

The Delhi ITAT ruled assessments concluded without mandatory Section 153D approval as void, affecting Emaar MGF Land Ltd’s cases from AY 2010-11 to AY 2015-16.

HC directs consideration of Condonation of Section 264 revision application against Section 143(1) intimation

June 20, 2024 309 Views 0 comment Print

Delhi HC directs obtaining instructions in BT India Pvt Ltd vs PCIT case, discussing dismissal of revision application under Section 264 of the Income Tax Act.

Delhi ITAT Rules No Tax on Technical Services to AE Without PE in India

June 20, 2024 447 Views 0 comment Print

Read the full text of the Delhi ITAT order on Denso (Thailand) vs ACIT, discussing tax liability for technical services under India-Thailand DTAA, absence of FTS clause, and PE considerations.

Approval of resolution plan, does not absolve companies from existing liabilities

June 20, 2024 513 Views 0 comment Print

While the NCLT approved the resolution plan, it does not absolve companies from their existing liabilities. The duty to disclose remains paramount.

Special call auction mechanism for price discovery of scrips of listed ICs/IHCs

June 20, 2024 441 Views 0 comment Print

Discover SEBI new special call auction mechanism for listed Investment Companies (ICs) and Investment Holding Companies (IHCs) to enhance price discovery and investor confidence.

SEBI modifies duration for Call Auction in pre-open session for IPO & Relisted scrips

June 20, 2024 216 Views 0 comment Print

SEBI’s latest circular modifies call auction rules for IPOs and relisted scrips to prevent market manipulation. Learn about the new guidelines and surveillance measures.

SEBI Circular on System Audit of Professional Clearing Members (PCMs)

June 20, 2024 240 Views 0 comment Print

Explore SEBIs latest circular requiring system audits for Professional Clearing Members (PCMs). Learn about the framework, compliance guidelines, and impact on market regulation.

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