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Archive: 26 June 2024

Posts in 26 June 2024

Provisioning for Country Risk

June 26, 2024 570 Views 0 comment Print

Learn how banks manage country risk through provisioning for both funded and non-funded exposures. Understand the guidelines, disclosures, and reporting requirements.

IGST refund rejected without giving any reasons: Bombay HC set-aside order

June 26, 2024 252 Views 0 comment Print

Explore the Bombay High Court judgment in Sanjeev Suresh Desai Vs Union of India. Analysis of refund application rejection and remand for denovo consideration.

Invoice not produced due to Covid-19: Bombay HC directs reconsideration

June 26, 2024 201 Views 0 comment Print

Explore the detailed judgment of Nitco Paints Pvt. Ltd. Vs Union of India by the Bombay High Court. Learn about the case background, analysis, and implications.

New Goods Notified Under Securities Contracts Regulation

June 26, 2024 171 Views 0 comment Print

Ministry of Finance updates the list of goods under Securities Contracts (Regulation) Act, 1956, including cereals, oilseeds, spices, metals, and more as of June 26, 2024.

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2024

June 26, 2024 369 Views 0 comment Print

SEBI announces amendments to Foreign Portfolio Investors Regulations 2024, impacting investment limits and conditions for NRIs and overseas citizens.

IBBI Disciplinary Committee imposes Rs. 2 Lakh Penalty on Insolvency Professional

June 26, 2024 435 Views 0 comment Print

Explore the IBBI Disciplinary Committees detailed order on Shashi Agarwal, analyzing alleged contraventions, submissions, and conclusions in insolvency cases.

CESTAT Hyderabad sets aside gold confiscation order as Assessee discharges Burden of Proof

June 26, 2024 162 Views 0 comment Print

CESTAT Hyderabad sets aside gold confiscation order against Rayapudi Rajasekhar. Read the full analysis of the case and the detailed judgment.

Quantification of tax liability cannot be done under Section 130 of CGST Act

June 26, 2024 552 Views 0 comment Print

Allahabad High Court rules that tax liability quantification cannot be done under Section 130 of the GST Act, setting aside an ex parte order.

Low Monetary Limit: Allahabad HC Dismisses Revenue Appeals on 3.5 kg Gold Bars Seizure

June 26, 2024 201 Views 0 comment Print

Commissioner of Customs vs Disha Tulsiani: Allahabad High Court dismisses revenue appeals over confiscation of 3.5 kg gold bars under Customs Act, citing low monetary limits.

Excess Stock Assessable as Business Income: Section 69B & 115BBE Not Applicable

June 26, 2024 411 Views 0 comment Print

ITAT Chennai rules in favor of Revathi Modern Rice Mill, determining that excess stock is assessable as business income, not unexplained investment under Sec. 69B.

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