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Archive: 27 June 2024

Posts in 27 June 2024

Additional Director Appointment beyond AGM Date: MCA Imposes ₹6 Lakh Penalty

June 27, 2024 162 Views 0 comment Print

Explore the detailed analysis of MCA’s penalty imposition on JKJM Infrastructure Private Limited for violating Companies Act, 2013. Understand the implications and adjudication rules.

No section 68 addition if sister concern/group companies proves creditworthiness

June 27, 2024 192 Views 0 comment Print

Where it has been sufficiently established that share applicants had substantial creditworthiness and investments had been made by assessee’s own sister concern/group companies having mostly common directors and thus, establishing creditworthiness and genuinity of investments, additions under section 68 had been rightly been deleted.

Provisional Anti-Dumping Duty on Telescopic Channel Drawer Slider from China

June 27, 2024 735 Views 0 comment Print

The Indian government imposes a provisional anti-dumping duty on Telescopic Channel Drawer Sliders from China to protect domestic industries from unfair trade practices.

Anti-Dumping Duty on Easy Open Ends of Tin Plate from China

June 27, 2024 120 Views 0 comment Print

Learn about the new anti-dumping duty on easy open ends of tin plate, including electrolytic tin plate, from China. Effective for five years from June 27, 2024.

Anti-Dumping Duty on Alloy Steel Chisels & Rock Breakers from China & Korea

June 27, 2024 333 Views 0 comment Print

Notification No. 11/2024-Customs imposes anti-dumping duties on alloy steel chisels and hydraulic rock breakers from China and Korea to protect domestic industry.

Asian GPR Multiplex Guilty of Profiteering: CCI

June 27, 2024 108 Views 0 comment Print

Explore the CCI’s order on Asian GPR Multiplex’s alleged GST profiteering, detailed investigation findings, and implications under Section 171 of the CGST Act, 2017.

Anti-dumping Duty on Sodium Cyanide Imports from China, EU, Japan, Korea

June 27, 2024 135 Views 0 comment Print

India imposes anti-dumping duty on Sodium Cyanide imports from China, EU, Japan, and Korea to protect domestic industry. Effective from June 27, 2024.

Share Capital/Premium amount cannot be added twice in payees & recipients’ hands u/s 68

June 27, 2024 315 Views 0 comment Print

Once source of funds is taxed in the hands of share applicant companies, it cannot be added as unexplained income in the hands of assessee company.

Tax Buddy vs Clear Tax: Which E-Filing Platform Offers the Easiest Tax Return Submission?

June 27, 2024 729 Views 0 comment Print

Compare TaxBuddy and ClearTax to find the most user-friendly e-filing platform for submitting your tax returns. Discover features that simplify the process.

Maharashtra VAT Act 2002: Advance Ruling Authority Notification

June 27, 2024 147 Views 0 comment Print

Explore the constitution & members of the Advance Ruling Authority under Maharashtra VAT Act 2002. Detailed analysis on its implications & function.

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