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Archive: June, 2024

Posts in June, 2024

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 372 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 168 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 414 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.

Bombay HC quashes Maharashtra VAT Order passed beyond limitation period

June 26, 2024 237 Views 0 comment Print

Karvy Innotech Limited Vs State of Maharashtra: Bombay HC Quashes MVAT Order  passed after expiry of four years from the end of the year containing period to which return relates

DGFT amends Procedure and Eligibility under Tariff Rate Quota Scheme

June 26, 2024 189 Views 0 comment Print

Explore the latest DGFT amendment on TRQ Scheme procedures and eligibility criteria under Para 2.57 and 2.58 of the Handbook of Procedures 2023.

DGFT allows Additional areas of operation to 19 existing Pre-Shipment Inspection Agencies

June 26, 2024 348 Views 0 comment Print

DGFT Public Notice 12/2024-25: Immediate expansion of agency operations in Appendix 2G of Foreign Trade Policy 2023. Read for detailed policy updates.

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