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Archive: June, 2024

Posts in June, 2024

Audit Manual for Small & Medium Enterprises (SME) for Financial Year 2023-24

June 13, 2024 6840 Views 0 comment Print

Discover the essential 2023-24 Audit Manual for SMEs. Stay updated with changes in CARO 2020, Schedule III, and more. Download editable formats now!

CBIC extends levy of Provisional Anti-Dumping Duty on PVC Paste Resin

June 13, 2024 1653 Views 0 comment Print

Read about Customs Notification No. 09/2024 imposing provisional anti-dumping duty on Poly Vinyl Chloride Paste Resin from specified countries to protect Indian industry.

Section 90 of Companies Act not applicable in absence of Indirect Shareholding or Control

June 13, 2024 615 Views 0 comment Print

RTS Fashion Pvt Ltd adjudged for no indirect shareholding under Section 90 of Companies Act. Registrar of Companies issues penalty order.

No Section 54F Exemption for Shed on Agricultural Land, Not Considered Residential House

June 13, 2024 4563 Views 0 comment Print

Detailed analysis of the ACIT vs Himanshu Garg case at ITAT Delhi regarding capital gains, section 54F exemption, and land sale considerations.

ITAT quashes Ex-parte order against Illiterate & agriculturist assessee: Directs re-adjudication

June 13, 2024 462 Views 0 comment Print

Ex-parte order quashed & restored back to AO. Illiterate and agriculturist assessee’s appeal considered. Detailed analysis of the case.

Delhi HC orders re-adjudication of GST demand notice due to accountant’s maternity leave

June 13, 2024 318 Views 0 comment Print

Delhi HC orders re-adjudication of GST demand notice due to accountant’s maternity leave. Petitioner granted opportunity to respond to SCN. Full case analysis here.

Delhi HC Mandates Ethical Conduct for Liquidators under IBC

June 13, 2024 168 Views 0 comment Print

Delhi HC rules on Sundaresh Bhat vs IBBI, emphasizing ethical conduct and fairness for liquidators under IBC. Key insights into the court’s decision.

Section 153C Assessments Beyond 10 Years Block Period Invalid: Delhi HC

June 13, 2024 357 Views 0 comment Print

Delhi High Court rules Section 153C assessments beyond the 10-year limit unsustainable, quashing notices for AY 2013-14. Key judgment impacts reassessment proceedings.

Monetary Limit Calculation for Appeals Involving Customs Duty, Fine, Penalty & Interest

June 13, 2024 285 Views 0 comment Print

Delhi High Court dismisses the Principal Commissioner of Customs’ appeal against Linear Technologies India due to duty element below the threshold limit of Rs.1,00,00,000.

IBC Doesn’t Equate Treatment of Related and Unrelated Parties: NCLAT

June 13, 2024 195 Views 0 comment Print

Learn about the NCLAT’s judgment in West Coast Paper Mills Ltd. Vs Bijay Murmuria case, where it upholds NCLT’s decision, rejecting parity treatment for related parties under IBC.

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