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Archive: 12 August 2024

Posts in 12 August 2024

Notice issued u/s. 148 in the name of dead individual is null and void: ITAT Jaipur

August 12, 2024 810 Views 0 comment Print

ITAT Jaipur held that notice under section 148 of the Income Tax Act and order thereon issued in the name of Dead individual is null and void. Accordingly, the impugned notice and order held as void-ab-initio.

Reassessment unsustained as based on entirely new reason which deprives assessee’s right to object: Delhi HC

August 12, 2024 531 Views 0 comment Print

Delhi High Court held that initiation of reassessment based on entirely new or previously undisclosed material or reasoning deprives assessee’s right to effectively object the proposed reassessment action. Accordingly, the impugned action is rendered wholly unsustainable.

Notice cancelling GST registration without specifying adequate reasons liable to be set aside: Telangana HC

August 12, 2024 219 Views 0 comment Print

Telangana High Court held that show cause notice cancelling GST registration, based on Section 29(2)(e), without mentioning fraud or misstatement or suppression of facts liable for cancellation of registration, is liable to be set aside.

CIT(A) cannot pass ex-parte order without affording opportunity of being heard: ITAT Delhi

August 12, 2024 537 Views 0 comment Print

ITAT Delhi held that passing of an order ex-parte by CIT(A) without affording adequate opportunity of hearing is unjustified. Accordingly, matter restored to the file of Ld. CIT(A).

Passing of assessment order without issuance of notice u/s. 143(2) is unsustainable: ITAT Bangalore

August 12, 2024 396 Views 0 comment Print

ITAT Bangalore held that passing of assessment order without issuance of notice u/s. 143(2) of the Income Tax Act is a fatal one and it cannot also be cured u/s. 292B of the Income Tax Act.

SEBI Draft Circular on Periodic Reporting Format for Analysts & Proxy Advisers

August 12, 2024 273 Views 0 comment Print

SEBI invites public comments on the draft circular for standardized periodic reporting by Research Analysts and Proxy Advisers. Submit feedback by August 30, 2024.

Over 1.4 Lakh Startups in India; 67K Have Women Directors

August 12, 2024 438 Views 0 comment Print

As of June 2024, India recognizes 1.4 lakh startups, with 67,499 having at least one woman director, supported by various government initiatives.

Registration With The Flair Portal For Filing Of Fla Return

August 12, 2024 1245 Views 0 comment Print

Learn the FLA return filing process for Indian companies and LLPs with foreign investments. Mandatory by July 15 annually. Avoid penalties by complying with RBI guidelines.”

India Cannot Afford Continuation of Polygamy Anymore

August 12, 2024 660 Views 0 comment Print

Polygamy is a root cause of poverty and social backwardness in India. It’s time to abolish it for all religions to ensure gender equality and population control.

Gender Not A Shield: Delhi HC On POCSO Act

August 12, 2024 381 Views 0 comment Print

Delhi HC rules that the POCSO Acts provisions apply to women, allowing charges of penetrative sexual assault irrespective of gender. Case dismissed.

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