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Archive: 16 August 2024

Posts in 16 August 2024

SAED on Petroleum Crude reduced to ₹2100 per Tonne from 17.08.2024

August 16, 2024 237 Views 0 comment Print

Central Excise Notification 20/2024 revises duty rate to Rs. 2100 per tonne effective from August 17, 2024, under the Central Excise Act, 1944.

Income Tax Calculator Financial Year 2024-25

August 16, 2024 211815 Views 40 comments Print

Explore the Income Tax Calculator for the Financial Year 2024-25, offering insights on tax planning, deductions, and regime suggestions for salaried employees. Plan your taxes wisely.

जस्ट डायल जस्ट डायल लिमिटेड बनाम पी एन विग्नेश और अन्य (सुप्रीम कोर्ट ऑफ़ इंडिया)

August 16, 2024 558 Views 0 comment Print

सुप्रीम कोर्ट ने Justdial लिमिटेड बनाम पीएन विग्नेश मामले में BCI के विज्ञापन नियमों पर विचार किया, मद्रास हाई कोर्ट के आदेश के खिलाफ याचिका पर सुनवाई की।

Settlement commission offering immunity by accepting explanation in spirit of settlement cannot be faulted: Karnataka HC

August 16, 2024 198 Views 0 comment Print

Karnataka High Court held that settlement commission, accepting additional income offered as reasonable and giving immunity from penalty and prosecution, by accepting the explanation ‘in the spirit of settlement’ cannot be faulted.

Importance of Show-Cause Notices: Key Insights & Case Laws

August 16, 2024 1758 Views 0 comment Print

Learn the importance of show-cause notices, their legal implications, and how to respond effectively to protect your rights. Explore key case laws and best practices.

Form 10 Submitted Electronically Before Assessment Completion; Reopening Due to Technical Delay Unjustified

August 16, 2024 375 Views 0 comment Print

Delhi HC quashes reopening of tax assessment, ruling that technical delay in e-filing Form 10 before assessment completion is unjustified. Case: FY 2016-17.

Loans & Investments Compliance under Section 186 of Companies Act, 2013

August 16, 2024 3531 Views 0 comment Print

Understand Section 186 of the Companies Act, 2013, covering company loans, investments, and compliance requirements, including board approvals and exemptions.

GST Appeals Must Be Decided on Merits Despite Some Laches or Delay: Rajasthan HC

August 16, 2024 612 Views 0 comment Print

Rajasthan HC ruled that appeals should be considered on merits, even if filed late, quashing a CGST order dismissing an appeal as time-barred.

IIT Roorkee Rs. 47 Crores Service Charge Demand Stayed

August 16, 2024 180 Views 0 comment Print

Allahabad High Court stays a demand of Rs. 47 crores in service charges against IIT Roorkee by Municipal Corporation. 

CIT needs to independently apply his mind prior to invoking revisionary provisions u/s. 263: ITAT Kolkata

August 16, 2024 186 Views 0 comment Print

ITAT Kolkata held that CIT has not applied his mind analytically while assuming jurisdiction for taking cognizance under section 263 of the Income Tax Act. Thus, in absence of independent application of mind, invocation of revisionary provisions by CIT unsustainable.

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