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Archive: 20 August 2024

Posts in 20 August 2024

IFSCA (Procedure for Authority Meetings) (Amendment) Regulations, 2024

August 20, 2024 78 Views 0 comment Print

IFSCA amends the Procedure for Authority Meetings Regulations, 2024, adjusting quorum rules and introducing guidelines for media communication.

Bogus Purchases: Bombay HC upholds addition of 12.5% of purchases

August 20, 2024 1083 Views 0 comment Print

Bombay High Court upholds ITAT ruling in PCIT Vs SVD Resins, focusing on the legitimacy of purchase transactions and tax implications under Section 69C.

Examine Cause of Delay, Not Just Length of delay, for Condonation Plea: SC

August 20, 2024 3057 Views 0 comment Print

Supreme Court overturns Delhi HC ruling on delay condonation in Mool Chandra’s service penalty case. Tribunal’s decision to reject delay condonation challenged.

Bombay HC Quashes Prosecution of Hubtown Ltd. Directors for TDS payment delay

August 20, 2024 1614 Views 0 comment Print

The Bombay High Court dismisses criminal charges against Hubtown Ltd’s directors for TDS payment delays, citing absence of required notices under IT Act Sections 201 and 278B.

SEBI Consultation Paper: Faster Rights Issue with Flexible Allotment to Selective Investors

August 20, 2024 561 Views 0 comment Print

SEBI’s consultation paper outlines proposed changes to accelerate the Rights Issue process and allow selective allotments, aiming to enhance fundraising efficiency.

SEBI Issues New Cybersecurity Framework for Regulated Entities

August 20, 2024 1413 Views 0 comment Print

SEBIs latest circular outlines a Cybersecurity and Cyber Resilience Framework (CSCRF) for regulated entities, enhancing cybersecurity and compliance standards.

CBIC Circular on ICETABs for Efficient Customs Clearance

August 20, 2024 909 Views 0 comment Print

CBIC introduces ICETABs for faster, paperless customs cargo examination. New process enhances transparency and reduces clearance time. Learn more in Circular 10/2024.

Appointment of Concurrent Auditors by RBI, Thiruvananthapuram

August 20, 2024 360 Views 0 comment Print

RBI Thiruvananthapuram invites e-tenders for Concurrent Auditors for Oct 2024 to Sep 2025. Submit bids by Aug 28, 2024. Details on RBI and MSTC websites.

RBI Invites e-Tender for Concurrent Audit of DEPR Cluster, Mumbai

August 20, 2024 219 Views 0 comment Print

RBI seeks e-Tenders for appointing Concurrent Auditors from Oct 2024 to Sep 2025. Submit bids by Sep 01, 2024. Details available on MSTC portal and RBI website.

FAQs on Income Tax e-Verification Scheme 2021

August 20, 2024 9225 Views 0 comment Print

FAQs on e-Verification Scheme, 2021 provide general guidance in understanding procedures & processes of the e-Verification Scheme, 2021

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