The Finance Act, (2), 2024 has made certain changes relating to levy of income tax on consideration received on buy-back of shares resulting significant impact on income tax liability to shareholders. This change impacts all future buy back proposals. Corporates houses are evaluating different strategies to minimise the tax impact. Legal experts challenges taxing buy […]
GST Act does not prohibit intelligence officers from issuing show cause notices or adjudicating cases if they meet the definition of a proper officer under Section 2(91)
FSSAI proposes amendments to 2011 food additives regulations, including new limits for natamycin in dairy products. Comments due in 60 days.
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CESTAT Kolkata held that activity of laying down the pipelines for Government/ Government Undertaking for supply of water from Kerala Water Authority (KWA) in Thiruvananthapuram city doesn’t attract service tax. Accordingly, refund claim allowed.
NCLAT clarifies that non-declaration of dividend and director changes cannot be considered acts of oppression and mismanagement in family-run companies.
Bombay HC directed CBIC to allow GST return rectification by reopening the portal or manually if no revenue loss. A notice and hearing are required if opposed.
Bombay High Court imposed a cost on JAO and CCIT of Mumbai for not following judgement Hexaware case and Order them to deposit 25000 each as personal Cost with National Association for the Blind
The Registrar of Companies imposes penalties on SML Isuzu and its officers for violating Section 196 of the Companies Act, 2013, concerning the reappointment of a director.
एनएफआरए सूचीबद्ध कंपनियों में वित्तीय धोखाधड़ी को रोकने के लिए समूह लेखा परीक्षकों द्वारा सहायक लेखा परीक्षकों की रिपोर्ट की सख्त समीक्षा की मांग करता है, ऑडिट मानक 600 में संशोधन का प्रस्ताव करता है।