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Archive: 22 August 2024

Posts in 22 August 2024

Extended Limitation Period Requires Clear Allegations of wilful misstatement, suppression of facts, fraud, or collusion

August 22, 2024 396 Views 0 comment Print

Calcutta High Court dismisses petition challenging a CGST order. Petitioners directed to seek remedy through the Central Excise and Service Tax Appellate Tribunal.

Extended Limitation cannot be extended if SCN silent about Fraud or Misstatement

August 22, 2024 438 Views 0 comment Print

The Calcutta High Court ruled on a delayed service tax appeal, dismissing a notice issued against Naresh Kumar & Co., questioning the validity under extended limitation.

ITAT allows Section 54EC exemption for investments before sale deed registration

August 22, 2024 714 Views 0 comment Print

ITAT Ahmedabad rules in favor of Rahul G. Patel, granting exemption under Section 54EC for investments made in NHAI bonds before the sale deed registration.

CCI Dismisses Anti-Profiteering Allegations against Swastik Harmony Developers

August 22, 2024 129 Views 0 comment Print

CCI finds no profiteering by Swastik Harmony Developers in Jainil Mehta GST complaint. Case dropped due to lack of evidence under Section 171 CGST.

CCI directs investigation for not reducing Cinema ticket prices post-GST rate cut

August 22, 2024 174 Views 0 comment Print

Competition Commission of India examines GST profiteering allegations against Alankar Cinema for not reducing ticket prices post-GST rate cut. Key case details inside.

SEBI Bans Anil Ambani from Market for 5 Years, Imposes Rs 25 Crore Fine

August 22, 2024 621 Views 0 comment Print

SEBI bans Anil Ambani from the securities market for 5 years and imposes a Rs 25 crore penalty for fund diversion at Reliance Home Finance Ltd.

RBI Updates E-Mandate Framework for FASTag and NCMC

August 22, 2024 231 Views 0 comment Print

RBI includes auto-replenishment of FASTag and NCMC under the e-mandate framework, exempting them from pre-debit notifications.

Amendment to REITs Master Circular: Investor Complaints & Disclosure Timeline

August 22, 2024 234 Views 0 comment Print

SEBI amends REIT disclosure rules, revising investor complaints review and deviation statement timelines for better compliance and efficiency.

Amendment to InvITs Master Circular: Investor Complaints & Disclosure Timeline

August 22, 2024 288 Views 0 comment Print

SEBI updates disclosure rules for InvITs, revising investor complaint reviews and timelines for reporting deviations. Effective immediately.

SEBI Paper on Easing Document Attestation Requirements

August 22, 2024 288 Views 0 comment Print

SEBI seeks public feedback on replacing notary attestations with self-attestation for document submission, aiming to ease compliance and reduce costs.

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