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Archive: August, 2024

Posts in August, 2024

Request to restore matter not granted as matter not represented by assessee since long time: ITAT Raipur

August 28, 2024 492 Views 0 comment Print

ITAT Raipur held that law will help only those who are vigilant and will not assist the one who are careless. Accordingly, request of assessee to restore matter back not granted as assessee has chosen not to represent its matter for more than 08 years.

ICSI Exemption from Pre-Exam Test for Dec 2024 Exams

August 28, 2024 1665 Views 0 comment Print

ICSI offers exemption from Pre-Exam Test for Dec 2024 exams if students complete the online class tests by 20th September 2024. Details inside.

PMJDY Completes 10 Years: Key Achievements and Impact

August 28, 2024 744 Views 0 comment Print

PMJDY completes a decade, banking over 53 crore beneficiaries. The scheme has revolutionized financial inclusion with significant deposits and digital transactions.

Antitrust Milestone: Breaking Down The Google Antitrust Verdict and its Ripple Effect Across The Tech Industry

August 28, 2024 606 Views 0 comment Print

Google antitrust ruling challenges its ad tech dominance, setting a precedent for future tech regulations and impacting cases against Apple, Amazon, and Meta.

Madras HC Quashes GST Order Due to No Personal Hearing

August 28, 2024 522 Views 0 comment Print

Madras HC quashes GST order against Tvl. Zen Machine Tools for lack of personal hearing. Case remanded for reconsideration, bank account attachment lifted.

Madras HC Sets Aside GST Order Due to Natural Justice Violation

August 28, 2024 636 Views 0 comment Print

Madras HC quashes GST order for Tvl. Zen Machine Tools due to lack of a hearing, remands case for fresh consideration. Bank account attachment lifted.

FIR Quashable if Complaint Allegations Are Absurd & Inherently Improbable: Jharkhand HC

August 28, 2024 612 Views 0 comment Print

Jharkhand HC quashes FIR, stating allegations must be inherently probable and not absurd. Court emphasizes reading between the lines, citing relevant SC rulings.

Prima Facie Belief Required with Tangible Material Showing Income Escaped Assessment- Section 147/148

August 28, 2024 861 Views 0 comment Print

Assessee, an individual, had deposited cash in his bank account. During assessment, AO observed that assessee had entered into share transactions and earned income from commodities through Multi Commodity Exchange.

Penalty for Non-Filing of Financial Statements by Company: MCA levied penalty

August 28, 2024 795 Views 0 comment Print

M/s. Kumar & Vir Skybuilders Pvt. Ltd. fined for non-filing of financial statements for FY 2022-23. Learn about penalties and compliance under the Companies Act, 2013.

NPS Contributions enabled through Bharat Bill Payment System (BBPS)

August 28, 2024 852 Views 0 comment Print

PFRDA introduces NPS contributions through Bharat Bill Payment System (BBPS), offering a convenient payment option with minimal charges for subscribers.

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