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Archive: August, 2024

Posts in August, 2024

Land purchased as agricultural land cannot be treated as non-agricultural as not declared as abadi land

August 27, 2024 2700 Views 0 comment Print

Held that the land in question was purchased as an agricultural land and at the time of survey, it was also not in dispute that the proceedings of Section 143 of UPZA and LR Act were not initiated and the land in question was not declared as an abadi land.

Lack of documentary proof supporting forgery allegation: ICAI drop disciplinary Proceeding against CA

August 27, 2024 1308 Views 0 comment Print

ICAI Board of Discipline reviews misconduct allegations in a forensic audit case involving forged signatures and financial disputes between partners.

HC Upholds Punishment by Disciplinary Authority for Employment Based on Forged Document

August 27, 2024 768 Views 0 comment Print

Rajasthan High Court held that the doctrine of proportionality cannot be invoked in cases where the root of the employment itself is based upon a forged document. Thus, quantum of punishment imposed by Disciplinary Authority not interfered.

Section 11 Exemption Can’t Be Denied for Late Filing of Form 10B Audit Report: ITAT Delhi

August 27, 2024 2280 Views 0 comment Print

ITAT Delhi held that not filing of Audit Report in Form 10B alongwith the return of income is a procedural omission only and cannot be impediment in law in claiming the exemption under section 11 of the Income Tax Act.

Income Tax Chart 2024

August 27, 2024 9114 Views 0 comment Print

Stay updated with the 2024 Income Tax Chart. Find tax rates, deductions, TDS/TCS rates, capital gains, advance tax schedules, and major amendments.

Clear Float Glass is classifiable under Customs Tariff Heading 7005 1090: CESTAT Chennai

August 27, 2024 969 Views 0 comment Print

CESTAT Chennai held that the imported Clear Float Glass is more appropriately classifiable under Customs Tariff Heading 7005 1090 of the Customs Tariff Act, 1975 and thus is eligible for exemption of the benefit of the Notification No. 46/2011-Cus dated 01.06.2011.

Can “Recipient” seek refund under CGST Act, 2017

August 27, 2024 2634 Views 0 comment Print

Explore if “recipients” can claim refunds under CGST Act, 2017. Key insights from recent judgments and the broad scope of Section 54(1).

SME Listing Procedures and Compliance Requirements

August 27, 2024 4545 Views 1 comment Print

Discover SME listing procedures and compliance requirements under SEBI regulations, including pre-IPO steps, due diligence, and post-listing obligations.

How GST Registration Can Save You Money

August 27, 2024 1602 Views 0 comment Print

Big Savings with GST Registration. Check how this tax reform may increase your profits. Learn more about how you can gain input tax credit, compliance support and save tons of costs.

Exploring the Advantages of Market Orders in Crypto

August 27, 2024 366 Views 0 comment Print

In the fast-paced world of cryptocurrency trading, understanding order types can be the difference between profit and loss. Market orders, often overlooked, offer the advantage of speed and immediate execution.

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