Explore the re-introduction of block assessments in search cases under the Income Tax Act effective from 01 September 2024. Learn about key provisions and implications.
The CCI noted that compliance with TRAI regulations does not preclude the possibility of a violation of competition law. The Supreme Court’s judgment in the Bharti Airtel case reaffirmed the CCI’s role in examining anti-competitive practices even when a sectoral regulator is involved.
Madras High Court rules that intelligence officers under GST can issue show cause notices if they qualify as ‘proper officers’ under Section 2(91) of the GST Act.
Madras High Court quashes assessment and rectification orders against Srinithi Enterprises, citing jurisdiction issues; directs Assistant Commissioner to review case.
Unique Bharati Publication Pvt Ltd penalized for failing to file MGT-14 under Companies Act, 2013. Penalties imposed on the company and its directors.
Unique Bharati Publication faces penalties totaling ₹4 lakh for failing to include Directors’ Identification Numbers in financial statements for FY 2014-16.
Amount received as reimbursements for expenses related to software subscription services should not be taxed as technical services income under Article 12 of the of the India-USA Double Taxation Avoidance Agreement ( DTAA ) or Section 9(1)(vii).
Assessee-partnership firm had filed its income tax return declaring income. The case was selected for limited scrutiny, focusing on the issues such as investment in immovable property and share capital/other capital.
Calcutta High Court held that writ petition insisting deferring the GST recovery proceedings without challenging the appellate order is not maintainable. Accordingly, writ dismissed.
Held that any step of reduction in the pay scale and recovery from a Government employee would tantamount to a punitive action because the same has drastic civil as well as evil consequences.
