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Archive: August, 2024

Posts in August, 2024

Bogus Purchases: Bombay HC upholds addition of 12.5% of purchases

August 20, 2024 2634 Views 0 comment Print

Bombay High Court upholds ITAT ruling in PCIT Vs SVD Resins, focusing on the legitimacy of purchase transactions and tax implications under Section 69C.

Examine Cause of Delay, Not Just Length of delay, for Condonation Plea: SC

August 20, 2024 3957 Views 0 comment Print

Supreme Court overturns Delhi HC ruling on delay condonation in Mool Chandra’s service penalty case. Tribunal’s decision to reject delay condonation challenged.

Bombay HC Quashes Prosecution of Hubtown Ltd. Directors for TDS payment delay

August 20, 2024 3648 Views 0 comment Print

The Bombay High Court dismisses criminal charges against Hubtown Ltd’s directors for TDS payment delays, citing absence of required notices under IT Act Sections 201 and 278B.

SEBI Consultation Paper: Faster Rights Issue with Flexible Allotment to Selective Investors

August 20, 2024 1488 Views 0 comment Print

SEBI’s consultation paper outlines proposed changes to accelerate the Rights Issue process and allow selective allotments, aiming to enhance fundraising efficiency.

SEBI Issues New Cybersecurity Framework for Regulated Entities

August 20, 2024 4287 Views 0 comment Print

SEBIs latest circular outlines a Cybersecurity and Cyber Resilience Framework (CSCRF) for regulated entities, enhancing cybersecurity and compliance standards.

CBIC Circular on ICETABs for Efficient Customs Clearance

August 20, 2024 3147 Views 0 comment Print

CBIC introduces ICETABs for faster, paperless customs cargo examination. New process enhances transparency and reduces clearance time. Learn more in Circular 10/2024.

Appointment of Concurrent Auditors by RBI, Thiruvananthapuram

August 20, 2024 780 Views 0 comment Print

RBI Thiruvananthapuram invites e-tenders for Concurrent Auditors for Oct 2024 to Sep 2025. Submit bids by Aug 28, 2024. Details on RBI and MSTC websites.

RBI Invites e-Tender for Concurrent Audit of DEPR Cluster, Mumbai

August 20, 2024 648 Views 0 comment Print

RBI seeks e-Tenders for appointing Concurrent Auditors from Oct 2024 to Sep 2025. Submit bids by Sep 01, 2024. Details available on MSTC portal and RBI website.

International Financial Services Centres Authority (Listing) Regulations, 2024

August 20, 2024 1650 Views 0 comment Print

IFSCAs new regulations outline requirements for listing securities, debt instruments, and financial products on Indian IFSC exchanges, effective from August 20, 2024.

Comprehensive Guide To Directors Key Provisions, Regulations & Compliance Forms

August 20, 2024 1449 Views 0 comment Print

Explore key provisions, regulations, and compliance forms for directors, including limits, requirements, and mandatory forms for effective corporate governance.

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