IFSCA proposes adding third-party fund management services to its regulations, aiming to boost innovation and streamline fund operations in GIFT IFSC.
Bombay High Court held that half-hearted approach on the part of AO to make additions on the issue of bogus purchase would not be conducive. Bogus purchase addition also cannot be on the basis of superficial inquiry.
Bombay High Court held that issuance of notice under section 148A of the Income Tax Act by Jurisdictional Assessing Officer and not by a Faceless Assessing Officer as required by the provisions of section 151A of the Income Tax Act is liable to be quashed.
A Superintendent in Nadiad is sentenced to 5 years for bribery. CBI also investigates two GST officers in Hyderabad for demanding illegal gratification.
Madras HC sets aside dismissal of GST appeal for delay, remands case to the appellate authority for fresh consideration despite the time-barred filing.
Karnataka HC ruled that under Section 75(4) of CGST Act, a hearing opportunity must be granted before passing an adverse order. Bangalore Golf Club case highlights this.
Delhi HC grants interim protection to a petitioner alleging misuse of GST credentials for ITC claims, pending further investigation and hearing.
Understand the legal framework and tax implications of political donations in India, including key sections like 80GGB, 80GGC, and the risks of bogus donations.
Understand GST provisions for invoices and credit notes in the sale of under-construction flats/shops, including time limits, e-invoice applicability, and refunds.
Learn the criteria for DPIIT startup recognition, including company age, turnover limits, and eligibility differences from MSMEs.
