Explore the draft regulatory framework by IFSCA for complaint handling and grievance redressal aimed at protecting financial consumers in International Financial Services Centres.
BCAS submits feedback on RBI’s draft FEMA regulations, highlighting liberalized rules aimed at enhancing Ease of Doing Business. BCAS offers further discussion on suggestions.
Calcutta High Court stays proceedings in Girdhar Gopal Dalmia case, remanding for fresh order due to violation of natural justice and jurisdictional issues.
ITAT Kolkata ruled that PCIT’s revision under section 263 was time-barred as it exceeded the limitation period, invalidating the assessment revision.
SEBI updates norms for stock entry and exit in derivatives segment, increasing thresholds for market-wide position limits, order size, and delivery value.
ITAT Ahmedabad quashes assessment for AY 2011-12 in Ushaben Jayantilal Patel vs ITO case, ruling on jurisdiction and procedural errors.
Supreme Court upholds NCLAT’s decision, ruling that appeals filed beyond 90 days are not maintainable under Section 421(3) of the Companies Act.
Gujarat High Court examined the legality of GST registration cancellation for Aggarwal Dyeing, focusing on procedural issues and appeals for revocation.
Sub-section (4) of Section 27 of the TNVAT Act can never be applied since the said section would apply only if an order has been passed under Section 27(2) of the TNVAT Act holding that either the assessee has wrongly availed input tax credit or he has produced false documents to support his claim of input tax credit.
Allahabad HC quashes tax penalty on Cavendish Industries due to a typographical error in E-way bills, ruling no intent to evade tax. Refund ordered within four weeks.
