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Archive: 01 September 2024

Posts in 01 September 2024

Madras HC Sets Aside GST Order for not granting opportunity of personal hearing

September 1, 2024 1467 Views 0 comment Print

Madras High Court sets aside a tax assessment order against Haarine Associates, citing lack of opportunity for personal hearing and orders reconsideration.

Review of SEBI (Informal Guidance) Scheme, 2003

September 1, 2024 330 Views 0 comment Print

SEBI seeks public feedback on proposed updates to the Informal Guidance Scheme 2003, including fee adjustments and eligibility expansion.

Stamp duty cannot be levied based on speculative future use or potential market value

September 1, 2024 990 Views 0 comment Print

Indo Continental Hotels And Resorts Pvt. Ltd. Vs State of U.P. – Allahabad High Court held that stamp duty cannot be levied based on speculative future use or potential market value unless officially reclassified by State from industrial to commercial. Since no such change had been formally declared, the deficiency was deemed improper.

CA Wife’s Health Not Grounds for condonation of Delay in Filing Appeal: ITAT Vizag

September 1, 2024 4668 Views 0 comment Print

Assessee has not properly explained delay and her only contention is Chartered Accountant’s wife was not well that itself is not a valid ground to condone delay of 275 days

Fight Against GST Fraud Continues: Overview of Second All-India Drive

September 1, 2024 1995 Views 0 comment Print

Government is implementing a second two-month All-India drive against fake GST registrations. This second drive builds on the success of a similar drive conducted last year, which proved effective in identifying and removing such fraudulent registrations.

SEBI’s New Finfluencer Regulations: Protecting Investors in Digital Age

September 1, 2024 1215 Views 0 comment Print

In June 2024, SEBI approved norms to regulate misinformation through finfluencers by restricting association of its regulated entities with any unregistered person. On August 25, 2023, SEBI had released a Consultation Paper on Association of SEBI Registered Intermediaries/Regulated Entities with Unregistered Entities (including Finfluencers).

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