Madras High Court held that reopening the closed matter without assigning specific or new reasons is contrary to law and in violation of the principles of natural justice. Thus, order impugned is liable to be quashed.
Discover the evolution of income tax in India, from ancient texts like Manusmriti to modern reforms, including changes in tax slabs and the introduction of new regimes.
Discover the important trade facilitation measures and changes in GST rates for goods and services discussed in the 54th GST Council meeting held on 09.09.2024.
Learn about the process, benefits, and drawbacks of converting loans into equity. Understand the steps involved, including shareholder approval, regulatory filings, and potential limitations.
Adjudication order against CA Niranjan Behera for non-compliance with Section 143 of the Companies Act, 2013, related to audit failures for FY 2014-15 & FY 2015-16.
The Sikkim High Court dismissed an appeal by the Commissioner of Central Goods and Services Tax and Central Excise, upholding a refund claim by Alkem Laboratories Ltd. The court rejected the appellant’s attempt to reopen a settled matter and imposed a cost on the appellant, which was later waived.
The Ministry of Finance permits INDmoney Pvt. Ltd. to use Aadhaar authentication for compliance with privacy and security standards under the PMLA and Aadhaar Act.
Ministry of Finance amends PMLA court notification, adding 1st Additional District and Sessions Judge, Dehradun, under Section 43 of the PMLA for Uttarakhand.
Ministry of Corporate Affairs declares the National Bank for Financing Infrastructure and Development as a public financial institution under the Companies Act.
India imposes countervailing duty on imported welded stainless steel pipes and tubes from China and Vietnam, effective for five years to protect the domestic industry.
