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Archive: 17 September 2024

Posts in 17 September 2024

Comparison Between No-Load Funds and Other Mutual Funds

September 17, 2024 759 Views 0 comment Print

Navigating the world of mutual funds can feel like choosing from a crowded menu. Should you go for the no-load funds that skip the sales fees, or do the load funds offer something worth paying for? Understanding these options, along with performance and management styles, can make all the difference in reaching your financial goals.

Calculating the Return on Capital Employed (ROCE) Formula

September 17, 2024 3738 Views 0 comment Print

Delve into the formula for Return on Capital Employed (ROCE) with the educational connections provided by Gas 2.1 Evex. Their experts simplify complex financial metrics to enhance investor understanding.

Taxation of Derivative and Futures & options (F&O) Transactions

September 17, 2024 15471 Views 0 comment Print

Learn about taxation on derivatives and F&O transactions, their treatment as business income, audit requirements, and presumptive taxation options.

Reasonable time limit applies in absence of a specific legislative timeframe for Section 201 orders

September 17, 2024 2157 Views 0 comment Print

Karnataka High Court confirms that a reasonable time limit applies to Section 201 orders for non-residents if no specific time limit is prescribed by law, dismissing the CIT appeal.

SCN Lacking Date or Time: Delhi HC Orders Reconsideration of GST Registration Cancellation

September 17, 2024 591 Views 0 comment Print

Delhi High Court restores GST registration appeal for Alufab Ores Pvt Ltd due to improper SCN and missed hearings, granting another chance to contest the cancellation.

ITAT Delhi Restores Appeal as CIT(A) failed to address Adjournments requests

September 17, 2024 840 Views 0 comment Print

ITAT Delhi restored Fiserv India’s appeal, citing CIT(A)’s failure to address adjournment requests. The case will be reconsidered for a fair hearing and review.

No Section 143(2) notice Requirement if Valid Section 148 Notice issued

September 17, 2024 10878 Views 0 comment Print

ITAT Ahmedabad confirms that fulfilling Section 148 requirements under the Income Tax Act eliminates the need for a separate notice under Section 143(2).

Madras HC Sets Aside Assessment Order Due to Insufficient Time to respond

September 17, 2024 807 Views 0 comment Print

Madras HC remands 2018-2019 assessment order, ruling insufficient time given to respond to Rs. 9.5 crore unexplained income show cause notice under Section 69A.

GST Cancellation SCN Must Detail Reasons for such action: Delhi HC

September 17, 2024 915 Views 0 comment Print

Delhi HC sets aside GST cancellation order for lack of detailed reasons in SCN, stressing the importance of clear grounds for adverse actions under GST regulations.

IT Order Without Personal Hearing Violate Natural Justice & is invalid: Madras HC

September 17, 2024 822 Views 0 comment Print

Madras High Court rules that income tax orders issued without granting a requested personal hearing violate natural justice and are deemed invalid.

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