Delhi HC highlights abuse of legal system in matrimonial disputes. It emphasizes accountability for false complaints in a case involving dowry and harassment charges.
Understand GST taxability on leasing residential and commercial properties, including reverse charge mechanism changes from 18.07.2022 and 53rd GST Council recommendations.
Jitender Kumar Jain’s RTI appeal for details on a show cause notice was dismissed as personal information, with no larger public interest demonstrated.
MCA extends the timeline for holding AGMs and EGMs via VC or OAVM until September 30, 2025, without altering statutory deadlines for companies.
Tax professionals face technical issues on the Income Tax portal, hindering tax audit report submissions before the 30th Sept 2024 deadline. Urgent intervention requested.
NSE modifies its Announcement Module on NEAPS to align with SEBI LODR regulations. Changes effective from September 21, 2024, for listed entities.
Delhi High Court held that initiation of reassessment under section 147/148 of the Income Tax Act merely on the basis of DVO report without application of mind by the AO is unsustainable and liable to be quashed.
ITAT Delhi held that holding company can adopt FMV of the asset held by subsidiary company and rework value of investment held in subsidiary company, such approach is not contract to section 56(2)(viib) of the Income Tax Act.
CESTAT Delhi held that interest is payable on amount deposited during the course of investigation and refunded back due to NIL. Interest is payable at the rate of 12% from the date of deposit till the date of refund.
ITAT Mumbai held that when the reserve/provisions created in the year where the assessee has increased the book profit u/s. 115JB of the Act, the assessee is entitled to reduce the amount withdrawn from such reserve if the same is credited to the P & L account in that year.
