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Archive: 04 October 2024

Posts in 04 October 2024

IBBI Denies RTI Request to Protect Exam Integrity & Confidentiality, Citing Lack of Public Interest

October 4, 2024 150 Views 0 comment Print

The IBBI dismisses an RTI appeal regarding examination queries, citing confidentiality and competitive integrity under the RTI Act’s exemptions.

RTI Act not obligate public authorities to compile information in a specific manner

October 4, 2024 378 Views 0 comment Print

IBBI dismisses Jitender Kumar Jain’s RTI appeal for data on communications from politicians regarding Aaj Ka Anand Papers Limited, citing resource diversion.

FAQ on Compounding of Contraventions under FEMA, 1999

October 4, 2024 5570 Views 0 comment Print

Find answers to common questions about contraventions and compounding under FEMA, 1999, including application process and fees.

IBBI not obligated to provide RTI information beyond its direct control

October 4, 2024 153 Views 0 comment Print

RTI appeal challenging IBBI’s response on insolvency claim status was dismissed. The authority found no need to interfere with the CPIO’s decision.

RBI draft circular on Forms of Business and Prudential Investment Regulation

October 4, 2024 780 Views 0 comment Print

RBI releases draft guidelines on forms of business and investment regulations for banks. Feedback is invited from stakeholders by November 20, 2024.

Sec. 263 Cannot Be Invoked When AO Follows One of Two Possible Views: Chhattisgarh HC

October 4, 2024 1086 Views 0 comment Print

Chhattisgarh High Court reiterated that if the AO’s view is legally permissible, even if it results in a lower tax liability, the revisional authority cannot invoke Section 263 simply because it disagrees with the AO’s approach.

Domestic Violence Act Applies to All Women, Irrespective of Religion or Social Background: SC

October 4, 2024 393 Views 0 comment Print

Supreme Court rules that the Domestic Violence Act is applicable to all women in India, regardless of religion or social background, ensuring equal protection of rights.

CGST Dept Can’t Institute Legal Proceedings on NCLT Liquidated Corporate Debtor’s Property: HP HC

October 4, 2024 459 Views 0 comment Print

Assessee-company was engaged in the business of manufacturing and trading of Inverters & Batteries and had its factory premises in Himachal Pradesh. For running its operations, it had availed various facilities from financial creditors and also with SBI.

Mere Entering into Development Agreement doesn’t Allow Section 45(2) Invocation: ITAT Jaipur

October 4, 2024 675 Views 0 comment Print

ITAT Jaipur held that mere entering into the Development Agreement would not permit invocation of section 45(2) of the Income Tax Act. There is no positive act which indicates that the assessee has treated capital asset as stock-in-trade.

IBBI Dismisses Appeal Under RTI for Detailed Investigation Data

October 4, 2024 114 Views 0 comment Print

IBBI rejects RTI appeal seeking detailed investigation data, citing disproportionate resource diversion and lack of larger public interest in the request.

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