SEBI issues circular on Liquidity Window for debt securities, offering a put option to improve liquidity for investors. Applicable from November 1, 2024.
SEBI improves process for FPIs, enabling same-day sale proceeds availability post-settlement, boosting efficiency and aligning with domestic investors’ timelines.
SEBI seeks public comments on allowing Association of Persons (AOPs) to open demat accounts for holding securities, excluding equity shares. Submit by Nov 5, 2024.
Madras High Court directs rectification for IGST claimed under the wrong head in GSTR-3B due to clerical error, allowing the taxpayer to resubmit the petition.
Though the petitioner has sought for multiple reliefs, it is clear that they have confined their relief for refund of the amount of Rs.2.50 crores collected, while keeping open the other contentions in light of pending adjudication initiated by issuance of show cause notice.
The Applicant is a Personal Guarantor to M/s Indian Clothing League Private Limited (the Corporate Debtor) for the cash credit facilities to the tune of Rs. 20 crore and Rs. 15 crore from the Punjab National Bank and Allahabad Bank, respectively.
Revision order was remanded back for re-examination of assessee qualification as venture capital as where the amount had been received from the Venture Capitalists, the provisions of section 56(2)(viib) were not applicable.
Updated guidelines for handling Central Government pensioners’ grievances on CPENGRAMS Portal, focusing on accessible and efficient resolution. Learn the new process.
Once the State Government had extended the benefit under the particular scheme, the same could not be withdrawn by the Electricity Department basing on the audit report. In absence of any evidence of theft being committed by assessee, the benefit of Intensive Policy could not be withdrawn.
Further, revenue also contested that whether the ld. CIT(A) was justified in treating the excise duty refund of Rs 1,63,15,661/- as capital receipt, which were earlier treated as revenue receipt, in the facts and circumstances of the case.
