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Archive: 31 October 2024

Posts in 31 October 2024

Income Tax Recovery proceedings cannot proceed During Pending Appeals: Gujarat HC

October 31, 2024 2853 Views 0 comment Print

Gujarat High Court rules that income tax recovery proceedings cannot proceed while appeals are pending before the CIT(A), impacting numerous taxpayers.

Section 154 Rectification Order Renders Penalty Proceedings Inconsequential: Bombay HC

October 31, 2024 552 Views 0 comment Print

Bombay HC rules in favor of Kusharaj Bhandary, nullifying an assessment and penalty order due to TDS credit error. Outcome highlights rectification rights.

SEBI’s Consultation on Draft Scheme Info Document Information Documents Uploads

October 31, 2024 411 Views 0 comment Print

SEBI seeks public comments on reducing the draft SID review period from 21 to 5 working days to enhance efficiency in mutual fund launches.

SEBI Consultation on Timelines for NFO Fund Deployment

October 31, 2024 204 Views 0 comment Print

SEBI seeks public feedback on proposed timelines for deployment of funds by AMCs in New Fund Offers (NFO), aimed at ensuring timely asset allocation. Comments by Nov 20.

Claims Extinguished Upon IBC Section 31 Resolution Plan Approval: Orissa HC

October 31, 2024 126 Views 0 comment Print

Orissa High Court rules that claims before the approval of a resolution plan are extinguished, reinforcing the IBC’s provisions for corporate debtors.

TP Adjustment of ₹166.09 Crore for Non-UK Royalties payment Remanded back to TPO

October 31, 2024 99 Views 0 comment Print

ITAT Delhi remands JCB India Ltd.’s ₹166.09 crore TP adjustment for non-UK royalty payments to TPO for fresh consideration.

Job Work Procedure under GST

October 31, 2024 1407 Views 0 comment Print

Learn about the job work procedure under GST, including the process, timelines for returning goods, and filing requirements for registered persons.

Appellate Authority Can’t Condone GST Appeal Delay Beyond 30 Days but HC may consider in exceptional cases

October 31, 2024 243 Views 0 comment Print

&K HC clarifies appellate authority’s limits on delay in filing GST appeals, stating no condonation beyond 30 days without exceptional circumstances.

Issue & Conversion of Compulsory Convertible Preference Shares into Equity Shares

October 31, 2024 5856 Views 0 comment Print

Learn about the issuance and conversion process of Compulsory Convertible Preference Shares under the Companies Act 2013, including filing requirements and regulations.

Delhi HC Grants Bail in Cattle Smuggling Case After 19 Months

October 31, 2024 498 Views 0 comment Print

Delhi HC grants bail to accused in cattle smuggling case due to prolonged detention, documentary evidence, and lengthy trial prospects.

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