Assessee had filed his income tax return on in which he declared a total income of Rs. 35,00,611, accepted under Section 143(1). A subsequent search and seizure operation on Pipavav Defence and Offshore Engineering Co. brought assessee’s finances under scrutiny, as he was allegedly linked to the company.
Adjudication order under Companies Act, 2013 for M/s Aasvas Nidhi Ltd for non-compliance with Section 158. Penalty imposed on company and directors for violations.
Central Excise Notification 28/2024 modifies Notification 11/2017, adding Sl. No. 7C. Effective from November 20, 2024.
CBDT mandates electronic filing for Forms 42, 43, and 44 under Rule 131 of Income Tax Rules, 1962, effective November 22, 2024. Notification issued by DGIT (Systems).
RBI amends FEMA regulations to define startups under the Foreign Currency Account framework, aligned with DPIIT’s notification on startup recognition.
