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Archive: 22 November 2024

Posts in 22 November 2024

Issuance of notice u/s. 148A(b) to non-existing entity is without jurisdiction: Karnataka HC

November 22, 2024 588 Views 0 comment Print

The petitioner – Harman Connected Services Corporation India Pvt. Ltd., has called in question the correctness of the order u/s. 148A(d) of the Income Tax Act, 1961 as well as the notice u/s. 148 of the Act and the notice u/s. 148A(b) of the Act.

Amendment to Anti-Dumping Duty Notification No. 18/2021

November 22, 2024 1077 Views 1 comment Print

Ministry of Finance updates anti-dumping duty via Notification No. 25/2024-Customs (ADD), revising entry in Notification No. 18/2021 for effective regulation.

SEBI Guidelines to Stock Exchanges, Clearing Corporations & Depositories

November 22, 2024 642 Views 0 comment Print

SEBI issues guidelines for stock exchanges, clearing corporations, and depositories, enhancing accountability, reporting, and data sharing practices.

IBBI suspends IP for failing to act in homebuyers’ interest during CIRP

November 22, 2024 945 Views 0 comment Print

IBBI issues a disciplinary order against Praveen Kumar Agrawal, an Insolvency Professional, for failing to act in homebuyers’ interest during CIRP.

Modifications to IFSCA AML Guidelines – Nov 2024

November 22, 2024 234 Views 0 comment Print

IFSCA updates AML guidelines, introducing new countermeasures and compliance functions for regulated entities in IFSC.

Supreme Court Ruling on CENVAT Credit for Telecom Towers and PFBs

November 22, 2024 1113 Views 0 comment Print

Supreme Court rules on whether mobile towers and prefabricated buildings qualify as “capital goods” for CENVAT credit in the telecom sector.

Free Webinar: Invoice Management System from Oct 1, 2024 – Register Now

November 22, 2024 6015 Views 0 comment Print

Learn to manage GST invoices easily with the new IMS. Join our webinar on 24th Nov to improve ITC claims and error reduction. Register now!

Bank Account Freezing by Customs Authorities Quashed: Rajasthan HC Ruling

November 22, 2024 270 Views 0 comment Print

Rajasthan High Court examines the legality of freezing a bank account under Section 110(5) of the Customs Act, citing statutory violations and procedural lapses.

How to file GSTR-3B with Invoice Management System (IMS)

November 22, 2024 4245 Views 5 comments Print

Learn how to file GSTR-3B using the Invoice Management System (IMS) for streamlined ITC claims. Follow detailed steps, reconciliations, and key precautions.

Repeal Section 194T, which deals with TDS on Salary & Interest to Partners

November 22, 2024 9948 Views 1 comment Print

Section 194T imposes TDS on partner income, leading to procedural issues, misuse of funds, and complications for taxpayers. Calls for its repeal are growing.

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