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Archive: 24 December 2024

Posts in 24 December 2024

Appointment of Customs Officers for Hyundai Case Adjudication

December 24, 2024 285 Views 0 comment Print

Notification No. 87/2024-Customs appoints officers to adjudicate show cause notices for M/s HD Hyundai Construction Equipment India Pvt. Ltd.

Failure file BEN-2 forms for declaration of SBO: MCA imposes penalty

December 24, 2024 393 Views 0 comment Print

Madhyamam Technologies Limited faces penalties for late filing of significant beneficial ownership under Section 90 of the Companies Act. Learn about the adjudication order.

SEBI Notifies Withdrawal of Recognition for Indian Commodity Exchange

December 24, 2024 183 Views 0 comment Print

SEBI withdraws recognition of Indian Commodity Exchange Limited, effective from Gazette publication. Exit permitted with compliance to specific directions.

Reopening Settled GST Cases: An Affront to legal Finality

December 24, 2024 2742 Views 0 comment Print

An analysis of reopening settled GST cases, examining its impact on legal certainty, taxpayer confidence, and compliance with the principle of legal finality.

Govt Allows Yellow Peas Import “Free” Subject to IMS Registration

December 24, 2024 210 Views 0 comment Print

India extends yellow peas import deadline to February 28, 2025, under ITC(HS) Code 07131010. Free import with registration and no MIP or port restrictions apply.

SION/Adhoc Norms for Menthol Re-instated

December 24, 2024 234 Views 0 comment Print

DGFT reinstates SION norms for menthol imports under ITC(HS) codes 29061110 and 29061190, effective immediately, easing Advance Authorisation compliance.

Material indicating purchase from non-existing entities can be basis for reassessment u/s. 148

December 24, 2024 321 Views 0 comment Print

The petitioner has filed the present petition, inter alia, impugning a notice dated 22.03.2024 issued u/s. 148A(b) of the Income Tax Act, 1961 as well as the order dated 31.03.2024 issued u/s. 148A(d) of the Act.

Madras HC directed strict implementation of Sexual Harassment of Women at Workplace Act

December 24, 2024 279 Views 0 comment Print

Directions are given by the Hon’ble Supreme Court right from Visakato Aureliano Fernandez Vs. State of Goa and others in respect of the strict implementation of the provisions of PoSH Act.

AO required to pass order within time limit prescribed u/s. 153 pursuant to remand by ITAT

December 24, 2024 516 Views 0 comment Print

The petitioner is a company registered under the Companies Act, 1956 and is a subsidiary of Huawei Technologies Coopertief U.A (Netherlands). The return of the petitioner was picked up for scrutiny.

Revenue appeal allowed in claiming exemption u/s. 10(38) by manipulating share price of SRK Industries

December 24, 2024 312 Views 0 comment Print

Supreme Court allowed the appeal of the revenue in manipulation of share price of SRK Industries recording fictitious Long Term Capital Gain and claiming exemption under section 10(38) by following case of Swati Bajaj.

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