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Archive: December, 2024

Posts in December, 2024

Exemption u/s. 54F admissible in respect of only one residential property: Delhi HC

December 18, 2024 1929 Views 0 comment Print

Delhi High Court held that in case of investment in two residential properties, exemption under section 54F of the Income Tax Act is available in respect of only one of the two residential properties. Accordingly, appeal dismissed.

SEBI Extends Suspension of Trading in 7 Key Commodity Derivatives

December 18, 2024 807 Views 0 comment Print

SEBI extends suspension of trading in certain commodity derivatives, including wheat, mustard seeds, and crude palm oil, until January 31, 2025.

Highlights of SEBI (LODR) Regulations (Third Amendment) 2024

December 18, 2024 19656 Views 1 comment Print

SEBI (LODR) Third Amendment 2024 streamlines compliance, updates related party transactions, secretarial auditor rules, and corporate governance practices.

Condonation of 2564-Day Delay Allowed as No Undue Benefit from Not Appealing Assessment Order

December 18, 2024 6207 Views 0 comment Print

Assessee had given reasons that as per the previous counsel, late Shri R.R. Jain (C.A.) had given advice no separate appeal against the order passed u/s 263 was filed before ITAT.

Notification dated 27 June 2022 issued by West Bengal Government quashed: Calcutta HC

December 18, 2024 579 Views 0 comment Print

Calcutta High Court held that notification dated 27 June 2022 issued by the Government of West Bengal is excessive, manifestly arbitrary and contravenes the provisions of the Constitution and the Rule of Law and also contrary to the Industrial Disputes Act 1947.

Director’s Admission of Tax Liability Validates Quantification Under SVLDRS: Bombay HC

December 18, 2024 921 Views 0 comment Print

Bombay High Court upheld the petitioner’s claim that the director’s statement quantifies tax dues, making them eligible for the SVLDRS scheme.

Decoding Bill of entry (BOE): Understanding its key terms

December 18, 2024 23943 Views 0 comment Print

Decoding the Bill of entry : Understanding its key terms So Basically a BOE Contains five parts namely , 1. Bill of entry summary 2. Invoice & Valuation Details 3. Duties 4. Additional Duties 5. Other Compliances Part 1 : Bill of Entry Summary 1. IEC – Importer Exporter Code : An unique 10 digit code […]

Industrial unit to be treated separately and independently for computation of deduction u/s. 80-IB

December 18, 2024 711 Views 0 comment Print

The stand of the assessee was that it was not necessary that loss of one industrial undertaking should necessarily be adjusted against the profit of another eligible industrial undertaking.

Allahabad HC directs payment of interest on delayed GST refund

December 18, 2024 936 Views 0 comment Print

Allahabad High Court directs payment of interest on delayed GST refund of ₹38.10 lakhs under Section 56 of the CGST Act, resolving inter-authority disputes.

Cost of Goods Sold (COGS) Split Function in SAP S/4HANA Fico

December 18, 2024 4830 Views 0 comment Print

Learn about the COGS split function in SAP S/4HANA and how it helps businesses improve cost control, profitability analysis, and financial decision-making.

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