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Archive: December, 2024

Posts in December, 2024

HC quashes Demand for excess credit utilization which was due to IGST Reporting Error in GST Returns

December 11, 2024 1707 Views 1 comment Print

Kerala HC reviews dispute over incorrect GST credit classification; appellant seeks relief for IGST credit misuse in the case Padickapparambil Alex v. Union of India.

A Comprehensive Guide to Best Term Insurance Plans for ₹2 Crore Coverage

December 11, 2024 1650 Views 0 comment Print

When it comes to insurance policies for your family’s finances, choosing the right term insurance is very essential. Although, today, there are many substitutes available in the Indian market, perhaps, you would be confused as to which is the most suitable for you. Which plan has the best set of benefits for ₹2 crore coverage and/or addition features for ₹2 crore coverage?

Supreme Court dismissed the SLP on grounds of delayed filing

December 11, 2024 1323 Views 0 comment Print

Supreme Court dismissed the SLP filed by the Revenue Department, upholding Delhi High Court’s judgment on CENVAT credit refund to BT India.

MCA imposes penalty for procedural lapses in issuing shares through rights issue

December 11, 2024 2223 Views 0 comment Print

Macquarie Group Management (India) Pvt. Ltd. penalized under Section 62(2) of the Companies Act, 2013, for non-compliance in rights issue procedures.

Key Deadlines to remember in the month of December!

December 11, 2024 10746 Views 0 comment Print

Meet December 2024 deadlines for belated ITR & GSTR 9/9C to avoid penalties and interest. Ensure timely filing to claim refunds and avoid late fees.

Addition u/s. 41(1) not justified in absence of evidence of cessation of liability: Delhi HC

December 11, 2024 849 Views 0 comment Print

Delhi High Court held that there was no evidence of cessation of liability thus addition under section 41(1) of the Income Tax Act not justifiable. Accordingly, appeal filed by the revenue dismissed.

Amendment to Income Tax Notification No. 44/2020

December 11, 2024 2493 Views 0 comment Print

CBDT amends Notification No. 44/2020 under Section 10(23FE) of Income-tax Act. Changes take effect from publication in the Official Gazette.

SEBI (Issue And Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024

December 11, 2024 1977 Views 0 comment Print

SEBI introduces ESG debt securities under amended Non-Convertible Securities Regulations, 2024, outlining issuance conditions and other key updates.

Import Management System for IT Hardware: 2025 Guidelines

December 11, 2024 2394 Views 0 comment Print

DGFT issues guidelines for restricted IT hardware imports in 2025. Importers must apply on DGFT portal for authorization valid till 31st Dec 2025.

IBBI suspends Liquidator for two years for contraventions of IBC regulations

December 11, 2024 672 Views 0 comment Print

IBBI disciplinary order examines e-auction irregularities by liquidator Ramasamy Shanmuggam. Allegations include non-compliance and procedural lapses.

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