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Archive: 10 February 2025

Posts in 10 February 2025

CS Profession@2047- Aspirations & Expectations

February 10, 2025 813 Views 0 comment Print

As we approach the mid-21st century, the landscape of the corporate world is poised for unprecedented transformation. The year 2047, marking a century of India’s independence, offers a compelling vision for the future of the Company Secretary (CS) profession. This article explores the aspirations and expectations for CS professionals in this evolving era, reflecting on […]

Bombay HC directs Disciplinary Action against Officers Losing GST Case Documents

February 10, 2025 498 Views 0 comment Print

Bombay High Court orders inquiry into lost GST documents in Sheshnath Adyaprasad Singh’s case, seeking action against responsible officers.

LLP & Partners Penalized ₹1.5 Lakh for Non-Functioning at Registered Address

February 10, 2025 414 Views 0 comment Print

Arles Maxent Associates LLP and its designated partners fined ₹1.5 lakh by Chennai ROC for violating Section 13 of the LLP Act, 2008, due to failure to maintain a registered office.

CBIC Not Bound to Clarify GST Issues Raised via Representations: Delhi HC

February 10, 2025 3834 Views 0 comment Print

Delhi High Court rules that CBIC is not required to clarify GST on Battery Energy Storage Systems (BESS), directing taxpayers to rely on statutory provisions.

Ignorance of law is not sufficient ground to condone delay: ITAT Bangalore

February 10, 2025 258 Views 0 comment Print

ITAT Bangalore held that ignorance of law is not a ground for condonation of delay, hence delay of 879 days in filing of an appeal without any sufficient reason shown is not condonable. Accordingly, appeal dismissed.

FAQs on IFSCA IBC and OEC Regulations, 2022

February 10, 2025 402 Views 0 comment Print

Learn about IFSCA regulations enabling foreign universities to set up branches in GIFT IFSC. Details include eligibility, fees, courses, and compliance.

Reopening u/s. 148 after four years without failure to disclose material facts unsustainable

February 10, 2025 459 Views 0 comment Print

ITAT Bangalore held that reopening of assessment under section 148 after expiry of four years without failure on part of assessee to disclose fully and truly all material facts is invalid and hence liable to be quashed.

Details/ documents proved genuineness of purchases hence bogus purchase addition deleted

February 10, 2025 435 Views 0 comment Print

ITAT Mumbai held that CIT(A) rightly deleted addition towards bogus purchases since assessee proved genuineness of purchases by submitting various details/ documents. Accordingly, appeal of the revenue dismissed.

Gauhati HC Grants Stay as GST SCN Lacks Evidence of Wilful Suppression, Misstatement or Fraud

February 10, 2025 735 Views 0 comment Print

Gauhati High Court stays GST notice against Bhagya Kalita, questioning jurisdiction under Section 74(1) of the CGST Act. Case to be heard on 09/12/2024.

ICAI 2024-25 Highlights: Innovation, Growth, and Collaboration

February 10, 2025 225 Views 0 comment Print

Explore ICAI’s 2024-25 initiatives, including tech adoption, global expansion, MSME support, financial literacy, and alignment with India’s Viksit Bharat@2047 vision.

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