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Archive: 22 April 2025

Posts in 22 April 2025

No GST on Immovable Property Sale Without Construction Service: Karnataka HC

April 22, 2025 7506 Views 0 comment Print

Karnataka High Court directs GST refund for Rohan Corporation’s mall purchase, stating sale of immovable property without construction service is not taxable.

Mechanical Section 153D approval without proper review: ITAT Quashes Assessment

April 22, 2025 261 Views 0 comment Print

ITAT Cuttack rules against revenue, quashing Dilip Constructions’ assessment citing mechanical approval without proper review. Judicial precedents cited.

SEBI Revises Cut-Off Timings for NAV in Overnight Mutual Fund Schemes

April 22, 2025 420 Views 0 comment Print

SEBI updates cut-off times for mutual fund overnight scheme repurchases, effective June 1, 2025. Learn about the new NAV applicability.

RBI Directs Banks to Migrate to ‘.bank.in’ Domain

April 22, 2025 651 Views 0 comment Print

RBI asks all banks to shift to ‘.bank.in’ domain by Oct 31, 2025, to boost cybersecurity and reduce fraud risks in digital banking.

IFSCA Clarifies CDD and Supply Chain Integrity for Vault Managers

April 22, 2025 210 Views 0 comment Print

IFSCA clarifies customer due diligence for vault managers in IFSC and outlines requirements for maintaining bullion supply chain integrity.

ICAI Partners with RRU, NFSU to Combat Financial Fraud

April 22, 2025 603 Views 0 comment Print

ICAI collaborates with Rashtriya Raksha University and National Forensic Sciences University to enhance financial fraud investigation skills and cybersecurity expertise.

Board Meetings and Director Roles under Companies Act, 2013

April 22, 2025 1386 Views 0 comment Print

Learn about the role of directors, board meetings, quorum, and company regulations as per the Companies Act, 2013, and Secretarial Standards

Section 263 cannot be Invoked for Difference of Opinion on Section 54F Exemption & Indexed Cost

April 22, 2025 483 Views 0 comment Print

ITAT Mumbai allows appeal of Jasmine Bhaskar Shah against PCIT’s Section 263 revision on exemption under 54F and indexation of gifted shares.

Disposal of Application After 30 Days violates Section 7 of RTI Act IBBI

April 22, 2025 90 Views 0 comment Print

Information Commission disposes of an appeal regarding delayed RTI response from CPIO, emphasizing adherence to statutory timelines.

IBBI suspends IP for Asset protection failures & improper sale

April 22, 2025 159 Views 0 comment Print

IBBI disciplinary order suspends IP Jitendrakumar Yadav for 1 year for IBC violations in Dilip Chhabria & Maha Urja cases, citing asset protection failures & improper sale.

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