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Archive: 14 May 2025

Posts in 14 May 2025

Section 153C Proceedings invalid in Absence of Incriminating Material: Delhi HC

May 14, 2025 1101 Views 0 comment Print

Delhi High Court quashes tax notices against R.C. Jewellers, rules Section 153C proceedings require incriminating material linking seized items to assessee’s income.

GST Registration Cancellation Without Considering Court Order: Revocation Application Allowed

May 14, 2025 1035 Views 0 comment Print

Madras HC directs GST department to follow specific process, including personal hearing, for Vrishti Mercantile’s cancelled registration via revocation route.

Excise: Interest on Refunded Pre-Deposit Amount Under Section 35FF Is a Statutory Right

May 14, 2025 975 Views 0 comment Print

CESTAT rules in Laurel Wires case, directing tax department to pay interest on ₹20 lakh pre-deposit refunded after favorable appeal outcome.

SCN Under Section 73 Mandatory Despite Issue of Summary: Gauhati HC

May 14, 2025 963 Views 0 comment Print

Gauhati High Court sets aside GST summary show cause notice and order, reaffirming that a proper SCN is mandatory under Section 73.

CBDT Specifies IRFC Ten Year Zero Coupon Bond

May 14, 2025 2196 Views 0 comment Print

CBDT specifies Indian Railway Finance Corporation Ltd.’s Ten Year Zero Coupon Bond under Income-tax Act Section 2(48), detailing features and March 2027 issue deadline.

Advisory on GST Appeal withdrawal with respect to Waiver scheme

May 14, 2025 5955 Views 0 comment Print

Advisory on withdrawing GST appeals for the Section 128A waiver scheme. Learn how “Appeal withdrawn” status fulfills requirements & document upload needed.

MHA Permits Fee Payments from Expired FCRA Accounts

May 14, 2025 1572 Views 0 comment Print

MHA permits NGOs with expired FCRA registration to pay compounding penalties and fees from their FCRA account via online portal; other uses prohibited.

SEBI Modifies CRA Internal Audit Team Composition Norms

May 14, 2025 783 Views 0 comment Print

SEBI Circular dated May 14, 2025, revises norms for Credit Rating Agency internal audit teams, including Cost Accountants and DISSA qualification.

SEBI Updates Investor Charter for Share Transfer Agents (RTAs)

May 14, 2025 978 Views 0 comment Print

SEBI updates Investor Charter for RTAs, mandates public display, complaint disclosures, and revises grievance redressal process. Effective May 14, 2025.

ICSI announces Western Region Convocation of FY 2025-2026

May 14, 2025 3822 Views 0 comment Print

ICSI schedules Western Region Convocation on June 11, 2025, in Nagpur for members enrolled between Oct 2024-Mar 2025. Registration required by May 25.

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