CESTAT Hyderabad held that service tax demand on the service of Multi System Operator provided to cable TV operator is sustainable. Further, since there was suppression of facts to evade payment of service tax, extended period of limitation is duly invoked.
CIRP against the Corporate Debtor-Rajesh Cityspaces Private Limited commenced on 15.01.2024. Mr. Ajit Gyanchand Jain- Respondent No.1 was appointed as Interim Resolution Professional (IRP).
Understand SEBI’s Master Circular for Merchant Bankers. This summary covers key obligations, compliance, reporting, and regulatory requirements for registered entities.
International Financial Services Centres Authority (IFSCA)[1] is the unified regulator for the development and regulation of financial products, financial services and financial institutions in International Financial Services Centres (IFSCs) in India. The Government of India established the International Financial Services Centres Authority (IFSCA) on April 27, 2020 as a statutory body under the IFSCA Act, […]
Patna High Court imposes ₹10,000 cost and 9% interest on an officer for illegal tax recovery without due process, highlighting consequences for procedural violations.
ITAT Bangalore dismissed Karuturi Global’s appeals due to improper verification by directors and the tax department’s appeals as infructuous due to ongoing liquidation.
Madras High Court held that confiscation of crude gold bar justified as source of income for having purchased gold bar not proved. Thus, burden of proof u/s. 123 of the Customs Act not discharged.
IFSCA’s new circular guides Finance Companies and Units on submitting requests for changes like management, name, or activities, simplifying compliance.
ITAT Delhi held that invocation of provisions of section 40A(3) of the Income Tax Act not justifiable as income is estimated on the basis of gross profit rate. Thus, disallowance u/s. 40A(3) set aside and appeal stands allowed.
India has imposed new port restrictions on specific textile imports from Bangladesh, limiting entry to Nhava Sheva Seaport, effective immediately.
