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Archive: 24 August 2025

Posts in 24 August 2025

Bombay HC Quashes Reassessment Due to Invalid Sanction by lower authority

August 24, 2025 897 Views 0 comment Print

The Bombay High Court has quashed a reassessment notice for AY 2018-19, ruling the sanction was improperly granted by a lower authority, the PCIT.

Distributor Liable for Profiteering ₹3.31 Lakh in L’Oreal Cosmetics Case: GSTAT

August 24, 2025 921 Views 0 comment Print

GSTAT ruled that Raj & Company failed to pass on GST rate cut from 28% to 18% on cosmetics, profiteering ₹3.31 lakh. Distributor directed to deposit with interest.

SEBI Proposes New Block Deal Framework Review

August 24, 2025 837 Views 0 comment Print

SEBI’s consultation paper reviews the block deal framework. Proposed changes include two trading windows, price ranges, and a minimum order size of ₹25 crores.

Verification of Marks of Company Secretaries Examinations: June 2025 Session

August 24, 2025 3016 Views 0 comment Print

Company Secretaries exam students can apply for mark verification for June 2025 session through their SMASH portal account until September 15, 2025, with a fee of Rs.250 per subject.

SEBI Proposes Closing Auction Session for Equity Cash Segment

August 24, 2025 894 Views 0 comment Print

SEBI has issued a consultation paper on introducing a Closing Auction Session (CAS) for equities to reduce volatility and align with global markets.

Section 54F Deduction Allowed if net consideration Utilised by Due Date u/s 139(4)

August 24, 2025 1356 Views 0 comment Print

Tribunal ruled that non-deposit in Capital Gains Account does not bar 54F relief if funds are used for construction within Section 139(4) timeline.

ICSI CS Exam: How to Get Your Answer Books

August 24, 2025 8480 Views 1 comment Print

ICSI offers students a portal to get copies of their June 2025 CS exam answer books for self-inspection, with specific rules and timelines.

GST Adjudicating Authority Not Bound by Investigating Authority Findings

August 24, 2025 7530 Views 0 comment Print

Investigation findings are not binding on GST adjudicating authority, and to be decided through proper adjudication: Madhya Pradesh High Court

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