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BSE Circular: Shifting of 8 Scrips to and from ‘T’ Group w.e.f. August 23, 2023

August 16, 2023 1170 Views 0 comment Print

BSE circular (20230816-48) announces shifting of scrips to/from ‘T’ Group in compliance with SEBI directives. Details and effective date provided.

Pharmacy (Amendment) Act, 2023

August 15, 2023 1263 Views 0 comment Print

Get details on the Pharmacy (Amendment) Act, 2023 in India. Special provisions for Jammu and Kashmir Pharmacy Act, 2011 included. Learn more.

Charitable Trusts’ Activities Shouldn’t Be Restricted to Specific Caste: ITAT directs Readjudication

August 15, 2023 5217 Views 2 comments Print

Learn about Mar Baselius Orthodox Syrian Church vs CIT(Exemption) case where ITAT Surat discusses charitable activities of trusts and application of section 13(1)(b).

Registration in Partner’s Name Doesn’t Preclude Partnership Firm from Claiming Vehicle Depreciation

August 15, 2023 6774 Views 0 comment Print

Read about the Vinod Textiles vs ACIT case where ITAT Ahmedabad discusses the claim of depreciation on a motor vehicle registered in a partner’s name.

Revisionary Powers under Section 263: Error Must Be Factual or Legal

August 15, 2023 1800 Views 0 comment Print

Read the analysis of the Tata Aig vs CIT case where ITAT Mumbai discusses revisionary powers under Section 263 and assessment errors.

Section 56(2)(viib) Not Applicable to Non-Resident Share Premium: ITAT Delhi

August 15, 2023 1806 Views 0 comment Print

ITAT Delhi rules on APCA Power Private Limited’s appeal regarding Section 56(2)(viib) of the Income Tax Act. Share premium received from non-resident examined.

Interest Calculation for Excise Duty Refund: Starting Date Clarified by HC

August 15, 2023 465 Views 0 comment Print

Analysis of the Delhi High Court’s ruling in Blackberry India Pvt Ltd vs Assistant Commissioner on interest calculation for excise duty refund.

No Service Tax on Commodity Auctioneer Commission Received by Co-op Society

August 15, 2023 204 Views 0 comment Print

Ruling on service tax demand under ‘Auctioneer’ Service on commission by a cooperative society in conducting action. Details on the CESTAT Chennai’s verdict.

New Tariff Values for Edible Oils, Brass, Gold & Silver from 15th Aug 2023

August 14, 2023 1203 Views 0 comment Print

Official notification of revised tariff values for edible oils, brass scrap, gold, silver, and areca nuts by the Ministry of Finance, India, on 14th Aug 2023

IBBI Cancels Registration of RV for Suppression of material Facts

August 14, 2023 2052 Views 0 comment Print

IBBI cancels registration due to suppression of material facts by Mr. Vinodkumar Bhogayata. Analysis of the regulatory action.

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