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SEBI’s Guidelines on Achieving Minimum Public Unitholding in InvITs

June 27, 2023 1002 Views 0 comment Print

SEBI’s new guidelines on minimum public unitholding requirements for Infrastructure Investment Trusts and its implications for the stakeholders.

Mahila Samman Savings Certificate, 2023: Available in Public & Private Banks

June 27, 2023 1809 Views 0 comment Print

Discover the Mahila Samman Savings Certificate, 2023—a significant initiative aimed at strengthening the financial security of women in India. Now available through both Public Sector and selected Private Sector Banks.

Non-Submission of Business Vouchers – ITAT restrict disallowance to 5%

June 26, 2023 774 Views 0 comment Print

Judgement of Garve Motors Private Limited Vs DCIT (ITAT Pune), addressing the disallowance due to non-submission of business vouchers.

NCLT approves Resolution Plan of Galada Power and Telecommunication Limited

June 26, 2023 390 Views 0 comment Print

NCLT Hyderabad approves Amrutha Constructions’ resolution plan for Galada Power, ensuring its revival with unanimous CoC support under IBC.

Unsigned balance sheet of Company filed: MCA imposes penalty

June 26, 2023 14574 Views 0 comment Print

Dive into the case of Regent Professional Academy’s violation of Companies Act provisions. Learn about penalties imposed by MCA, analysis, and implications.

No Alternative Claim for Late EPF & ESI Payment under Section 37(1)

June 26, 2023 663 Views 0 comment Print

The ITAT Chennai confirmed that the late payment of EPF and ESI contributions could not be claimed alternatively under Section 37(1) of the Income Tax Act, marking a significant precedent for late payment disallowances.

Madras High Court Condones 21-second Delay in Filing ITR

June 26, 2023 1191 Views 0 comment Print

The Madras High Court rules in favor of Balaji Super Alloys in their case against the Principal Commissioner, allowing a deduction under Section 80IA despite a 21-second delay in filing the income tax return.

HC Expresses Concern Over Harassment of Advocates due to Service Tax Notices

June 25, 2023 612 Views 0 comment Print

Discover the verdict and implications of the Pankaj Khare Vs Union of India case where the Allahabad High Court addressed GST exemption for practicing advocates.

Implications of Initiating Tax Proceedings Against a Deceased Person

June 25, 2023 1068 Views 0 comment Print

An in-depth examination of the case of Commissioner of Customs Vs K.V. Paints & Chemicals Co., where CESTAT ruled on the validity of tax proceedings against a deceased individual.

Sufficiency of Reasons under Section 148A(d) cannot Be Challenged by Writ

June 25, 2023 441 Views 0 comment Print

Review of the Calcutta High Court ruling in Arissan Energy Limited Vs Union of India, explaining why findings in an order under Section 148A(d) of the Income Tax Act cannot be scrutinized by a writ court.

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