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Audit Committee Formation Delay (Section 177): MCA Imposes Rs. 12 Lakh Penalty

December 23, 2023 6027 Views 0 comment Print

ROC Karnataka issues an adjudication order imposing penalties on Mukka Proteins Limited for violating Section 177(2) of Companies Act, 2013.

Rajasthan HC Clarifies Solvent Security vs. Bank Guarantee in GST Refund Case

December 23, 2023 2169 Views 0 comment Print

Rajasthan High Court ruling on Raj Kamal Cargo Movers vs. Assistant Commissioner clarifies the distinction between solvent security and bank guarantee in refund cases. Full judgment provided.

HC upheld penalty deletion as notice not specifies appropriate limb for penalty 

December 23, 2023 453 Views 0 comment Print

In PCIT Vs Bhudeva Estate Pvt. Ltd., Delhi High Court emphasized that notices for penalty under Section 271(1)(c) must explicitly specify grounds for penalty imposition.

Delhi HC sets aside GST Registration Cancellation for lack of specific details in SCN & absence of reasons in order

December 22, 2023 768 Views 0 comment Print

Delhi High Court overturns the cancellation of Aaira Batteries’ GST registration, citing a lack of natural justice. Detailed analysis of the case and implications for businesses.

T+0 & Instant Settlement Options: Consultation Paper on Enhanced Settlement Cycles

December 22, 2023 1437 Views 0 comment Print

Explore the Consultation Paper on introducing T+0 and Instant Settlement in Indian Securities Markets. Learn the benefits, features, and potential concerns. Share your insights now!

ICAI Clarifications on Advanced ICITSS for CA Final Exam Eligibility

December 22, 2023 14238 Views 0 comment Print

Get clarifications on completing Advanced ICITSS for CA Final exam eligibility. Details on Advanced IT test, categories, and requirements. Stay informed with ICAI.

CIT vs Travelport: Delhi HC Upholds 15% Revenue Attribution to PE in India

December 22, 2023 939 Views 0 comment Print

Delhi High Court grants relief to Travelport LP USA as it upholds CIT’s 15% revenue attribution to PE in India. Full text and analysis of the judgment.

Despite Error on Law by Original Authority, Remedy Against Order is to File an Appeal Under Statute

December 22, 2023 480 Views 0 comment Print

Explore the Kerala High Court’s dismissal of a writ petition against KVAT Act’s assessment order. Learn about the importance of alternative remedies for errors in law.

No Health Tax Proposal for Tobacco Products: Govt

December 22, 2023 1044 Views 0 comment Print

Explore the latest developments in India’s tobacco tax system. Learn about the proposed health tax on tobacco products and its impact on NCD/Cancer Care Fund. Get insights from the Ministry of Finance’s response to Rajya Sabha’s Unstarred Question No-1823.

Action Plan To Make The Country Third Largest Economy

December 22, 2023 570 Views 0 comment Print

Explore the comprehensive action plan by the Government of India’s Ministry of Finance to propel the nation into the third-largest economy by 2027. Discover key reforms and strategies for sustained growth.

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