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SEBI Master Circular for Custodians

April 27, 2023 2430 Views 0 comment Print

All applicants desirous of seeking registration as a Custodian are now required to submit their applications online only, through SEBI Intermediary Portal at https://siportal.sebi.gov.in.

Special Economic Zones (Second Amendment) Rules, 2023

April 27, 2023 2802 Views 0 comment Print

These rules may be called the Special Economic Zones (Second Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.

Amendment of Notification No. 19/2022 Customs (NT) dated 30.03.2022

April 26, 2023 1578 Views 0 comment Print

Amendment of Notification No.19/2022 Customs (NT) dated 30.03.2022 Vide Notification No. 30/2023-Customs (N.T.) | Dated: 26th April, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 30/2023-Customs (N.T.) | Dated: 26th April, 2023 S.O. 1934(E).—In exercise of the powers conferred by sub-section (4) of section 51A of the […]

NFRA imposes Rs. One crore penalty on CA Firm and Rs. 5 Lakh on Partner

April 26, 2023 31242 Views 0 comment Print

NFRA’s investigations inter alia revealed that the TDL’s Auditors for the FY 2018-19, had failed to meet the relevant requirements of the Standards on Auditing (‘SA’ hereafter) in a number of significant aspects and demonstrated a serious lack of competence. They failed to evaluate their potential conflict of interest and failed to maintain their independence […]

ITAT deletes addition for cash deposit during demonetization

April 22, 2023 2685 Views 0 comment Print

ITAT Delhi supports household savings explanation for cash deposits up to Rs.2.50 lakh, referencing CBDT Instruction and prior rulings.

Order passed without giving opportunity to petitioner is remanded back to AO by HC

April 21, 2023 477 Views 0 comment Print

order has been passed without any giving opportunity to the petitioner to produce the relevant documents which were in his custody, is being set aside and the matter is being remanded back to the Assessing Officer to pass a fresh order after giving one opportunity to petitioner

ICAI to cause special audit if objection are raised on its financials: Madras HC

April 21, 2023 11274 Views 0 comment Print

Special Audit of ICAI is to be conducted only in the event of falsehood or irregularity or illegality. In the present case, the petitioner raises several objections with reference to the financial aspects and he states that other members also raised similar objections for conducting Special Audit.

GST registration cancellation for mere not replying SCN is invalid

April 21, 2023 1197 Views 0 comment Print

Order does not assign any reason for cancelling GST registration and is passed only on the ground that reply to show cause notice is not given. Non-submission of reply to SCN cannot be a ground for cancellation of GST registration.

18% GST Payable on Open car parking sale

April 20, 2023 19161 Views 0 comment Print

In re Eden Real Estates Private Limited (AAAR GST West Bengal) Whether the services provided by the applicant for right to use of car parking would be treated as a composite supply when the services is supplied along with sale of under constructed apartments and whether such supply shall be treated as Non-GST supply if […]

Transfer of Income Tax File: Provide Opportunity of Personal Hearing- HC

April 20, 2023 849 Views 0 comment Print

Provide relevant documents indicating basis for order of transfer of petitioner’s file and provide opportunity to file further objection : HC

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