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SOP- Aadhaar Seeding process for Lite/APY Subscribers

January 10, 2023 747 Views 0 comment Print

It needs to be ensured that the name of the subscriber and Date of Birth (DoB) as per CRA records do match with the information available in Aadhaar.

Comprehensive Framework on Offer for Sale of Shares through Stock Exchange Mechanism

January 10, 2023 1761 Views 0 comment Print

All promoter(s) or promoter group entities of such companies that are eligible for trading and are required to increase public shareholding to meet the minimum public shareholding requirements in terms of Rule 19(2)(b) and 19A of Securities Contracts (Regulation) Rules, 1957 (SCRR), read with Regulation 38 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Assessee can challenge reopening notice at the stage of challenging consequential Assessment order: HC

January 10, 2023 2463 Views 0 comment Print

Auroglobal Comtrade Private Limited Vs Chairman, CBDT & Others (Orissa High Court) HC declined to accept challenge to the Reopening notices under Section 148-A(1)(b) of the Act as well as the consequential order under Section 148-A(1)(d) of the Act by holding that the Petitioners/Assessees in those cases would have a full opportunity of urging all […]

Re­opening notice can be challenged with reassessment order before HC

January 10, 2023 3042 Views 0 comment Print

Punjab and Haryana HC rejects interference at early stage in Anshul Jain Vs PCIT case. The court holds that objections can be raised in re-assessment proceedings.

Implementation of RoDTEP Committee report in relation to Anomalies etc

January 9, 2023 1503 Views 0 comment Print

The revised Appendix 4R, after incorporating changes recommended by the RoDTEP Committee in relation to apparent errors and anomalies in 432 HS Codes in the earlier notified RoDTEP rates/caps, is being notified and will be applicable for exports made from 16.01.2023 to 30.09.2023.

Mode of settlement for trades executed on Request for Quote (RFQ) platform

January 9, 2023 561 Views 0 comment Print

It is clarified that, in addition to the existing payment mechanisms, payment mechanisms provided by banks/ payment aggregators authorised by Reserve Bank of India, from time to time, may be used for settlement of trades executed on the RFQ platform.

UAE Federal Decree-Law

January 9, 2023 2196 Views 0 comment Print

After more than 50 years of inception UAE has decided to implement Corporate Tax in the UAE with effect from 1 June 2023 and as a first step recently the government has issues the Federal Decree-Law,

GST: When any adverse decision is contemplated, personal hearing is a must

January 9, 2023 2130 Views 0 comment Print

Graziano Transmission India Private Limited Vs State of Gujarat (Gujarat High Court) Section 75(4) of the CGST Act, 2017 provides that an opportunity of hearing is to be provided where a request is received in writing from the person chargeable with tax or penalty or where any adverse decision is contemplated against such person. The […]

HC restricts addition on Bogus Purchase to G.P. rate on genuine purchases

January 9, 2023 6090 Views 0 comment Print

HC held that Tribunal, therefore, correctly restricted the additions limited to the extent of bringing G.P. rate on bogus purchases at the same rate of other genuine purchases.

MCA imposes penalty of Rs. 12,22,800 on Company & Directors for not filing Annual Returns

January 9, 2023 5703 Views 1 comment Print

MCA imposes total penalty of Rs. 12,22,800 on ‘Unique Green Energy India Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF […]

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