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Shareholders below 25% threshold do not trigger open offer obligations: SEBI

July 21, 2023 2376 Views 0 comment Print

Explore SEBI’s interpretative letter providing guidance on takeover regulations in response to Kreon Financial Services Ltd.’s query.

Bolts, Nuts and Fasteners (Quality Control) Order, 2023

July 21, 2023 10911 Views 0 comment Print

Details on the 2023 Quality Control Order from India’s Ministry of Commerce and Industry enforcing quality standards for bolts, nuts, and fasteners.

Get What You Need on Easy EMIs, Apply for Bajaj Finserv EMI Network Card Today!

July 21, 2023 771 Views 1 comment Print

Bajaj Finserv EMI Network Card is a simple financing solution that lets you make online and offline purchases on easy, affordable No Cost EMIs. So, rather than taking a loan or breaking into investments to make the payment upfront, you can convert your spends into easy EMIs.

GST Refund Claim: Technical Grounds Alone Not Sufficient for Rejection

July 20, 2023 3618 Views 0 comment Print

In the case of Renuka Sugars Ltd vs State of Gujarat, Gujarat High Court examines validity of lodging a supplementary refund claim under ‘any other’ category for a balance refund amount due to an arithmetical error.

Section 44AD/44AF apply to presumptive assessment & not apply to Companies

July 19, 2023 3936 Views 0 comment Print

The provisions of section 44AD/44AF of the Act apply only to presumptive assessment, where the turnover is Rs.40.00 lacs or less and not the cases, where turnover is more than that.

No addition for On-Money Payments solely on statement of real estate developer

July 19, 2023 3513 Views 0 comment Print

The ITAT Mumbai case of Rajesh Prabhudas Parekh vs CIT(A), ITO is an insightful judgment on on-money payments in real estate transactions and the necessity of corroboration in such cases.

Madras HC upheld rejection of stay order by DCIT as petitioner filed stay application with CIT

July 19, 2023 1173 Views 0 comment Print

A comprehensive breakdown of the Doosan vs DCIT case, in which the Madras High Court upheld the DCIT’s rejection of a stay order.

CGST/MGST authorities cannot retain GST on export transactions: Bombay HC

July 19, 2023 981 Views 0 comment Print

The Bombay High Court rules that CGST and SGST paid on export transactions cannot be retained by State Authorities. Get the details and analysis of this critical ruling here.

PFRDA Guidelines for Operational Activities for PoPs-NPS-Lite

July 18, 2023 2019 Views 0 comment Print

Read latest circular from PFRDA regarding guidelines for operational activities to be followed by Point of Presence (PoPs-NPS-Lite). Stay updated and comply with regulations.

ITAT Dismisses Appeal as Defective due to Continuous Absence of assessee

July 17, 2023 1437 Views 0 comment Print

Get an in-depth analysis of the ITAT Delhi case, where the appeal filed by Geetu Kamra was dismissed due to her continuous absence and non-compliance with court directives.

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