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Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023

July 27, 2023 840 Views 0 comment Print

Learn about proposed Offshore Areas Mineral bill 2023 Amendment introduced in Lok Sabha to regulate India’s vast offshore mineral resources through auction and other features

SEBI Guidelines for Mutual Funds’ Investment in CDMDF

July 27, 2023 1509 Views 0 comment Print

SEBI issues Circular outlining rules for Mutual Funds’ investment in Corporate Debt Market Development Fund (CDMDF) to enhance corporate debt market.

DGGI Meerut busts Rs. 3,242 Cr Fake Billing Racket

July 27, 2023 1719 Views 0 comment Print

DGGI Meerut Zonal Unit uncovers two major fake billing rackets involving 246 entities with Rs. 557 Cr ITC. Three arrests made. Details here.

NFRA Penalizes Auditor for Non-Compliances with auditing norms

July 27, 2023 5715 Views 0 comment Print

The National Financial Reporting Authority (NFRA) has issued an order penalizing CA Sachin Kansai, the Engagement Partner (EP) for the audit of M/s Anshu’s Clothing Ltd (now known as Aditri Gems & Jewels Ltd) for the Financial Year (FY) 2015-16, under Section 132(4) of the Companies Act, 2013. The order addresses various non-compliances with accounting […]

Request for Income Tax Return Deadline Extension in Gujarat – AY 2023-24

July 27, 2023 25485 Views 0 comment Print

All Gujarat Federation of Tax Consultants and Income Tax Bar Association request an extension of the income tax return deadline for AY 2023-24 due to heavy rain and flood in Gujarat.

PFRDA Guidelines on ASP Selection and Charges for NPS Subscribers

July 27, 2023 1164 Views 0 comment Print

PFRDA issues guidelines emphasizing individual choice in Annuity Service Provider selection and clarifying no additional charges for NPS subscribers.

Updated SOP for Income Recomputation of Sugar Co-ops in India

July 27, 2023 1092 Views 0 comment Print

Explore the new standard operating procedures (SOP) issued by India’s Ministry of Finance for recomputing income for co-operative sugar factories.

High Court Set-Aside Order: Reasons for Reopening Not Provided in Tax Case

July 26, 2023 4875 Views 0 comment Print

In a tax case of Rajesh Poddar Vs ITO, the Bombay High Court set aside the order and directed re-adjudication due to failure in providing reasons for reopening the assessment.

Trust Registration under section 12AA cannot be denied for Surplus Profit

July 26, 2023 3168 Views 0 comment Print

The J&K High Court ruled that trust registration under section 12AA cannot be denied solely for generating surplus profit. Read the full judgment here.

HC quashed Notices & Orders against non-existent company

July 26, 2023 1011 Views 0 comment Print

Read how Bombay High Court ruled in favor of New Age Buildtech Pvt Ltd, quashing invalid notices issued in the name of non-existent company ERP Infra Pvt Ltd.

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