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RFP: Appointment of CA Firms/LLP/Proprietorship for NFRA’s Accounting & Taxation

January 19, 2024 2004 Views 0 comment Print

Explore NFRA’s RFP for Chartered Accountant firms/LLPs/Proprietorships to compile, verify books, handle taxation matters. Key dates, eligibility, scope & more.

Violation of Section 12(1) and (4) of Companies Act 2013: MCA Imposes Penalty

January 18, 2024 453 Views 0 comment Print

MCA Imposes Penalty for Violation of Section 12(1) & (4) of Companies Act 2013 by WORLDON HD TV PRIVATE LIMITED. Adjudication order issued by Registrar of Companies, Kerala & Lakshadweep.

Government notifies New Financial Services in International Financial Centres

January 18, 2024 1206 Views 0 comment Print

Discover the latest financial services notified by the Ministry of Finance in International Financial Service Centres. Learn about book-keeping, accounting, taxation, and financial crime compliance services.

GST: Unilateral Truck Seizure Without SCN Violates Right to be Heard

January 17, 2024 855 Views 0 comment Print

The petitioner, Akbar Ali Transport Services, was aggrieved by the lack of a show cause notice pertaining to the seizure of its vehicle, which was initiated under Section 129 of the GST Act. The court took cognizance of the fact that no specific notice was served on the petitioner before the truck was seized.

Weekly newsletter from Chairman, CBIC dated 17/01/2024

January 17, 2024 684 Views 0 comment Print

Discover the inauguration of the National Academy of Customs, Indirect Taxes, and Narcotics (NACIN) by the Prime Minister, marking a milestone in global cooperation and knowledge exchange.

DGGI is not Superior to State GST: Jharkhand High Court

January 17, 2024 20046 Views 0 comment Print

Explore jurisdiction clash between DGGI and State GST in Vivek Narsaria vs State of Jharkhand case. Detailed analysis, clarifications, and court order provided.

Revised Inclusion Norms for Urban Co-operative Banks in RBI’s Second Schedule

January 17, 2024 1221 Views 0 comment Print

Explore the latest circular from RBI outlining revised norms for inclusion of Urban Co-operative Banks in the Second Schedule. Learn about eligibility criteria and submission process.

Purchased Flat in Minor Daughter’s Name, Deduction U/S 54F Allowed by ITAT

January 16, 2024 1197 Views 0 comment Print

Central issue revolved around assessee’s claim for deduction under Section 54F for investing sale proceeds of shares in a residential flat purchased in the name of his minor daughter.

Appointment of Adjudicating Authority for M/s Ecoclean Machines Pvt. Ltd SVB Case

January 16, 2024 417 Views 0 comment Print

Explore the latest Ministry of Finance notification appointing adjudicating authorities for finalizing provisional assessment in the SVB case of M/s Ecoclean Machines Pvt. Ltd.

AO’s Addition Unsustainable Without Incriminating Material from Relevant Search: Delhi HC

January 16, 2024 2022 Views 0 comment Print

Delhi High Court’s ruling in PCIT (Central) vs. Sanjay Singhal upholds ITAT’s deletion of addition under Section 69A for AY 2015-16, emphasizing need for incriminating material for valid additions.

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