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IFSCA Draft Guidelines on Solvency Margin of Life insurance business

December 21, 2023 411 Views 0 comment Print

Explore IFSCA’s proposed guidelines on assets, liabilities, and solvency for life insurance businesses in 2023. Provide your feedback by January 10, 2024.

Clarity on Minimum Value Addition for Spices in FTP 2023

December 21, 2023 555 Views 0 comment Print

Get the latest update from DGFT on minimum value addition for spices under FTP 2023. Learn about Para 4.09 (v) and its implications for exporters and importers.

Customs Exchange Rates effective from 22nd December, 2023

December 21, 2023 2034 Views 0 comment Print

Stay informed with Customs Notification 93/2023. Updated exchange rates for foreign currencies, impacting imports and exports. Effective from 22nd December 2023.

Non-Compliance with Section 118(1) on Minutes Book Maintenance: MCA Imposes Penalty

December 21, 2023 2655 Views 0 comment Print

Explore the adjudication order by MCA imposing penalties on Sitaram Maharaj Sakhar Karkhana for violating Companies Act Section 118(1). Learn about the case, penalties, and implications.

ITAT Grants Section 11 Benefit as Form No. 10 Audit Report filed during Assessment

December 21, 2023 4149 Views 0 comment Print

Explore the Shree Swami Samarth Seva Kendra vs ITO case at ITAT Mumbai. Analysis reveals the importance of Form 10 compliance for securing Section 11(2) benefits.

Kerala HC Dismisses Writ Petition for Lack of Natural Justice Violation

December 21, 2023 681 Views 0 comment Print

Kerala High Court’s decision in N.T.K. Jewellers vs. Assistant Commissioner case. No violation of natural justice found in CGST/SGST assessment order.

CA not updated Email ID on income tax portal: ITAT Mumbai Grants Relief

December 21, 2023 3801 Views 0 comment Print

Read the detailed analysis of Maheshwar Niketan Co-operative Housing Society Limited vs. ITO case. ITAT Mumbai grants relief for CA’s email ID failure on the Income Tax portal.

When Profit Is Estimated, Cash Deposit During Demonetization Is Not Taxable Separately

December 21, 2023 1341 Views 0 comment Print

Explore the ITAT Hyderabad’s order in Puligilla Purnachander Vs ITO case for insights on Income Tax Act Section 69A, gross sales, and demonetization deposits.

Delhi HC Dismisses Writ Petition for Escaped Assessment Below Rs. 12,800

December 20, 2023 432 Views 0 comment Print

Delhi High Court dismisses Bholi Kumar’s writ petition challenging Income Tax Act’s section 148A(d) order. Meager amount prompts Revenue to abandon the case.

Kerala HC Deems 24-Hour Response Time Unreasonable: Sets Aside Income Tax Assessment Order

December 20, 2023 687 Views 0 comment Print

Kerala High Court overturns Income Tax assessment order, finding 24-hour response time unfair. Detailed analysis of Aneesh vs Union of India case, implications, and court’s directives.

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