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Annual Return & Financial Statements not filed – MCA levied Penalty

January 15, 2024 612 Views 0 comment Print

Explore the penalty imposed by the Ministry of Corporate Affairs on IREO GRACE REALTECH for violating Companies Act, 2013 by not filing Annual Returns and Financial Statements.

Mayur Glass Industries: Withdrawal of Application – CAAR Mumbai

January 13, 2024 129 Views 0 comment Print

Explore the withdrawal of the advance ruling application by Mayur Glass Industries concerning the classification of Clear Float Glass at CAAR Mumbai.

SEBI’s New Initiative: Facility of voluntary freezing/blocking of Trading Accounts by Clients

January 12, 2024 633 Views 0 comment Print

Discover SEBIs latest circular on investor security! Learn about the voluntary freezing of trading accounts, addressing suspicious activities for a safer investment environment.

Competition Commission of India (General) Amendment Regulations, 2024

January 12, 2024 480 Views 0 comment Print

Explore the key changes in the Competition Commission of India (CCI) regulations with the latest amendment of 2024. Learn about interlocutory applications, fees, and procedural updates.

Delay in CS Appointment: MCA Reduces penalty from Rs. 25 Lakh to 12.5 Lakh

January 12, 2024 3108 Views 0 comment Print

Discover how MCAs delay in CS appointment led to reduced penalty for Suvarnabhoomi Enterprises from Rs. 25 Lakh to 12.5 Lakh. Detailed analysis and implications.

Clarifications on Filing Appeals Before Appellate Tribunal under Kerala SGST Act

January 11, 2024 3525 Views 0 comment Print

Explore the latest circular from the Government of Indias State Goods and Services Tax Department, providing clarity on filing appeals before the Appellate Tribunal. Get insights on time limits, recovery processes, and guidelines for taxpayers.

Apply Now: CA/CA Firms Empanelment in Bihar & Jharkhand for Special Auditors

January 11, 2024 1398 Views 0 comment Print

Income Tax Department invites C.A./C.A. Firms in Bihar & Jharkhand to apply for empanelment as Special Auditors. Eligibility, terms, and conditions outlined. Apply within 15 days.

Delhi HC Rules Investment in Indian subsidiary Shares is Capital Account Transaction

January 10, 2024 513 Views 0 comment Print

Delhi High Court judgment in Nestle SA vs ACIT clarifies that investment in shares by Nestle in its Indian subsidiary is a capital account transaction, not income.

Royalty is a regulatory fee & not a consideration & is not compensatory in nature

January 10, 2024 1524 Views 0 comment Print

CESTAT Chennai rules against service tax on ONGC’s royalty payments for petroleum licenses, affirming royalty as a regulatory fee, not service consideration, offering clarity on tax implications of such payments.

CAAR Classifies Roasted Areca Nuts Under CTH 20081920 in Favor of Perfect Trading Co.

January 10, 2024 1017 Views 0 comment Print

Customs Authority for Advance Rulings in New Delhi resolves classification of Roasted Areca Nuts, setting a precedent for similar cases. Learn the ruling details.

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