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CBIC reduces SAED on Petroleum Crude production wef 16.11.2023

November 15, 2023 570 Views 0 comment Print

“Read about CBIC’s latest move reducing Special Additional Excise Duty on Petroleum Crude production to Rs. 6300 per tonne, effective from November 16, 2023.

CIT(A) Required to Provide Plausible Reasons for Deletion of Addition: ITAT

November 14, 2023 981 Views 0 comment Print

ITAT Hyderabad ruling on CIT(A) requirements, reasons for deletion of additions, and appeal filed by Revenue against Bharat Auto Tech Private Limited.

Income Tax Reassessment Requires valid service of Section 148 Notice

November 14, 2023 5985 Views 0 comment Print

In the PCIT vs. Madhu Gupta case, Delhi HC emphasizes the necessity of a properly served notice under Section 148 for triggering reassessment proceedings.

CESTAT grants exemption to Sun Pharmaceuticals on ‘Danazol’ from excise duty

November 14, 2023 2721 Views 0 comment Print

CESTAT Chennai grants unconditional exemption to Sun Pharmaceuticals on ‘Danazol’ from excise duty. Full details of the order against Commissioner of GST & Central Excise.

Delhi HC Upholds ITAT’s Decision on Comparables for Arm’s Length Price

November 14, 2023 627 Views 0 comment Print

Delhi High Court supports ITAT’s verdict on the selection of comparables for determining the Arm’s Length Price of an international transaction. Get insights on PCIT vs Chrys Capital

Violation of Section 180(1)(c) of Companies Act, 2013 – MCA Imposes Penalty

November 13, 2023 21819 Views 0 comment Print

Explore the penalty imposed by MCA on SACS Infotech for violating Section 180(1)(c) of the Companies Act, 2013. In-depth analysis, consequences, and appeal process reveale

SEBI’s Most Important Broker-Client Terms for Formalizing Relationships

November 13, 2023 663 Views 0 comment Print

Stay informed on SEBI’s latest circular on Most Important Terms and Conditions (MITC) for stock brokers. Understand the changes, compliance dates, and how it impacts investor relationships

Board Report not included Qualified Opinion of Auditor: MCA Imposes Penalty

November 13, 2023 1215 Views 0 comment Print

Learn about the penalty order issued by the Registrar of Companies, Uttar Pradesh, against Holitech India Pvt Ltd for non-compliance with Section 134(3)(f) of the Companies Act, 2013.

Allahabad HC: Tribunal Can Consider Late VAT Forms under UPVAT

November 13, 2023 366 Views 0 comment Print

Allahabad High Court allows consideration of late UPVAT forms due to unavoidable circumstances. Detailed analysis of Sah Agencies Pvt. Ltd. Vs Commissioner case.

Commissioner (A) lacks authority to condone appeal filing delays beyond one month

November 13, 2023 3609 Views 0 comment Print

Kerala High Court rules Commissioner (Appeals) lacks authority to condone delays beyond one month for Service Tax Appeals. Full analysis of Vattiyoorkavu Bank vs. Commissioner of Appeals.

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