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Customs Exchange Rates effective from 17th November, 2023

November 16, 2023 1773 Views 0 comment Print

Stay informed with the updated foreign exchange rates as per Notification No. 84/2023-Cus (NT) dated 16th November 2023. Check the rates for imported and exported goods

CBIC reduces SAED on Petroleum Crude production wef 16.11.2023

November 15, 2023 765 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 1230 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 6285 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 3063 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 933 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 23682 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 1077 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 1551 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 675 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.

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