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ICSI Celebrates 35 Years of Recognition: Developing Future-Ready Global Professionals

June 18, 2023 1083 Views 0 comment Print

ICSI) marks a significant milestone as the practice side of the profession completes 35 years of recognition. Read about ICSI’s efforts in developing skilled professionals, establishing good corporate governance globally, and pursuing international accreditation. Contact details provided in the press release.

SEBI Circular on Adherence to Regulation 51A for Online Bond Platform Providers

June 16, 2023 3447 Views 0 comment Print

SEBI has issued a circular addressing the adherence to Regulation 51A of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 by Online Bond Platform Providers. This circular outlines the restrictions on product offerings, divestment requirements, and permissions for offering certain securities on online bond platforms. The circular highlights the need for Online Bond […]

SEBI Circular on Amendment to AML/CFT Guidelines for Securities Market Intermediaries

June 16, 2023 2013 Views 0 comment Print

Latest circular issued by SEBI regarding amendment to Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) for securities market intermediaries. Stay updated with the changes and ensure compliance with the new rules.

Delhi High Court Overturns GST Registration Cancellation on ‘Non-Existence’ Grounds

June 16, 2023 4413 Views 0 comment Print

Delhi High Court ruled in favor of Roxy Enterprises, quashing GST registration cancellation made on grounds of firm being non-existent at its principal place of business.

Chhattisgarh High Court Orders Expedited Decision on Pending Income Tax Appeal

June 16, 2023 1473 Views 1 comment Print

Chhattisgarh High Court directs the Commissioner of Income Tax (Appeals) to decide on pending appeals of Gurdeep Singh Gill against Union Of India within a period of 90 days.

Calcutta HC quashes Order to Dismantle Hoarding over Unpaid Advertisement Tax Dispute

June 16, 2023 495 Views 0 comment Print

The Calcutta High Court quashes the Kolkata Municipal Corporation’s order to dismantle a hoarding over unpaid advertisement taxes, as no prior notice was issued to the petitioner

Treat Credit Entries in Current & Savings Accounts as Gross Receipts from Business, Profit Rate of 8% Applicable: ITAT

June 16, 2023 5136 Views 0 comment Print

ITAT Chennai ruling in Gunaseelan Janaki Radha Vs ITO, dictating credit entries in current and savings accounts to be treated as gross receipts from business transactions, with an applicable profit rate of 8%

Cough syrup transportation without proper E-way Bill: HC grants bail to Driver

June 16, 2023 1770 Views 0 comment Print

Gauhati High Court ruling in Malay Mukharjee Vs State of Assam, where bail was granted to accused involved in transportation of cough syrup without proper E-way Bill

ITAT Amritsar Overturns Ex Parte Addition u/s 68 During COVID-19 Pandemic

June 16, 2023 828 Views 0 comment Print

ITAT Amritsar in Abdul Hamid Khan Vs ITO, deleted an ex parte addition made during the COVID-19 pandemic under Section 68 of Income Tax Act

Section 69A not Applicable if Assessee Provides Plausible Explanation for Jewellery Source

June 16, 2023 2808 Views 0 comment Print

ITAT Pune’s verdict in the case of Jayashri Shrikant Deshmukh Vs ACIT, underlining the importance of plausible explanation in cases involving Section 69A of the IT Act.

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