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Setting up of Finance Company in GIFT IFSC

June 9, 2023 3651 Views 0 comment Print

Experience the advantages of GIFT City and India’s IFSC. Discover a green smart city with office spaces, residential areas, schools, hospitals, and more. GIFT City is a multi-service special economic zone and global financial service hub, attracting financial providers worldwide.

Anti Money Laundering Guidelines for Real Estate Agents in Maharashtra

June 8, 2023 6603 Views 0 comment Print

Read the Anti Money Laundering, Countering the Financing of Terrorism, and Combating Proliferation Financing Guidelines for Real Estate Agents issued by Maharashtra Real Estate Regulatory Authority (MahaRERA).

Delhi HC Orders Re-Adjudication on Same-Day Notice & Reassessment Order

June 8, 2023 951 Views 0 comment Print

In a recent judgment, the Delhi High Court set aside the order and notice issued under Section 148A(d) and 148, respectively, in the case of Premium Estates Pvt. Ltd. vs. ACIT. The court directed the Assessing Officer to conduct a de novo assessment after the petitioner received the notice on the same day as the order.

Section 271AAC Penalty not applicable if tax under section 115BBE is nil

June 8, 2023 8349 Views 0 comment Print

ITAT Hyderabad in case of Shri Vijay Kumar Reddy Vs ACIT held that section 271AAC penalty not applicable if tax under section 115BBE of Income Tax Act is nil

TDS Credit Denial Due to Assessee’s Mistake is impermissible: ITAT  Ahmedabad

June 8, 2023 1563 Views 0 comment Print

ITAT Ahmedabad, in Kunvarji Fincorp Vs DCIT held that denial of TDS credit due to assessee’s mistake or misunderstanding is impermissible

Online processing of investor service requests and complaints by RTAs

June 8, 2023 1872 Views 0 comment Print

SEBI has proposed the digitization of the process for investors to submit service requests and complaints online to RTAs.

Mutual Funds’ Participation in Repo Transactions on Corporate Debt

June 8, 2023 1251 Views 0 comment Print

Mutual funds allowed to participate in repo transactions on listed AA and above rated corporate debt securities, as well as commercial papers (CPs) and certificate of deposits (CDs).

Branch Authorization Policy for Urban Co-operative Banks

June 8, 2023 5577 Views 0 comment Print

Reserve Bank of India’s rationalization of the branch authorization policy for Urban Co-operative Banks (UCBs). Understand the new general permission for branch expansion, simplified approval process, and reporting requirements and implications of these changes on UCBs and their growth opportunities. Reserve Bank of India (RBI) has recently announced a rationalization of the branch authorization policy […]

IBBI Warns IP: Exercise Rigorous Due Diligence in Future Assignments

June 8, 2023 1458 Views 0 comment Print

The Insolvency and Bankruptcy Board of India’s Disciplinary Committee has issued an order regarding Ms. Sonu Jain, an Insolvency Professional, based on alleged contraventions under the Insolvency and Bankruptcy Code. The order addresses specific issues raised in the Show Cause Notice and provides an analysis and conclusion on the matter. The order discusses three main […]

e-Appeals Scheme, 2023: CBDT creates position of JCIT (Appeals)/Addl.CIT (Appeals)

June 7, 2023 3594 Views 0 comment Print

Explore e-Appeals Scheme, 2023 launched by CBDT and gain insights into related joint and additional commissioner appointments across India.

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