SEBI Outlines Procedures for Demat/Crediting of Units by AIFs When Investors Haven’t Provided Demat Account Details

Circular SEBI/HO/AFD/PoD1/CIR/2023/186, dated 11/12/2023 In … Continue reading “SEBI Outlines Procedures for Demat/Crediting of Units by AIFs When Investors Haven’t Provided Demat Account Details”

GST Evasion of Rs. 344.57 Crores Detected & Rs. 621.56 Crores Recovered Against Lottery Distributors | Press Release

Press Release dated December 11th, … Continue reading “GST Evasion of Rs. 344.57 Crores Detected & Rs. 621.56 Crores Recovered Against Lottery Distributors | Press Release”

Validity of SCN Can’t be Challenged Merely Because SCN Issued Did Not Refer to a Particular Statutory Provision | HC

Case Details: Global Plasto Wares … Continue reading “Validity of SCN Can’t be Challenged Merely Because SCN Issued Did Not Refer to a Particular Statutory Provision | HC”

Sale of Agricultural Land Not Taxable Though Purchaser Changed Land Use From Agriculture to Non-agriculture | ITAT

Case Details: Hiten Tulshibhai Engineer … Continue reading “Sale of Agricultural Land Not Taxable Though Purchaser Changed Land Use From Agriculture to Non-agriculture | ITAT”

SAT Reduces the Penalty Imposed on Broker, as Failure to Update the Nomenclature of Client’s Bank Accounts Constitutes a Technical Breach

Case Details: [2023] 157 taxmann.com … Continue reading “SAT Reduces the Penalty Imposed on Broker, as Failure to Update the Nomenclature of Client’s Bank Accounts Constitutes a Technical Breach”

Special Audit is Valid If Its Approval Considers Assessee’s Response, Revenue Comments, and Includes Hearing Opportunity

Case Details: Jabalpur Development Authority … Continue reading “Special Audit is Valid If Its Approval Considers Assessee’s Response, Revenue Comments, and Includes Hearing Opportunity”