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Blog, Income Tax, News

December 8, 2022

A transaction can’t be treated as Benami if alleged beneficial owner is actually the joint owner of property: ITAT

Case Details: ACIT v. Tupelo … Continue reading “A transaction can’t be treated as Benami if alleged beneficial owner is actually the joint owner of property: ITAT”

Blog, Income Tax, News

December 8, 2022

[Opinion] Perplexity on claim of Foreign Tax Credit of State taxes paid in countries with which India has DTAA

Deepak Goel – [2022] 145 … Continue reading “[Opinion] Perplexity on claim of Foreign Tax Credit of State taxes paid in countries with which India has DTAA”

Blog, GST & Customs, News

December 8, 2022

HC dismissed writ against non-service of order cancelling GST registration being disputed question of fact

Case Details: Uma Shree Tour … Continue reading “HC dismissed writ against non-service of order cancelling GST registration being disputed question of fact”

Blog, GST & Customs, News

December 8, 2022

[Opinion] GSTR 9 and 9C – Optional to Mandatory reporting in FY 2021-22

Ritesh Jain – [2022] 145 … Continue reading “[Opinion] GSTR 9 and 9C – Optional to Mandatory reporting in FY 2021-22”

Blog, FEMA & Banking, News

December 8, 2022

Govt. permits use of ‘e-KYC setu system’ to perform authentication under Aadhaar

Notification No. S.O. 5683(E)., Dated … Continue reading “Govt. permits use of ‘e-KYC setu system’ to perform authentication under Aadhaar”

Blog, FEMA & Banking, News

December 8, 2022

RBI increases repo rate under LAF by 35 basis points to 6.25%

Press Release: 2022-2023/1320, Dated 07.12.2022 … Continue reading “RBI increases repo rate under LAF by 35 basis points to 6.25%”

Blog, Company Law, News

December 8, 2022

Now SEBI may relax strict enforcement of LODR norms if a plea is made by Govt. w.r.t disinvestment in listed entities

Notification No. SEBI/LAD-NRO/GN/2022/109., Dated 05.12.2022 … Continue reading “Now SEBI may relax strict enforcement of LODR norms if a plea is made by Govt. w.r.t disinvestment in listed entities”

Blog, GST & Customs, News

December 7, 2022

18% GST leviable on body building of commercial vehicles on chassis belonging to customer: AAR

Case Details: Authority for Advance … Continue reading “18% GST leviable on body building of commercial vehicles on chassis belonging to customer: AAR”

Blog, GST & Customs, News

December 7, 2022

SC granted bail to applicant since investigation was complete for allegations of GST evasion

Case Details: Ratnambar Kaushik v. … Continue reading “SC granted bail to applicant since investigation was complete for allegations of GST evasion”

Blog, Insolvency and Bankruptcy Code, News

December 7, 2022

NCLT rightly admitted plea filed u/s 9 as corporate debtor failed to adhere to MOU for payment of outstanding amount

Case Details: Palaparty Abhishek v. … Continue reading “NCLT rightly admitted plea filed u/s 9 as corporate debtor failed to adhere to MOU for payment of outstanding amount”