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Blog, News, GST & Customs

August 6, 2024

[Opinion] Probable Effect of Section 128A of the CGST Act – Litigation Reduced or Produced?

Bhupendran Sridhar – [2024] 165 … Continue reading “[Opinion] Probable Effect of Section 128A of the CGST Act – Litigation Reduced or Produced?”

Blog, News, GST & Customs

August 6, 2024

HC Remanded Matter as ITC Was Denied for Mismatch Between GSTR-3B & GSTR-2A Without Asking for Certificates From Supplier

Case Details: Kali Aerated Water … Continue reading “HC Remanded Matter as ITC Was Denied for Mismatch Between GSTR-3B & GSTR-2A Without Asking for Certificates From Supplier”

News, Blog, Income Tax

August 6, 2024

HC Quashed Reassessment Notice Issued by JAO Without Conducting Faceless Assessment as Envisaged u/s 144B

Case Details: Jasjit Singh v. … Continue reading “HC Quashed Reassessment Notice Issued by JAO Without Conducting Faceless Assessment as Envisaged u/s 144B”

Blog, News, FEMA & Banking

August 6, 2024

Director Other Than MD Isn’t Vicariously Criminally Liable u/s 50 of NHB Act Unless Responsible for Co.’s Operation

Case Details: National Housing Bank … Continue reading “Director Other Than MD Isn’t Vicariously Criminally Liable u/s 50 of NHB Act Unless Responsible for Co.’s Operation”

Blog, News, FEMA & Banking

August 5, 2024

Appellant’s Plea to Cross-Examine Witnesses in Forex Manipulation Case Denied as Statements Were Backed by Evidence

Case Details: Suresh Saluja @ … Continue reading “Appellant’s Plea to Cross-Examine Witnesses in Forex Manipulation Case Denied as Statements Were Backed by Evidence”

News, Blog, Company Law

August 5, 2024

SEBI Exempts University Funds and University-Related Endowments From Making Additional Disclosures by FPIs

Circular No. SEBI/HO/AFD/AFD-POD-2/P/CIR/2024/104; Dated: 01.08.2024 … Continue reading “SEBI Exempts University Funds and University-Related Endowments From Making Additional Disclosures by FPIs”

Blog, News, Company Law

August 5, 2024

SEBI Amends MF Regulations | Directs AMCs to Put in Place a Mechanism for Identification and Deterrence of Market Abuse

Notification No. SEBI/LAD-NRO/GN/2024/197; Dated: 01.08.2024 … Continue reading “SEBI Amends MF Regulations | Directs AMCs to Put in Place a Mechanism for Identification and Deterrence of Market Abuse”

Blog, News, Account & Audit

August 5, 2024

ICAI Invites Public Comments on Recent IASB Exposure Drafts

IASB is an independent, private-sector … Continue reading “ICAI Invites Public Comments on Recent IASB Exposure Drafts”

News, Blog, Income Tax

August 5, 2024

CBDT Specifies Situations Where Enquiries/Verification Tasks by Verification Unit Not to Be Communicated Electronically

F. No. 1871712024-ITA-I, dated 01-08-2024 … Continue reading “CBDT Specifies Situations Where Enquiries/Verification Tasks by Verification Unit Not to Be Communicated Electronically”

Blog, News, Income Tax

August 5, 2024

AO to Record Specific Finding That Undisclosed Income Was Based on Tangible Material Before Levying Penalty u/s 271AAA

Case Details: Ajay Kumar Sood … Continue reading “AO to Record Specific Finding That Undisclosed Income Was Based on Tangible Material Before Levying Penalty u/s 271AAA”