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Blog, News, Income Tax

May 3, 2024

No Sec. 263 Revision if Sec. 153A Order Was Passed After Obtaining Prior Approval of JCIT

Case Details: PCIT v. Prakhar … Continue reading “No Sec. 263 Revision if Sec. 153A Order Was Passed After Obtaining Prior Approval of JCIT”

Blog, News, GST & Customs

May 3, 2024

HC Quashed Order Since AO Didn’t Ask Petitioner to Furnish Further Documents if Reply Was Found Unsatisfactory

Case Details: Biba Fashion Ltd. … Continue reading “HC Quashed Order Since AO Didn’t Ask Petitioner to Furnish Further Documents if Reply Was Found Unsatisfactory”

Blog, News, Income Tax

May 3, 2024

[Opinion] The Phrase’ Genuine Hardship’ Deserves Liberal Interpretation

V K Subramani – [2024] … Continue reading “[Opinion] The Phrase’ Genuine Hardship’ Deserves Liberal Interpretation”

News, Blog, Company Law

May 3, 2024

[Opinion] Failure to File Return of Allotment in E-Form PAS-3 Results in Severe Penalties for the Company and Its Directors

Prof R Balakrishnan – [2024] … Continue reading “[Opinion] Failure to File Return of Allotment in E-Form PAS-3 Results in Severe Penalties for the Company and Its Directors”

Blog, News, FEMA & Banking

May 3, 2024

Petitioner’s Status as an Authorized Signatory Isn’t Sufficient to Invoke Vicarious Liability for the Offence u/s 138 of the NI Act

Case Details: Mrs. Mithlesh Gupta … Continue reading “Petitioner’s Status as an Authorized Signatory Isn’t Sufficient to Invoke Vicarious Liability for the Offence u/s 138 of the NI Act”

Blog, News, FEMA & Banking

May 2, 2024

RBI Notifies Guidance Note on Operational Risk Management and Operational Resilience

Press Release No. Press Release: … Continue reading “RBI Notifies Guidance Note on Operational Risk Management and Operational Resilience”

News, Blog, FEMA & Banking

May 2, 2024

Govt. Permits ‘360 One Distribution Services Limited’ to Conduct Aadhaar Authentication Under the PMLA

Notification No. S.O. 1863(E).; Dated … Continue reading “Govt. Permits ‘360 One Distribution Services Limited’ to Conduct Aadhaar Authentication Under the PMLA”

Blog, News, Company Law

May 2, 2024

Appointment of a Dedicated Fund Manager for Commodity-based Funds Shall Be Optional | SEBI Clarifies

Circular No. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2024/30; Dated: 30.04.2024 … Continue reading “Appointment of a Dedicated Fund Manager for Commodity-based Funds Shall Be Optional | SEBI Clarifies”

News, Blog, Company Law

May 2, 2024

SEBI Provides a Framework for Unit Based Employee Benefit Schemes for Employees of Investment Manager

PR No. 8/2024; Dated: 30.04.2024 … Continue reading “SEBI Provides a Framework for Unit Based Employee Benefit Schemes for Employees of Investment Manager”

Blog, News, Account & Audit

May 2, 2024

Impact of Bonus Issue, Right Issue, and Early Redemption of Preference Share on Basic Earning Per Share

To calculate basic earnings per … Continue reading “Impact of Bonus Issue, Right Issue, and Early Redemption of Preference Share on Basic Earning Per Share”