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Blog, News, GST & Customs

May 2, 2024

State Authorities Couldn’t Initiate Fresh Proceedings if Central Authority Had Already Passed an Order on Same Issue

Case Details: Dott Services Ltd. … Continue reading “State Authorities Couldn’t Initiate Fresh Proceedings if Central Authority Had Already Passed an Order on Same Issue”

Blog, News, GST & Customs

May 2, 2024

GST Collections Breach Landmark Milestone of Rs. 2 Lakh Crores in April 2024 | Press Release

Press Release dated May 1st, … Continue reading “GST Collections Breach Landmark Milestone of Rs. 2 Lakh Crores in April 2024 | Press Release”

News, Blog, Income Tax

May 2, 2024

Rectification Order Disallowing Carry Forward of Loss Without Granting Hearing Opportunity to Assessee is Invalid | HC

Case Details: Apollo Speciality Hospitals … Continue reading “Rectification Order Disallowing Carry Forward of Loss Without Granting Hearing Opportunity to Assessee is Invalid | HC”

Blog, News, Income Tax

May 2, 2024

[Opinion] Tax Assessment of A Person Other Than The One Searched: A Deer in The Headlights -‘Cascading Effect’ Not Any Longer!!

Aseem Chawla – [2024] 162 … Continue reading “[Opinion] Tax Assessment of A Person Other Than The One Searched: A Deer in The Headlights -‘Cascading Effect’ Not Any Longer!!”

Blog, News, FEMA & Banking

May 1, 2024

RBI Releases Draft Master Directions on ‘Electronic Trading Platforms’

Press Release No. 2024-2025/211; Dated: … Continue reading “RBI Releases Draft Master Directions on ‘Electronic Trading Platforms’”

Blog, News, FEMA & Banking

May 1, 2024

RBI Directs ‘Regulated Entities’ to Review Their Practices Regarding Mode of Loan Disbursal & Application of Interest

Circular No. RBI/2024-25/30 DoS.CO.PPG.SEC.1/11.01.005/2024-25, Dated … Continue reading “RBI Directs ‘Regulated Entities’ to Review Their Practices Regarding Mode of Loan Disbursal & Application of Interest”

Blog, News, Company Law

May 1, 2024

[Opinion] Producer Company and Its Directors Penalized for Not Filing AGM Proceedings Along With Financials & Board Report

Prof R Balakrishnan – [2024] … Continue reading “[Opinion] Producer Company and Its Directors Penalized for Not Filing AGM Proceedings Along With Financials & Board Report”

Blog, News, GST & Customs

May 1, 2024

HC Directed Assessee to Respond to Only Those Issues of Fresh SCN Which Weren’t Already Decided in Previous Adjudication Order

Case Details: Jayanthi Plastics (Defunct) … Continue reading “HC Directed Assessee to Respond to Only Those Issues of Fresh SCN Which Weren’t Already Decided in Previous Adjudication Order”

Blog, News, GST & Customs

May 1, 2024

HC Dismissed Writ Challenging Notification Which Denied Appeal in Respect of Demand Not Involving Tax

Case Details: Bharat Aluminium Co. … Continue reading “HC Dismissed Writ Challenging Notification Which Denied Appeal in Respect of Demand Not Involving Tax”

News, Blog, Income Tax

May 1, 2024

No Obligation to Pay Advance Tax if There is No Taxable Income | Appeal Can’t Be Dismissed for Sec. 249(4) Non-compliance

Case Details: Vishnusharan Chandravanshi vs. … Continue reading “No Obligation to Pay Advance Tax if There is No Taxable Income | Appeal Can’t Be Dismissed for Sec. 249(4) Non-compliance”