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Blog, News, GST & Customs

July 30, 2022

ITC can’t be claimed in respect of tax invoice issued in FY 20-21 for rental service supplied in FY 18-19: AAR

Case Details: Authority for Advance … Continue reading “ITC can’t be claimed in respect of tax invoice issued in FY 20-21 for rental service supplied in FY 18-19: AAR”

Blog, News, GST & Customs

July 30, 2022

Re-counting of stock not allowed if discrepancy was admitted during search: HC

Case Details: Sanjay Trading Company … Continue reading “Re-counting of stock not allowed if discrepancy was admitted during search: HC”

Blog, News, Company Law

July 30, 2022

SEBI extends timeline for implementation of direct transaction in ETFs through AMCs

Circular no. SEBI/HO/IMD/DF2/CIR/P/2022/102, Dated: 28.07.2022 … Continue reading “SEBI extends timeline for implementation of direct transaction in ETFs through AMCs”

News, Blog, Insolvency and Bankruptcy Code

July 30, 2022

Govt. notifies list of persons appointed as ‘Judicial Members’ & ‘Technical Members’ in the NCLAT

Notification no. S.O. 3462(E), Dated: … Continue reading “Govt. notifies list of persons appointed as ‘Judicial Members’ & ‘Technical Members’ in the NCLAT”

Blog, News, FEMA & Banking

July 30, 2022

RBI extends timeline for submission of applications for authorisation by Payment Aggregators

Circular no. RBI/2022-23/94 CO.DPSS.POLC.No.S-761/02-14-008/2022-23, Dated: … Continue reading “RBI extends timeline for submission of applications for authorisation by Payment Aggregators”

Blog, News, Insolvency and Bankruptcy Code

July 30, 2022

Petitioner was liable to deposit arrears of lease rent to GNIDA as he stepped into shoes of corporate debtor: HC

Case Details: Palika Towns LLP … Continue reading “Petitioner was liable to deposit arrears of lease rent to GNIDA as he stepped into shoes of corporate debtor: HC”

Blog, News, Income Tax

July 30, 2022

Income Tax Department conducts search operations on group based in Tamil Nadu

  Press Release, dated 28-07-2022 … Continue reading “Income Tax Department conducts search operations on group based in Tamil Nadu”

Blog, News, Income Tax

July 30, 2022

No penalty for non-deduction of tax at year-end if amount payable to payees wasn’t identifiable: ITAT

Case Details: ACIT v. Parsons … Continue reading “No penalty for non-deduction of tax at year-end if amount payable to payees wasn’t identifiable: ITAT”

News, Blog, Company Law

July 29, 2022

[Opinion] Whether related parties are prohibited to vote on resolution for rescinding material RPT?

[2022] 140 taxmann.com 589 (Article) … Continue reading “[Opinion] Whether related parties are prohibited to vote on resolution for rescinding material RPT?”

Blog, News, Income Tax

July 29, 2022

HC validates issue of Sec. 148 notice as income in Form 26AS is higher than income disclosed in P&L account

Case Details: Distributors India C … Continue reading “HC validates issue of Sec. 148 notice as income in Form 26AS is higher than income disclosed in P&L account”