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Blog, News, FEMA & Banking

May 7, 2024

Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation

Case Details: M/s Shell India … Continue reading “Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation”

Blog, News, GST & Customs

May 7, 2024

Tax Demand Could Not Be Confirmed Without Providing Opportunity of Personal Hearing to Assessee | HC

Case Details: Sanjai Gandhi v. … Continue reading “Tax Demand Could Not Be Confirmed Without Providing Opportunity of Personal Hearing to Assessee | HC”

Blog, News, GST & Customs

May 7, 2024

AO Can’t Hold That Reply of SCN Was Insufficient Without Examining Documents Submitted by Assessee | HC

Case Details: A. B. Traders … Continue reading “AO Can’t Hold That Reply of SCN Was Insufficient Without Examining Documents Submitted by Assessee | HC”

Blog, News, Transfer Pricing

May 7, 2024

NR Not Eligible to Approach DRP if He Was Declared as Resident by AO During Draft Assessment Proceedings

Case Details: Aldrin Alberto Araujo … Continue reading “NR Not Eligible to Approach DRP if He Was Declared as Resident by AO During Draft Assessment Proceedings”

News, Blog, Income Tax

May 7, 2024

CBDT Releases Guidelines for Compulsory Selection of Returns for Complete Scrutiny During FY 2024-25

Notification F.No.225/72/2024IITA-II, dated 03-05-2024 The … Continue reading “CBDT Releases Guidelines for Compulsory Selection of Returns for Complete Scrutiny During FY 2024-25”

Blog, Weekly Round-up

May 7, 2024

Weekly Round-up on Tax and Corporate Laws | 29th April to 4th May 2024

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 29th April to 4th May 2024”

Blog, News, GST & Customs

May 6, 2024

HC Stays CBIC Circular on Corporate Guarantee; Allows Authority to Decide Case Without Being Influenced by Clarification

Case Details: M/S Acme Cleantech … Continue reading “HC Stays CBIC Circular on Corporate Guarantee; Allows Authority to Decide Case Without Being Influenced by Clarification”

News, Blog, Income Tax

May 6, 2024

Payment Made to Agricultural Board for Development Works on Assessee’s Behalf Allowable as Application of Income

Case Details: Market Committee v. … Continue reading “Payment Made to Agricultural Board for Development Works on Assessee’s Behalf Allowable as Application of Income”

Blog, News, Income Tax

May 6, 2024

[Opinion] Section 170A | Effect of Order of Tribunal or Court in Respect of Business Reorganization

CA Amarbir Singh Walia – … Continue reading “[Opinion] Section 170A | Effect of Order of Tribunal or Court in Respect of Business Reorganization”

Blog, News, GST & Customs

May 6, 2024

[Opinion] The Verdict Under Scrutiny | The Saga of Madras High Court Decision for GST on Hostels

CA Yash Shah – [2024] … Continue reading “[Opinion] The Verdict Under Scrutiny | The Saga of Madras High Court Decision for GST on Hostels”