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Blog, News, FEMA & Banking

March 6, 2024

Govt. Permits 100% FDI Under Automatic Route for Satellite Component Manufacturing in India

Press Note No. 1, Dated: … Continue reading “Govt. Permits 100% FDI Under Automatic Route for Satellite Component Manufacturing in India”

News, Blog, FEMA & Banking

March 6, 2024

RBI Approves of Amalgamation of ‘Fincare Small Finance Bank Ltd’ With ‘AU Small Finance Bank Ltd’

Press Release No. 2023-2024/1995; Dated: … Continue reading “RBI Approves of Amalgamation of ‘Fincare Small Finance Bank Ltd’ With ‘AU Small Finance Bank Ltd’”

Blog, News, FEMA & Banking

March 6, 2024

RBI Directs ‘IIFL Finance Ltd’ to Cease and Desist from Sanctioning or Disbursing Gold Loans

Press Release No. 2023-2024/1994; Dated: … Continue reading “RBI Directs ‘IIFL Finance Ltd’ to Cease and Desist from Sanctioning or Disbursing Gold Loans”

Blog, News, Income Tax

March 6, 2024

Tax Dept. Urges Taxpayers to File Updated ITRs for Specified Financial Transaction Mismatches for AY 2021-22

Press Release, dated 04-03-2024 The … Continue reading “Tax Dept. Urges Taxpayers to File Updated ITRs for Specified Financial Transaction Mismatches for AY 2021-22”

Blog, News, International Tax

March 6, 2024

No Denial of DTAA Benefit Just Because Assessee’s Mobile No. Was Found to Be a Fraud on ‘Truecaller’ | ITAT

Case Details: Abu Dhabi Investment … Continue reading “No Denial of DTAA Benefit Just Because Assessee’s Mobile No. Was Found to Be a Fraud on ‘Truecaller’ | ITAT”

News, Blog, GST & Customs

March 6, 2024

Gujarat HC Direct GST Dept. to Pass Revision Order u/s 108 Against Cancellation of GST Without Giving Reasons

Case Details: Teszla Multi Trade … Continue reading “Gujarat HC Direct GST Dept. to Pass Revision Order u/s 108 Against Cancellation of GST Without Giving Reasons”

Blog, News, GST & Customs

March 6, 2024

Matter to Be Remanded Back Since 36% GST Instead of 18% Levied Because Financials Didn’t Reflect State-Wise Turnover | HC

Case Details: Tvl. Future General … Continue reading “Matter to Be Remanded Back Since 36% GST Instead of 18% Levied Because Financials Didn’t Reflect State-Wise Turnover | HC”

Blog, News, FEMA & Banking

March 6, 2024

Borrower’s Plea Based on a False Claims Preventing Bank From Taking Possession of Secured Assets Was to Be Dismissed | HC

Case Details: Siba International v. … Continue reading “Borrower’s Plea Based on a False Claims Preventing Bank From Taking Possession of Secured Assets Was to Be Dismissed | HC”

News, Blog, Insolvency and Bankruptcy Code

March 6, 2024

Inclusion of Mortgaged Property in Liquidation Estate Was Right As Applicant Didn’t Comply With Reg. 21A Requirements

Case Details: Phoenix ARC Pvt … Continue reading “Inclusion of Mortgaged Property in Liquidation Estate Was Right As Applicant Didn’t Comply With Reg. 21A Requirements”

Blog, News, GST & Customs

March 6, 2024

Dept. Can’t Cancel Registration on Ground That Firm Not Found During Physical Verification Without Hearing Assessee | HC

Case Details: Rane Brake Lining … Continue reading “Dept. Can’t Cancel Registration on Ground That Firm Not Found During Physical Verification Without Hearing Assessee | HC”