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Blog, News, GST & Customs

February 28, 2025

Builder Cannot Deduct GST From Refund of Booking Amount if No Such Clause Exists in Sale Agreement | HC

Case Details: Emerald Haven Realty … Continue reading “Builder Cannot Deduct GST From Refund of Booking Amount if No Such Clause Exists in Sale Agreement | HC”

Blog, News, Company Law

February 28, 2025

SEBI Rightly Barred Appellant From Securities Market for a Year & Imposed a Penalty for Trading in Biocon Scrip Using UPSI | SAT

Case Details: Kunal Ashok Kashyap … Continue reading “SEBI Rightly Barred Appellant From Securities Market for a Year & Imposed a Penalty for Trading in Biocon Scrip Using UPSI | SAT”

Blog, News, Income Tax

February 28, 2025

HC Justified Retention of Cash Seized During Search as Assessee Raised His Claim for Return of Money After a Month

Case Details: Kamlesh Shah vs. … Continue reading “HC Justified Retention of Cash Seized During Search as Assessee Raised His Claim for Return of Money After a Month”

Blog, News, Income Tax

February 28, 2025

Non-Registration of Trust Under State Trust Act Not a Hurdle for Registration Under Income Tax Act | ITAT

Case Details: APJ Abdul Kalam … Continue reading “Non-Registration of Trust Under State Trust Act Not a Hurdle for Registration Under Income Tax Act | ITAT”

News, Blog, Income Tax

February 27, 2025

No Fault of Revenue if Notice Wasn’t Served Upon Assessee Due to Non-Updation of Her Address in PAN Card | HC

Case Details: Srimani Basu v. … Continue reading “No Fault of Revenue if Notice Wasn’t Served Upon Assessee Due to Non-Updation of Her Address in PAN Card | HC”

Blog, News, Income Tax

February 27, 2025

Sequence of Notices u/s 142(1) and 143(2) Irrelevant if Both Served Purpose of Making Valid Assessment | HC

Case Details: Hexa Steel and … Continue reading “Sequence of Notices u/s 142(1) and 143(2) Irrelevant if Both Served Purpose of Making Valid Assessment | HC”

Blog, News, GST & Customs

February 27, 2025

Order to Be Set Aside as Appeal Was Dismissed on Account of Pre-Deposit Shortfall Without Opportunity to Rectify Shortfall | HC

Case Details: D N Polymers … Continue reading “Order to Be Set Aside as Appeal Was Dismissed on Account of Pre-Deposit Shortfall Without Opportunity to Rectify Shortfall | HC”

Blog, News, FEMA & Banking

February 27, 2025

Petitioner Can’t Be Held Liable for Dishonour u/s 138 of NI Act as He Wasn’t a Director of Accused Company, Drawer of Cheque | HC

Case Details: Sanjay Dhingra v. … Continue reading “Petitioner Can’t Be Held Liable for Dishonour u/s 138 of NI Act as He Wasn’t a Director of Accused Company, Drawer of Cheque | HC”

Blog, News, FEMA & Banking

February 27, 2025

RBI Restores Risk Weights on SCB Exposures to NBFCs as per External Ratings, Effective April 1, 2025

Circular No. RBI/2024-25/120 DOR.STR.REC.61/21.06.001/2024-25, Dated: … Continue reading “RBI Restores Risk Weights on SCB Exposures to NBFCs as per External Ratings, Effective April 1, 2025”

Blog, News, Company Law

February 27, 2025

SEBI Mandates Listed Entities to Follow Industry Standards for Effective Disclosure of Material Events or Information

Circular no. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25; Dated: 25.02.2025 … Continue reading “SEBI Mandates Listed Entities to Follow Industry Standards for Effective Disclosure of Material Events or Information”