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Blog, News, GST & Customs

September 12, 2024

HC Remanded Matter Since SCN for Cancellation Was Sent on E-mail and Assessee Didn’t Check Mails

Case Details: Somaprasanth Karampudi v. … Continue reading “HC Remanded Matter Since SCN for Cancellation Was Sent on E-mail and Assessee Didn’t Check Mails”

News, Blog, Account & Audit

September 12, 2024

Tax Audit Checklist on Clause 29 & 30 of Form 3CD Under the Income Tax Act, 1961

Tax audit plays a vital … Continue reading “Tax Audit Checklist on Clause 29 & 30 of Form 3CD Under the Income Tax Act, 1961”

Blog, News, Income Tax

September 12, 2024

[Opinion] Genesis of Intimation u/s 143(1)(a) of the Income Tax Act

P. VENKATESAN – [2024] 166 … Continue reading “[Opinion] Genesis of Intimation u/s 143(1)(a) of the Income Tax Act”

Blog, News, Income Tax

September 12, 2024

CBDT Issues Revised SOP for Handling Internal Audit Objections | Discontinues Raising Audit Observations

Instruction No. 2/2023, dated 09-09-2024 … Continue reading “CBDT Issues Revised SOP for Handling Internal Audit Objections | Discontinues Raising Audit Observations”

News, Blog, FEMA & Banking

September 12, 2024

RBI Imposes Monetary Penalty on ‘HDFC Bank Limited’ and ‘Axis Bank Limited’ for Non-compliance with RBI Directives

Press Release No. 2024-2025/1075; Dated: … Continue reading “RBI Imposes Monetary Penalty on ‘HDFC Bank Limited’ and ‘Axis Bank Limited’ for Non-compliance with RBI Directives”

Blog, News, FEMA & Banking

September 11, 2024

Writ Against ED’s Seizure of Property Over Bogus Imports Dismissed Due to Factual Disputes; Unfit for Article 226 Review | HC

Case Details: PC Financial Services … Continue reading “Writ Against ED’s Seizure of Property Over Bogus Imports Dismissed Due to Factual Disputes; Unfit for Article 226 Review | HC”

Blog, News, GST & Customs

September 11, 2024

HC Set-Aside Order as Department Didn’t Verify Financial Statements & Assessee Failed to Participate in Proceedings

Case Details: Tvl. International Construction … Continue reading “HC Set-Aside Order as Department Didn’t Verify Financial Statements & Assessee Failed to Participate in Proceedings”

Blog, News, Income Tax

September 11, 2024

[Opinion] Angel Tax Abolition | Catalyzing Start-Up Growth While Navigating Tax Evasion Concerns

Vishal Gupta & Shahrukh Kamal … Continue reading “[Opinion] Angel Tax Abolition | Catalyzing Start-Up Growth While Navigating Tax Evasion Concerns”

News, Blog, Income Tax

September 11, 2024

AO Can’t Levy Penalty for Misreporting of Income if Additions Were Made on Estimate Basis | ITAT

Case Details: VDB Infra and … Continue reading “AO Can’t Levy Penalty for Misreporting of Income if Additions Were Made on Estimate Basis | ITAT”

Blog, News, Company Law

September 11, 2024

Govt. Amends Merger Rules | Prescribes Norms for Cross-Border Deals Between Foreign Holding Company and Indian WOS

Notification No. G.S.R 555(E); Dated: … Continue reading “Govt. Amends Merger Rules | Prescribes Norms for Cross-Border Deals Between Foreign Holding Company and Indian WOS”