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Blog, News, GST & Customs

April 26, 2024

[Opinion] No Payment of Interest on Late Filing of GSTR-3B if Tax is Deposited in Electronic Cash Ledger Within Due Dates

CA Rajesh Kumar Khandelwal – … Continue reading “[Opinion] No Payment of Interest on Late Filing of GSTR-3B if Tax is Deposited in Electronic Cash Ledger Within Due Dates”

Blog, News, GST & Customs

April 26, 2024

HC Remanded Matter Since Dept. Disallowed ITC for Not Showing Bank Payment Proof of Invoices Without Demanding It

Case Details: Amit Upadhyay (Proprietor … Continue reading “HC Remanded Matter Since Dept. Disallowed ITC for Not Showing Bank Payment Proof of Invoices Without Demanding It”

Blog, News, Income Tax

April 26, 2024

AO Can’t Question Valuation Done by Stamp Duty Authority While Invoking Provisions of Section 43CA | ITAT

Case Details: Sharnam Realities (P.) … Continue reading “AO Can’t Question Valuation Done by Stamp Duty Authority While Invoking Provisions of Section 43CA | ITAT”

News, Blog, Insolvency and Bankruptcy Code

April 26, 2024

CD is Solely Responsible for Repayment After Failed Barter Agreement, AA Rightly Admitted CIRP Plea | NCLAT

Case Details: Mukund Rajhans v. … Continue reading “CD is Solely Responsible for Repayment After Failed Barter Agreement, AA Rightly Admitted CIRP Plea | NCLAT”

Blog, News, GST & Customs

April 25, 2024

Appellate Authority Should Entertain Appeal of Assessee Who Failed to Attend Hearing as His Residence Was Shifted | HC

Case Details: Johnson Bevisedmond v. … Continue reading “Appellate Authority Should Entertain Appeal of Assessee Who Failed to Attend Hearing as His Residence Was Shifted | HC”

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April 25, 2024

Bombay HC Quashed SCN Issued to Levy GST on Ocean Freight on FOB Contracts

Case Details: Agarwal Coal Corporation … Continue reading “Bombay HC Quashed SCN Issued to Levy GST on Ocean Freight on FOB Contracts”

Blog, News, Income Tax

April 25, 2024

CBDT Notifies ‘Shree Ramanuj Kot Laxmi Venkatesh Mandir’ for Purposes of Sec. 80G Exemption

Notification No. 40/2024, dated 23-04-2024 … Continue reading “CBDT Notifies ‘Shree Ramanuj Kot Laxmi Venkatesh Mandir’ for Purposes of Sec. 80G Exemption”

Blog, News, Income Tax

April 25, 2024

Settlement Commission is Empowered to Levy Penalty for Concealment of Income | HC

Case Details: Rajendra Prasad Agarwal … Continue reading “Settlement Commission is Empowered to Levy Penalty for Concealment of Income | HC”

Blog, News, FEMA & Banking

April 25, 2024

RBI Issues Master Directions on ‘Asset Reconstruction Companies’

Master Direction No. RBI/DOR/2024-25/116 DoR.FIN.REC.16/26.03.001/2024-25; … Continue reading “RBI Issues Master Directions on ‘Asset Reconstruction Companies’”

Blog, News, FEMA & Banking

April 25, 2024

RBI Allows Small Finance Banks to Deal in Permissible Rupee Interest Rate Derivative Products

Circular No. RBI/2024-25/23 DOR.MRG.REC.15/00.00.018/2024-25; Dated: … Continue reading “RBI Allows Small Finance Banks to Deal in Permissible Rupee Interest Rate Derivative Products”