Blog

News, Blog, FEMA & Banking

February 27, 2024

RBI Permits Authorised Banks and Non-Banks to Issue PPIs for Making Payments Across Various Public Transport Systems

Circular No. RBI/2023-24/126 CO.DPSS.POLC.No.S1092/02-14-006/2023-2024; Dated: … Continue reading “RBI Permits Authorised Banks and Non-Banks to Issue PPIs for Making Payments Across Various Public Transport Systems”

Blog, News, FEMA & Banking

February 27, 2024

Claim of Bank-Secured Creditor Would Prevail Over Claim of Sales Tax Dept.

Case Details: Madhaviben Jitendrabhai Rupareliya … Continue reading “Claim of Bank-Secured Creditor Would Prevail Over Claim of Sales Tax Dept.”

Blog, News, GST & Customs

February 27, 2024

Duty Free Shops at Airports are Liable to Pay GST on Services Availed From Airport Authority of India | HC

Case Details: Flemingo Duty Free … Continue reading “Duty Free Shops at Airports are Liable to Pay GST on Services Availed From Airport Authority of India | HC”

News, Blog, Income Tax

February 27, 2024

[Opinion] Section 264 = “Power to do Complete Justice”

Dr (CA) Hemant O Sharma, … Continue reading “[Opinion] Section 264 = “Power to do Complete Justice””

Blog, News, GST & Customs

February 27, 2024

Another Opportunity Should Be Provided If Proper Officer Was of View That Reply Was Incomplete and Further Details Required | HC

Case Details: Federal Bank Ltd. … Continue reading “Another Opportunity Should Be Provided If Proper Officer Was of View That Reply Was Incomplete and Further Details Required | HC”

Blog, News, Income Tax

February 27, 2024

Legal Heirs Aren’t Under Any Statutory Obligation to Inform IT Dept. About Death of Assessee | ITAT

Case Details: Late Smt. Bhavnaben … Continue reading “Legal Heirs Aren’t Under Any Statutory Obligation to Inform IT Dept. About Death of Assessee | ITAT”

Blog, News, FEMA & Banking

February 24, 2024

RBI Includes ‘Clearing Corporation of India Ltd’ as a Financial Information Provider Under Account Aggregator Framework

Circular No. RBI/2023-24/125 DoR.FIN.REC.77/03.10.123/2023-24; Dated: … Continue reading “RBI Includes ‘Clearing Corporation of India Ltd’ as a Financial Information Provider Under Account Aggregator Framework”

Blog, News, FEMA & Banking

February 24, 2024

Govt. Extends Interest Equalization Scheme for Pre and Post-Shipment Rupee Export Credit Upto June 30, 2024 | RBI to Banks

Circular No. RBI/2023-24/124 DOR.STR.REC.78/04.02.001/2023-24; Dated: … Continue reading “Govt. Extends Interest Equalization Scheme for Pre and Post-Shipment Rupee Export Credit Upto June 30, 2024 | RBI to Banks”

Blog, News, FEMA & Banking

February 24, 2024

India Opens Up 100% FDI Under Automatic Route in the Field of Satellite Component Manufacturing

Press Release; Dated: 21.02.2024 The … Continue reading “India Opens Up 100% FDI Under Automatic Route in the Field of Satellite Component Manufacturing”

Blog, News, Insolvency and Bankruptcy Code

February 24, 2024

IBBI Prescribes a Format for Withdrawal from ‘Corporate liquidation Account’ for Onward Distribution to Stakeholders

Circular No. IBBI/LIQ/69/2024; Dated: 22.02.2024 … Continue reading “IBBI Prescribes a Format for Withdrawal from ‘Corporate liquidation Account’ for Onward Distribution to Stakeholders”