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Highlights Highlights, Income Tax, GST, Import Eport and Corporate Laws

Tightening Index Options Rules for Investor Safety and Market Stability.
October 3, 2024   Circulars     SEBI

Here is a concise tweet-like title representing the legal matter: SEBI revises stress testing for equity derivatives settlement funds; new methodologies, clearing corp categorization.
October 3, 2024   Circulars     SEBI

Revised guidelines for admitting refund claims and carrying forward losses in Income Tax.
October 3, 2024   Circulars     Income Tax

Foreign Exchange Violations: Path to Compounding under FEMA.
October 3, 2024   Circulars     FEMA

Interest equalisation scheme extended until Dec 2024 with Rs 50L cap on MSMEs for FY24-25.
October 3, 2024   Circulars     DGFT

Cheque dishonour led to conviction under NI Act. Witness competent despite SPA. Presumption favoured complainant upon admitted signatures.
October 3, 2024   Case Laws     Indian Laws

Appellant allowed to take distributed CENVAT credit from ISD on intellectual property service.
October 3, 2024   Case Laws     Service Tax

Refund claims for unutilized Krishi Kalyan Cess credits rejected under GST transition rules.
October 3, 2024   Case Laws     Service Tax

Laundered proceeds from scheduled crimes are criminal property, including foreign assets. Firms prosecutable for money laundering.
October 3, 2024   Case Laws     Money Laundering

Personal guarantors defaulted on repayment plan; NCLT/NCLAT upheld premature end of IRP under IBC.
October 3, 2024   Case Laws     IBC

State Law Protecting Depositors Overrides Central Bankruptcy Code.
October 3, 2024   Case Laws     IBC

Importer correctly declared neurosurgery microscope; Department changed classification later - Tribunal set aside penalty.
October 3, 2024   Case Laws     Customs

Arecanut import from Pakistan denied concessional duty due to non-fulfillment of Rules criteria.
October 3, 2024   Case Laws     Customs

Customs drawback demand: Court halts proceedings, awaits Revisional Authority's decision.
October 3, 2024   Case Laws     Customs

HC quashes Customs order rejecting conversion of shipping bills to drawback bills; strikes down time limit in Circular 36/2010.
October 3, 2024   Case Laws     Customs

Trust's cash deposits taxability due to lack of 12A reg. & evidence for hostel receipts.
October 3, 2024   Case Laws     Income Tax

Foreign company's share transfer not taxable in India as immovable property value below 50% & no controlling interest.
October 3, 2024   Case Laws     Income Tax

Cash book redrawing, credit card additions upheld; notice validity confirmed despite non-communication of case transfer.
October 3, 2024   Case Laws     Income Tax

Depreciation claim for prior period allowed; TDS non-examination remanded by tribunal in tax assessment case.
October 3, 2024   Case Laws     Income Tax

Tenant's mere right to stay doesn't constitute property transfer u/s 56(2)(x).
October 3, 2024   Case Laws     Income Tax

Improper reopening of assessment based on unverified info, procedural lapses. AO failed to follow due process.
October 3, 2024   Case Laws     Income Tax

Scrutinizing Futility: When Reassessment Meets Minimum Tax.
October 3, 2024   Case Laws     Income Tax

High Court backs Tribunal's decision to overlook delay in filing Form 10B, rejects Revenue's reliance on Wipro judgment.
October 3, 2024   Case Laws     Income Tax

Taxpayer wins right to carry forward MAT credit for DTVSV scheme refund calculation.
October 3, 2024   Case Laws     Income Tax

Appellate tribunal upholds partial disallowance for bogus purchases via sham transactions.
October 3, 2024   Case Laws     Income Tax

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Unraveling the Mineral Rights Regime: The Supreme Court's Landmark Judgment
Navigating the Faceless Assessment Regime: A Judicial Perspective
Evidentiary Value of Statements Recorded During Income Tax Surveys: A Judicial Analysis
Faceless Assessment: Ensuring Compliance with Statutory Provisions
Faceless Assessment Mechanism: Jurisdictional Limits in Income Tax Proceedings
Reassessment Notices for AY 2013-14: Upholding the Doctrine of Limitation
Principles of Tax Fairness and Mens Rea: Quashes Penalty for Mere Technical Errors
Decoding the Mandatory Timelines: A Thorough Examination of the Income Tax Assessment Order Nullification
Expiry of E-Way Bill AND Mens Rea: Technical Violation Alone Insufficient for Penalty Imposition
Maintainability of Appeals: High Court Upholds Strict Interpretation of Limitation Provisions in GST Act
Stay of Tax Demand: Interpreting the Discretionary Power u/s 220(6) of the Income Tax Act
Interpreting "Technical Services" under Tax Treaties: A Comprehensive Analysis
Interpreting "Or": The Disjunctive Mandate for Personal Hearing in Tax Matters
Navigating the Registration Process u/s 80G: Insights from the ITAT Ruling
Ensuring Fair Proceedings: The Importance of Proper Notice Service in Income Tax Matters
Demarcating Authority: High Court Clarifies Jurisdictional Limits of GST Officers
Unraveling the Royalty Conundrum and DTAA: ITAT's Stance on Marketing and Reservation Fees
Royalty or Not? Decoding the Taxability of Marketing and Reservation Contributions under India-USA DTAA
Unraveling the Intricacies: Assessing a Political Party's Claim for Income Tax Exemption
Bogus Capital Gains and Accommodation Entries: Unraveling the Penny Stock Scam and Tax Evasion
Strict Interpretation of Exemption Provisions: Supreme Court's Ruling on Section 10B(8) of the Income Tax Act
Disallowance u/s 14A: Prospective or Retrospective Effect of the Amendment?
Navigating the Complexities of "Charitable Purpose" in Income Tax Exemptions
Cooperative Banks vs. Primary Agricultural Credit Societies: Implications for Section 80P Deduction
Exemption u/s 11: Condonation of Delay in Filing Form 10

More Notes

Notifications Notifications

FTP

- Streamlining of Halal Certification Process for Meat and Meat Products
October 1, 2024

FTP

- Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 31st December 2024
October 1, 2024

IT

- U/s 138(1) of IT Act 1961 - Central Government specifies Principal Secretary to Government & Chairman, Odisha Computer Application Centre (OCAC), Department of Electronics & Information Technology (E&IT), Government of Odisha
October 1, 2024

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
September 30, 2024

Cus

- Seeks to amend the various Customs notifications in order to align the HS Codes of the said notifications with the Finance Act, 2024, w.e.f. 01.10.2024
September 30, 2024

IT

- Procedure for making declaration and furnishing undertaking in Form-1 under Rule 4 of The Direct Tax Vivad Se Vishwas Rules, 2024
September 30, 2024

FTP

- Extension of RoDTEP scheme for exports made from DTA Units and AA/EOU/SEZ Units
September 30, 2024

CGST

- Central Government, on the recommendations of the Goods and Services Tax Council, will terminate the acceptance of requests by the Competition Commission of India (CCI) or Appellate Tribunal regarding Input Tax Credit and Pricing Impact effective April 1, 2025.
September 30, 2024

CGST

- Central Government, on the recommendations of the Goods and Services Tax Council, empowers the Principal Bench of the Appellate Tribunal to assess Impact of Input Tax Credits and Tax Rate Reductions on Pricing.
September 30, 2024

Co. Law

- Companies (Indian Accounting Standards) Third Amendment Rules, 2024.
September 28, 2024

FTP

- Amendment in Export Policy of Non-Basmati White rice under HS code 1006 30 90.
September 28, 2024

Cus

- Seeks to amend Export Duty on Certain Varieties of rice
September 27, 2024

CGST

- Seeks to bring in force provision of various sections of Finance (No. 2) Act, 2024
September 27, 2024

ADD

- Seeks to impose definitive anti dumping duty on the imports of “Isobutylene-Isoprene Rubber (‘IIR’)” originating in, or exported from People’s Republic of China, Russia, Saudi Arabia, Singapore and United States of America and imported into India for a period of five years
September 27, 2024

ADD

- Seeks to impose anti-dumping duty on imports of “Anodized Aluminium Frames for Solar Panels/Modules” originating in or exported from China PR.
September 27, 2024

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

SEBI

- Measures to Strengthen Equity Index Derivatives Framework for Increased Investor Protection and Market Stability
October 1, 2024

SEBI

- Review of Stress Testing Framework for Equity Derivatives segment for determining the corpus of Core Settlement Guarantee Fund (Core SGF)
October 1, 2024

FEMA

- Compounding of Contraventions under FEMA, 1999
October 1, 2024

Income Tax

- Order authorizing Income-tax authorities to admit an application or claim for refund and carry forward of loss and set off thereof under section 119(2)(b) of the Income-tax Act, 1961
October 1, 2024

DGFT

- Extension of Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit for three months beyond 30th September, 2024.
September 30, 2024

Customs

- Digitization of Customs Bonded Warehouse procedures relating to obtaining Warehouse License, Bond to Bond Movement of warehoused goods, and uploading of Monthly Returns
September 30, 2024

Income Tax

- Extension of time lines for filing of various reports of audit for the Assessment Year 2024-25
September 29, 2024

DGFT

- Allocation of quantity 5841 MT of Sugar by EU for export from India under TRQ for the year 2024-25 (October 2024 to September 2025)
September 27, 2024

SEBI

- Reduction in the timeline for listing of debt securities and Non-convertible Redeemable Preference Shares to T+3 working days from existing T + 6 working days (as an option to issuers for a period of one year and on a permanent basis thereafter such that all listings occur on a T+3 basis)
September 26, 2024

SEBI

- Operational Guidelines for Foreign Venture Capital Investors (FVCIs) and Designated Depository Participants (DDPs)
September 26, 2024

Customs

- Order for extension of validity of CAVR Order No. 01/2023-Customs under the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules. 2023 in respect of Linear Alkyl Benzene
September 25, 2024

SEBI

- Parameters for Performance Evaluation of Market Infrastructure Institutions
September 24, 2024

SEBI

- Usage of UPI by individual investors for making an application in public issue of securities through intermediaries
September 24, 2024

DGFT

- Procedure for implementation of DGFT Notification no. 23/2023 dated 03.08.2023; 26/2023 dated 04.08.2023; 38/2023 dated 19.10.2023; and Policy circular no. 06/2023-24 dated 19.10.2023 beyond 30.09.2024
September 24, 2024

Customs

- Classification of laboratory chemicals
September 23, 2024

More Circulars

News News, PIB

Commerce and Industry Minister Shri Piyush Goyal and US Secretary of Commerce Ms. Gina Raimondo co-chair India-U.S. CEO Forum
October 3, 2024


NICDC’s Logistics Data Bank achieves milestone of tracking 75 Million containers
October 3, 2024


Commerce and Industry Minister Shri Piyush Goyal interacts with business leaders and investors in New York
October 3, 2024


Prime Minister Shri Narendra Modi to participate in Kautilya Economic Conclave on 4th October 2024
October 3, 2024


Advisory: GSTN e-Services App to Replace e-Invoice QR Code Verifier App Shortly
October 3, 2024


Gross and Net GST revenue collections for the month of Sep, 2024
October 3, 2024


Insolvency and Bankruptcy Board of India celebrates its Eighth Annual Day
October 3, 2024


CCI approves acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd.
October 3, 2024


Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting to review performance of 7 Regional Rural Banks (RRBs) of the North East Region in Itanagar
October 1, 2024


CBDT extends specified date for filing of various reports of audit for the Assessment Year 2024-25
September 30, 2024


Monthly Review of Accounts of Government of India upto August, 2024 (FY2024-25)
September 30, 2024


Governance in SFBs - Driving Sustainable Growth and Stability (Keynote Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - September 27, 2024 - at the Conference of Directors of Small Finance Banks in Bengaluru)
September 30, 2024


IBBI to celebrate its Eighth Annual Day tomorrow
September 30, 2024


Restoration of GST Returns data on Portal
September 30, 2024


Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Odisha
September 30, 2024


More News

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Jiva Seva is Shiva Seva:
Service to humanity is Service to God

May I be born again and again, and suffer thousands of miseries so that I may worship the only God that exists, the only God I believe in, the sum total of all souls—and above all, my God the wicked, my God the miserable, my God the poor of all races, of all species, is the special object of my worship.

- Swami Vivekananda, CW, 5:137

 

 

 

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