Tax Guru48m
Orissa HC Directs CCTV Installation in Police Stations, SOP for Armed Forces
(i) All the police stations and the police out-posts in the State of Odisha must be fully equipped with aptly placed and duly ...
Tax Guru4h
MCA imposes ₹3,00,000 for Penalty for Violation of Section 12 of Companies Act
22. Further the company and its officers are hereby direct that the penalty amount shall be remitted from their own sources ...
Tax Guru3h
Non-Appointment of CS, CFO, WTD: MCA Reduces Penalty by Rs. 62.78 Lakh
Penalty Reduced from Rs. 37,28,000 to Rs. 4,39,100 II. For Non-Appointment of Whole-Time Director: Penalty Reduced from Rs. 7 ...
Tax Guru4h
Arunachal GST Registration: Biometric Aadhaar Authentication Advisory
1. Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the common portal, based ...
Tax Guru31m
Bombay HC Directs SVLDRS-4 Issuance Despite Payment Delay
Ultimately, the court directed the Revenue to issue Form SVLDRS-4 within four weeks, reaffirming that the scheme’s purpose and fairness must take precedence over technicalities. The Hon’ble Bombay ...
Tax Guru19h
Section 149 of the Customs Act doesn’t not prescribe any time limit: CESTAT Bangalore
CESTAT Bangalore held that no time limit has been prescribed under the statutory provision of Section 149 of the Customs Act ...
Tax Guru4h
India-Japan MRA Signed, ICEGATE Update & Enforcement Actions
Government of India’s Central Board of Indirect Taxes & Customs (CBIC) has taken significant steps to enhance trade and enforcement. Last week, CBIC signed a Mutual Recognition Arrangement (MRA) with ...
Tax Guru4h
SEBI Clarifies Cybersecurity Framework Compliance Deadlines
December 31, 2024 Subject: Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs) 1. Recognising the need for robust cybersecurity measures and ...
Tax Guru19h
No addition for NRI investment in mutual funds as the same was legitimate
Conclusion: Additions made by AO on investment in mutual fund during the current assessment year was deleted as AO merely relied on the information’s gathered from individual transaction statements ...
Tax Guru19h
Cost imposed on DRI officer for 17 years of delay in filing application u/s. 311 of Cr.P.C.
Delhi District Court allowed the application under section 311 of the Code of Criminal Procedure (Cr.P.C.), however, imposed cost of Rs. 50,000 on DRI due to 17 years of delay in filing of a complain.
Tax Guru19h
Deduction u/s. 80IA(4) not admissible to assessee collecting and transporting solid waste
ITAT Chennai held that disallowance of claim under section 80IA (4) of the Income Tax Act justified since assessee is engaged in only collection and transportation of solid wastes and is not engaged ...
Tax Guru23h
LIBOR rate to be taken as base for interest computation as invoice raised in foreign currency
ITAT Bangalore held that interest rate should be charged on the basis of prevailing LIBOR rate and no SBI PLR rate since invoices are raised in foreign currency. Accordingly, it is directed to TPO to ...