SEBI’s power is murmur in a robust legislative framework that allows it to broad the regulatory and enforcement capabilities. The primary legal instrument, the SEBI Act of 1992, states that the ...

The issue arose from a show-cause notice dated March 26, 2013, where the revenue proposed to demand duty from the appellant, arguing that the initial notification was effectively amended, restricting ...

The ITAT acknowledged the taxpayer’s claim of unawareness regarding the faceless assessment proceedings. It noted that while the taxpayer did not file a formal return, he provided a computation of ...

Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has allowed two appeals filed by Light Ray Advisors LLP against separate orders, both dated October 21, 2024, passed by the learned ...

GST law provides two types of tax compliance structures for businesses—Regular Scheme and Composition Scheme. While the Regular Scheme applies to most taxpayers, the Composition Scheme is a simplified ...

The learned Departmental Representative (DR) argued for the dismissal of the assessee’s appeal, citing the assessee’s consistent failure to appear or submit any written submissions before both the ...

CBDT has maintained a consistent pace in concluding APAs, having signed 125 in FY 2023-24 and 95 in FY 2022-23. Notably, this year also saw the signing of India’s first-ever MAPA. Additionally, on ...

The Reserve Bank of India (RBI) has issued a Master Direction outlining a scheme of penalties for bank branches and currency chests due to deficiencies in providing customer service. This aims to ...

Contravention of Section 208(2)(a) & (e) of the Code, Regulation 27 of the CIRP Regulations, Regulation 7(2)(a) and 7(2)(h) of IP Regulations read with Clause 13 and 14 of the Code of Conduct for ...

Form 10B is not just a routine form— it’s the gateway to exemption for charitable and religious institutions under the Income Tax Act. Trusts must maintain proper books of accounts and ensure timely ...

Hinduja Global Solutions Limited & Anr. Vs Union of India & Ors. (Calcutta High Court) Calcutta High Court has granted an interim stay on a show-cause notice issued by the Princip ...

2.1 That on the facts and circumstances of the case, the CIT (A) was not justified in confirming the disallowance of 5,09,989/- being the claim of depreciation on building u/s. 32 of the Act without ...