Day: September 9, 2024
Recommendations during 54th meeting of the GST Council held on 09.09.2024. The 54th meeting of the GST Council was held at New Delhi today on 09.09.2024. The GST Council inter-alia made the following recommendations relating to changes in GST tax rates, provide relief to individuals, measures for facilitation of trade and measures …
MCA amends Competition Act 2002 increasing threshold of assets and turnover form the purview of combination and also introduced criteria for exemption Section 5 of the Competition Act, 2002 defines the combination as the acquisition of one or more enterprises by one or more persons or merger or …
Mere non submission of the PAN details will not lead to disallowance u/s 68 – ITAT In a recent judgment, ITAT Delhi has held that mere non submission of the PAN details will not lead to disallowance of cash credits u/s 68 of the Income Tax Act, 1961. …
MCA notifies 10th September, 2024 from which eight section of the Competition (Amendment) Act, 2023 would take effect. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 9th September, 2024 S.O. 3846(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Competition (Amendment) Act, 2023 (9 …
NFRA penalises Chartered Accountant for misrepresenting facts holding that misrepresenting facts in NFRA proceedings amounts to professional misconduct. In a recent judgment, National Financial Reporting Authority (NFRA) has penalised a CA holding that misrepresentation of facts during NFRA proceedings under section 132(4) of the Companies Act 2013 amounted …
