Month: October 2024
Centralized Electronic Listing & Auction Platform for Sale of Assets under Liquidation Process Regulation 33 (1) of the IBBI (Liquidation Process) Regulations, 2016 (Liquidation Regulations) provides that, “The liquidator shall ordinarily sell the assets of the corporate debtor through an auction in the manner specified in Schedule I.” …
GSTN Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Ladakh GSTN has issued ad advisory for biometric-based aadhaar authentication and document verification for GST Registration Applicants of Ladakh as under: This is to inform taxpayers about recent developments concerning the application process for …
Capital generation capability not profit generation ability to be seen for investment – ITAT deleted addition u/s 68 In a recent judgment, ITAT Delhi deleted addition u/s 68 and held that tax authorities erred in believing that new investment can be made only on the basis of profit …
In case of loss of vehicle, the Road Tax authorities have power to write off the demand from the date the vehicle is lost In a recent judgment Hon’ble Allahabad High Court noted that in case the petitioner establishes the loss of vehicle, the authority has the power …
CBIC extends date to implement the Sea Cargo Manifest and Transshipment Regulations (SCMTR) 2018 at few ports MINISTRY OF FINANCE(Department of Revenue) New Delhi, the 30th October, 2024 Notification No. 74/2024-Customs (N.T.) G.S.R. 679(E).—In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, …
ITAT followed recent decision of High Court to held that approval u/s 151 by JCIT by merely recording as ‘yes’ was bad in law. In a recent order, ITAT Delhi following a recent decision of the High Court held that approval u/s 151 by JCIT by merely recording …
Order us/ 148A(d) set aside as it was a reproduction of notice showing AO had not considered the petitioner’s response. In a recent judgment, Hon’ble Delhi High Court has set aside order us/ 148A(d) as the order was a reproduction of the notice indicating that the AO had …
Controller General, Patents Designs and Trademark has issued an alert on fraudsters asking money for getting IP applications accepted. Office of the Controller GeneralPatents Designs and Trademark Alert on Fraudsters It has come to our notice that many fraudsters are collecting data and status of IP applications from …
FCRA Associations permitted to file second application for intimating change of committee members Permission given to FCRA Associations to file another application in Form FC-6E for intimating change of committee members even if their one application is already pending on FCRA portal. The Ministry of Home Affairs has …
CBDT extends due date for filing returns for AY 2024-25 from 31.10.2024 to 15.11.2024 F. No. 225/205/2024/ITA-IIGovernment of IndiaMinistry ·of FinanceDepartment of RevenueCentral Board of Direct Taxes***** Circular No.13 /2024 New Delhi, dated 26th October, 2024 Subject: – Extension of due date for furnishing return of income for …
