CBIC prescribes procedures for return of export cargo from international waters due to closure of the Strait of Hormuz where the vessel has landed at an Indian port other than the original port of departure Return of export cargo from international waters due to closure of the Strait …

Mere higher profit margins would not make payments made by Trust as diversion of funds for the benefit of the specified persons for invocation of Section 13(1)(c) In a recent judgment Hon’ble High Court has held that mere existence of higher profit margins, in the absence of material …

Chartered Accountant can’t be made an Inquiry Officer under section 24 of Societies Registration Act 1860 – High Court In a recent judgment, Hon’ble High Court has held that appointment of Chartered Accountant Company can only be made for purpose of conducting audit and it cannot made an …

FSSAI revises turnover threshold for grant of license/registration to various food businesses in India under Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011 The Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011 notified under the Food Safety and Standards Act, …

Persons with Piped Gas connection to surrender domestic LPG connection and not to obtain a domestic LPG connection Amidst the person queuing up for LPG Cylinders in the wake of Iran war, the Indian Government has amended the Liquefied Petroleum Gas (Regulation of Supply and Distribution) Order, 2000. …

Since TDS statements are filed on a quarterly basis, the computation of limitation for treating assessee in default u/s 201 (3) operate quarter-wise – High Court In a recent judgment, Hon’ble High Court has held that scheme of TDS compliance and rules treats each quarter as a separate …