Writ Dismissed as Assessee Failed to Appeal Against Order Within the Time Period as Directed by the Coordinate Bench | HC
Case Details: Radhey Traders v. State of UP – [2024] 168 taxmann.com 272 (Allahabad) Judiciary and Counsel Details Arun Bhansali, CJ. & Vikas Budhwar, J. Aditya Pandey for the Petitioner. Facts of the Case In the present case, the petitioner had filed writ petition earlier against the demand order and contended that order was passed without service […]
CBDT extends due date for furnishing Return of Income for the Assessment Year 2024-25 under the Income-tax Act, 1961 (the Act)
Publish Date : Saturday, October 26, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1209/CBDT-extends-due-date-for-furnishing-Return-of-Income-for-the-Assessment-Year-2024-25-26.10.2024.pdf source
SEBI Amends Buy-Back Regulations | Excludes Shares Held by Non-Participating Promoters from Entitlement Ratio
Notification No. SEBI/LAD-NRO/GN/2024/210; Dated: 20.11.2024 SEBI has notified the SEBI (Buy-Back of Securities) (Second Amendment) Regulations, 2024. A new proviso has been inserted to Regulation 4(iv)(a) relating to the conditions and requirements for the buyback of shares and specified securities. It states that if any member of the promoter/promoter group has declared its intention not […]
Suggestions for comprehensive review of Income-tax Act
Publish Date : Monday, October 7, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1202/Press-Release-Suggestions-for-comprehensive-review-of-Income-tax-Act-dated-07-10-2024.pdf source
[Opinion] Company & Its Directors Penalized for Using Private Placement Funds in Existing Account Before Filing Return of Allotment
Prof R Balakrishnan – [2024] 168 taxmann.com 403 (Article) 1. The Background of this Case Private placement of securities can be made only to select persons or identified persons (as identified by the board of directors of a company). A company making a private placement cannot offer its securities through any public advertisements or utilise […]
Specifying Forms prescribed in Appendix-II of the Income Tax Rules 1962, to be furnished electronically under sub-rule (1) and sub-rule (2) of Rule 131 of the Income-tax Rules, 1962
Publish Date : Tuesday, November 19, 2024 source
Cross-Border Digital Services Taxation – Egypt VAT and India GST Overview
Cross-border Digital Services Taxation refers to the application of tax laws on digital services provided by businesses across international borders. It includes services such as online advertising, streaming, cloud computing, and e-books. Jurisdictions like Egypt and India impose taxes like VAT (Value Added Tax) or GST (Goods and Services Tax) on these services to ensure […]
Order authorizing Income-tax authorities to admit an application or claim for refund and carry forward of loss and set off thereof under section 119(2)(b) of the Income-tax Act, 1961
Publish Date : Tuesday, October 1, 2024 source
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23
Publish Date : Monday, November 18, 2024 source
[Opinion] GST Amnesty Scheme 2024 | Section 128A of CGST Act, 2017
Bhavik P. Chudasama – [2024] 168 taxmann.com 399 (Article) 1. Introduction The Goods and Services Tax (GST) Act, 2017, provides certain provisions for taxpayers to seek relief from interest and penalty imposed on them. One such provision is Section 128A r.w.t Rule 164, which outlines the procedure and conditions for the closure of proceedings under […]