• September 23, 2023

Circular No. SEBI/HO/OIAE/IGRD/CIR/P/2023/156, Dated: 20.09.2023 The SEBI has issued the revised framework for handling of the complaints received through the SCORES platform for entities and monitoring the complaints by the designated bodies. This aims to strengthen the existing investor grievance handling mechanism via SCORES. Now, the designated bodies may apply for SCORES authentication and/or for […]

• September 22, 2023

Case Details: DCIT v. Cyril Amarchand Mangaldas - [2023] 154 taxmann.com 99 (Mumbai-Trib.) Judiciary and Counsel Details Prashant Maharishi, Accountant Member & Sandeep Singh Karhail, Judicial Member Shambhu Yadav for the Appellant. Rajesh Parekh for the Respondent. Facts of the Case The assessee, a law firm, had received a certain amount of income for legal services […]

• September 21, 2023

Case Details: Frequent Logistics Services (P.) Ltd. v. Commissioner Goods & Services Tax Department - [2023] 154 taxmann.com 336 (Delhi) Judiciary and Counsel Details Vibhu Bakhru & Amit Mahajan, JJ. Nishit Agrawal, Ms Meena Rawat, Ms Kanishka Mittal & Ms Vanya Agrawal, Advs. for the Petitioner. R. Ramachandran, Sr. Standing Counsel for the Respondent. Facts of the Case In the […]

• September 21, 2023

Publish Date : Monday, September 18, 2023 source

• September 20, 2023

Details : ​​ Publish Date : Monday, September 18, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1152/PressRelease-Gross-Direct-Tax-collections-for-the-Financial-Year-2023-24.pdf source

• September 20, 2023

This weekly newsletter analytically summarises the key stories reported at taxmann.com during the previous week from September 11th to 16th, 2023, namely: (a) ITAT ordered Cognizant liable to pay DDT on its Rs. 19,000 crores buyback; (b) GSTN issues advisory on time limit for reporting invoices on the IRP Portal; (c) State Benches of Goods and […]

• September 19, 2023

Table of Contents Introduction Tribunal’s Ruling Buyback v. Reduction of Capital Distribution of Income Deemed Dividend v. Capital Gains Scheme is Not binding on AO Conclusion Position as of date 1. Introduction In a recent ruling, the Chennai ITAT has held that Cognizant Technology Solutions India (‘Cognizant’ or ‘assessee’) is liable to pay Dividend Distribution […]

• September 18, 2023

World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. 1. China extends reduced tax rate for third-party enterprises engaged in pollution prevention and control China’s Ministry of Finance, State Administration of Taxation, National Development and Reform Commission, […]

• September 17, 2023

Prof R Balakrishnan – [2023] 154 taxmann.com 274 (Article) 1. A brief on board report The Board’s Report is an important document prepared by the company every year and attached along with the financial statements and discloses the details of the company’s affairs as to what happened during the financial year that has ended, to […]