• May 6, 2023

Case Details: ACIT v. Vertex Projects LLP - [2023] 150 taxmann.com 109 Judiciary and Counsel Details Laliet Kumar, Judicial Member and Rama Kanta Panda, Accountant Member. Sriram Seshadri, CA for the Assessee.  Rajendra Kumar, CIT-DR for the Revenue. Facts of the Case The issue before the Tribunal was “Whether shares received by the company on account of […]

• May 5, 2023

Notification No. 24/2023, dated 03-05-2023 The Government of the Republic of India and the Republic of Chile signed an Agreement and Protocol for the elimination of double taxation and the prevention of fiscal evasion and avoidance with respect to taxes on income (DTAA) in Chile on the 9th day of March 2020. Now, in the […]

• May 4, 2023

Notification F. No. IFSCA/2022-23/GN/REG035, Dated: 26.04.2023 The IFSCA has notified the IFSCA (Management Control, Administrative Control and Market Conduct of insurance business) Regulations, 2023. The aim is to put in place the regulatory framework related to Management Control, Administrative Control and Market Conduct of insurance business carried out by an IFSC Insurance Office (IIO) or […]

• May 3, 2023

Case Details: Anmol Industries Ltd. v. West Bengal Authority for Advance Ruling, Goods and Services Tax - [2023] 150 taxmann.com 3 (Calcutta) Judiciary and Counsel Details T. S. Sivagnanam, CJ. & Hiranmay Bhattacharyya, J. Ankit Kanodia, Ms Megha Agarwal & Abhijat Das for the Appellant. T. M. Siddique, Debashis Ghosh & Varun Kothari for the Respondent. Facts of the Case The assessee […]

• May 2, 2023

Case Details: Manoj Kumar Sah v. State of Bihar - [2023] 150 taxmann.com 5 (Patna) Judiciary and Counsel Details Sanjay Karol, CJ. & Partha Sarthy, J. Ms Archana Sinha, Advocate for the Petitioner. Vivek Prasad for the Respondent. Facts of the Case The department cancelled the GST registration of petitioner. It field writ petition to challenge the order […]

• May 1, 2023

Table of Contents Introduction The Law on Benami Transactions The Insurmountable Challenge of Proving a Benami Transaction The Need for a Balanced and Lawful Approach Conclusion 1. Introduction The word ‘benami’ was a stray visitor to the world of legislation for a long time in India. The concept was more familiar in the sphere of […]

• April 30, 2023

CA Shivam Sharma & CA Akhil Aggarwal – [2023] 149 taxmann.com 437 (Article) Introduction In the recent decision by the Authority for the Advance Rulings (AAR) in case of M/s Profisolutions Private Limited held that the Services provided by the Common Employees of Company to its Head office or to its branch office will be […]

• April 29, 2023

Case Details: PCIT (Central) v. Narayan Kumar Khaitan - [2023] 149 taxmann.com 243 (Orissa) Judiciary and Counsel Details Dr. S. Muralidhar, CJ. & M.S. Raman, J. Radheyshyam Chimanka, Sr. Standing Counsel & A. Kedia, Jr. Standing Counsel for the Appellant. Facts of the Case A search and seizure operation under section 132 was conducted on SM and […]

• April 28, 2023

Circular No. SEBI/HO/IMD/IMD-RAC-2/P/CIR/2023/60, Dated: 25.04.2023 The SEBI has directed all Asset Management Companies (AMCs) to file their final offer documents in digital form only by emailing the same to a dedicated email address i.e., [email protected] and there would be no requirement of filing physical copies of the same with SEBI. Further, in order to protect […]