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Income-tax (Sixth Amendment) Rules, 2023
Publish Date : Monday, May 29, 2023 source
Rs.1,57,090 Crores Gross GST Revenue Collected in Month of May 2023 | Press Release
Press Release dated June 1st, 2023 The Gross GST revenue collected in the month of May, 2023 is Rs. 1,57,090 crores. The Government has settled Rs. 35,369 crores to CGST and Rs. 29,769 crores to SGST from IGST. The total revenue of Centre and the States in the month of May 2023 after regular settlement […]
Ind AS Schedule III Checklist | Presentation & Disclosure of Non-Current Liabilities in the Financial Statements
Non-current liabilities play a vital role in understanding the financial statement by providing stakeholders with comprehensive information about the company’s financial position and obligations. It represents long-term liabilities such as non-current loans, bonds, trade payable and provisions which requires careful presentation and disclosure to ensure the users of financial statements have a clear view of […]
Condonation of delay in filing refund claim and claim of carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961
Publish Date : Wednesday, May 31, 2023 source
Appellant’s Real Estate Project was a CIS without Specific Unit Number Commitments to Investors
Case Details: MVL Ltd. v. Securities & Exchange Board India - [2023] 150 taxmann.com 285 (SAT-Mumbai) Judiciary and Counsel Details Justice Tarun Agarwala, Presiding Officer, M.T. Joshi, Judicial Member & Ms Meera Swarup, Technical Member Amish Tandon, Ashwin Ankhad, Naresh Ratnani, Shantanu Mitra, Akash Menon & Ms Sukanya Banerjee, Advs. for the Appellant. Kevie Setalvad, Sr. Adv., Mihir Mody, Arnav Misra, & Mayur […]
Income-tax (7th Amendment) Rules, 2023
Publish Date : Tuesday, May 30, 2023 source
HC Orders Dissolution of Company in Liquidation as Official Liquidator Reported No Funds for Winding Up
Case Details: Official Liquidator of Arya Silk Mills (P.) Ltd. (In Liquidation), In re, - [2023] 150 taxmann.com 243 (HC-Gujarat) Judiciary and Counsel Details Bhargav D. Karia, J. Dhawan M. Jayswal for the Applicant. Facts of the Case In the instant case, the Official Liquidator (OL) filed a report under section 302 of the Companies Act, […]
e-Appeals Scheme, 2023
Publish Date : Monday, May 29, 2023 source
Provisions Related to Transfer of Cases Continue to Exist Despite of Faceless Assessment Scheme: HC
Case Details: Sanjay Gandhi Memorial Trust v. CIT (Exemption) - [2023] 150 taxmann.com 459 (Delhi) Judiciary and Counsel Details Manmohan & Dinesh Kumar Sharma, JJ. Facts of the Case The petitioner is registered as a charitable institution under Section 12A, and assessments have been completed under Section 143(3)/143(1) till the Assessment Year 2017-18. By way […]
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