Madras High Court held that petitioner being unaware of initiation of proceedings are directed to deposit 25% of disputed tax and submit objections by treating impugned assessment order as show cause ...

ITAT Kolkata held that non-compliance on behalf of the assessee to notice and hearing notices was due to inadvertence and hence matter restored back to CIT (A) for fresh consideration.

Chhattisgarh High Court held that delay of three years in approaching Court without explaining sufficient cause for the delay ...

Karnataka High Court held that the seized material that is used in the assessment proceeding against the petitioner is required to be shared with the petitioner/ assessee. Hence, matter remanded back.

In recent case of Shree Shyamji Traders Versus State Of U.P., Allahabad High Court held that, order of cancellation without ...

The Securities and Exchange Board of India (SEBI) issued a circular on December 3, 2024, providing clarifications on SMS and email alerts for investors. This follows the guidelines established in SEBI ...

SEBI has issued a consultation paper seeking public feedback on creating an online monitoring system for stock broker audits. The proposed web-based portal would enable stock exchanges to oversee ...

Small and Medium Real Estate Investment Trusts (SM REITs), introduced by SEBI, are considered riskier than traditional REITs.

S.O. 5187 (E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962, ...

1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2024. 2. They shall come into force on the date of their ...

ITAT Chennai held that liability ceased to exist when amount is written off by the borrower. Accordingly, the addition of such cessation of liability under section 41 (1) of the Income Tax Act ...

This is regarding the need for prior approval from the Reserve Bank of India (RBI) when there are changes in the control of Non-Banking Financial Companies (NBFCs). The RBI has reviewed its earlier ...