NTPC climbs up 52 positions to 433rd rank in Forbes ‘The Global 2000’ List of top companies.
DoT organises webinar to bust myth of Electromagnetic Field (EMF) radiation through mobile towers.
Karnataka HC upholds the constitutional vires of section 37A of FEMA providing for seizure of assets.
Xiaomi Technology India (P.) Ltd. v. UOI – [2023] 151 taxmann.com 144 (Karnataka).
RBI unveils guidelines on default loss guarantee in digital lending.
Circular No. RBI/2023-24/41 DOR.CRE.REC. 21/21.07.001/2023-24, dated 8-6-2023.
CBIC issues new guidelines for processing of applications for GST registration.
Instruction No. 03/2023 – GST, dated 14-6-2023.
GSTN introduces E-Invoice Verifier App.
GSTN Advisory
Refund allowed once cannot be withheld based on appeal filed by Commissioner, Refund to be processed along with interest.
G.S.Industries v. Commissioner CGST – [2023] 151 taxmann.com 162 (Delhi).
2-Factor Authentication enabled for logging into e-Way Bill and e-Invoice Systems.
Section 40A(2) – AO cannot invoke this section without demonstrating how he formed opinion that expenses were excessive and unreasonable.
Technip Energies Italy SPA v. DCIT – [2023] 150 taxmann.com 525 (Delhi-Trib.).
ITR not filed in time as CA was discharging family obligations is ‘genuine hardship’; delay of 36 days to be condoned.
ADCC Infocom (P.) Ltd. v. PCCIT – [2023] 150 taxmann.com 529 (Bombay).