One additional member to be nominated to decide advance rulings in case of difference of opinion.
Notification No. S.O. 2569 (E), dated 12-6-2023.
CBDT notifies ‘348’ as Cost Inflation Index for Financial Year 2023-24.
Notification No. S.O. 2571 (E), dated 12-6-2023.
CBDT eliminates the mandatory digital signing requirement for Advance Ruling applications.
Notification No. G.S.R. 432(E), dated 12-6-2023.
No relaxation from clubbing of income provisions just because income is payable to minor after she attains majority.
SIBI JOY v. ITO – [2023] 150 taxmann.com 524 (Kerala).
Section 2(47) – Transfer – Cost of incomplete construction to be treated as consideration if Developer unable to complete project under Joint Development Agreement.
Pulikkaparambil George Jacob v. ITO – [2023] 150 taxmann.com 314 (Cochin-Trib.).
MeitY transfers cost effective, indigenously developed, Li-ion battery recycling technology to nine recycling industries and start-ups.
RBI keeps the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
Press Release 2023-24/364, dated 8-6-2023.
MCA revises Form for filing LLP agreement, seeks additional information w.r.t. body corporate nominee.
Notification No. G.S.R. 411(E), dated 2-6-2023.
MCA notifies 31-3-2024 as the due date for filing Form CSR-2 for FY 2022-23.
Notification No. G.S.R. 408(E), dated 31-5-2023.
National Financial Reporting Authority (NFRA) fines and debars Audit Firm for not reporting that auditee was a shell company used by promoters for diversion of funds.
Sundaresha & Associates, In re – [2023] 151 taxmann.com 14 (NFRA).