Tax Guru7h
Income Tax Refund Cannot Be Withheld for Non-Functionality of TRACES Portal
Madhya Pradesh High Court addressed a writ petition filed by Birla Corporation Limited seeking the quashing of an order dated ...
Tax Guru1h
Refund for unutilized ITC was not allowed except in specific circumstances u/s 54 of CGST
Conclusion: Refund for unutilized Input Tax Credit ( ITC ) could only be claimed under specific circumstances prescribed ...
Tax Guru1h
Termination of worker for lawful order of transfer is valid: Karnataka HC
The Labour Court by the impugned award set aside the termination order passed against the workman and directed reinstatement ...
Tax Guru48m
Industrial Tribunal lacks authority to review penalty under Section 11A
Writ petition is filed challenging the order dated 25.01.2019 in A.P.No.44 of 2014 on the file of the Presiding Officer, Industrial Tribunal, Tamil Nadu, Chennai. 2. The brief facts of the case are as ...
Tax Guru1h
No additions could be made merely on basis of statement u/s 132(4) without incriminating evidence
Conclusion: Assessee could not have been subjected to additions in case of search/survey operations merely on basis of statement recorded under section 132 (4) unless and until some corroborative ...
Tax Guru15h
SEBI proposes Measures to Ease of Business for ESG Rating Providers
Measures towards Ease of Doing Business for ESG Rating Providers (ERPs) 1.1. This Board Memorandum proposes amendments to the SEBI (Credit Rating Agencies) Regulations, 1999 ( “CRA Regulations”) to ...
Tax Guru15h
SEBI proposes measures for Small and Medium REITs’ Ease of Business
1.1. This Board Memorandum proposes amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) to introduce measures for Ease of Doing Business (“EoDB”) for Small ...
Tax Guru15h
SEBI proposes Reforms to SEBI Debenture Trustees Regulations
Measures for Reforms to Debenture Trustees Regulations including towards Ease of Doing Business 1.1. This Board Memorandum proposes amendments to the SEBI (Issue and Listing of Non-convertible ...
Tax Guru15h
Review of Corporate Governance Norms for HVDLEs
Currently, the Corporate Governance norms are applicable on the basis of the outstanding value of listed non-convertible debt securities 2 and an entity is identified as HVDLE as and when it hits the ...
Tax Guru1h
No assessment u/s 153C as satisfaction note was not recorded for relevant search assessment years
“Further, no dispute has been raised on the serve of notice u/s 153C during the course of assessment proceedings as perused form the records. Therefore, the ground of the appellant that the initiation ...
Tax Guru15h
SEBI Simplifies ESG Reporting for Listed Entities
4.6.1.1. SEBI circular dated July 12, 2023, mandates reasonable assurance for BRSR Core, beginning with top-150 listed entities (by market capitalization) from FY 2023–24 and gradually extended to the ...
Tax Guru15h
SEBI proposes Amendments to SEBI SDI Regulations to Enhance Market Practices
Regulations, 2008 1. Objective 1.1. This Board Memorandum proposes amendments to SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008 ( hereinafter referred ...