Insurance Regulatory and Development Authority of India (IRDAI) issued a ₹1 crore penalty against Marsh India Insurance Brokers Pvt Ltd. following a remote inspection conducted in January 2022. The ...
Securities and Exchange Board of India (SEBI) has introduced a Liquidity Window facility for debt securities through its latest circular, effective November 1, 2024. This facility aims to enhance ...
During the appellate proceedings, the Ld. CIT (A) upheld the AO’s disallowances, stating that the assessee failed to provide necessary evidence justifying the claimed expenses. The appellant contended ...
ITAT Delhi by applying purpose test held that excise duty refund under Incentive Scheme 2001 received by company is not liable to tax as it is in the nature of capital receipt.
In the case of Vijay Jewellers Vs ACIT, the Income Tax Appellate Tribunal (ITAT) Mumbai dealt with penalties imposed under Section 271(1)(c) of the Income Tax Act for alleged bogus purchases. The ...