Clipped from: https://www.taxscan.in/non-compliance-of-notice-and-non-submission-of-details-itat-refuses-to-condone-delay-of-927-days-in-filing-of-appeal-read-order/255189/ The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently, in an appeal filed before it, refused to condone the delay of 927 days
Day: February 18, 2023
👍Non-Response to Notice due to Negligence of Chartered Accountant/ Income Tax Practitioner: Madras HC directs Re-Adjudication
Clipped from: https://www.taxscan.in/non-response-to-notice-due-to-negligence-of-chartered-accountant-income-tax-practitioner-madras-hc-directs-re-adjudication/254749/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Non-Response%20to%20Notice%20due%20to%20Negligence%20of%20Chartered%20Accountant/%20Income%20Tax%20Practitioner:%20Madras%20HC%20directs%20Re-Adjudication By Aparna. M – On February 17, 2023 11:30 am – 2 mins read The Madras High court has recently directed to the Income tax authority for
👍Where’s the money? | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/wheres-the-money/2985139/ Private participation in higher education has become inevitable, but without much larger public investment, the goals of expansion, equity and excellence can’t be
🙏🙏🙏Number of MSMEs closed in FY23 so far surpasses total closures during 2016-2022: Govt data | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-number-of-msmes-closed-in-fy23-so-far-surpasses-total-closures-during-2016-2022-govt-data/2979988/?utm_source=sme_landing_page&utm_medium=article_listing_widget&utm_campaign=Tags Technology for MSMEs: The number of closures till early February this fiscal was 0.59 per cent of over 18 lakh new MSMEs launched
Nearly 5 lakh informal micro units formalised in a month via new Udyam Assist Platform: MSME Min | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nearly-5-lakh-informal-micro-units-formalised-in-a-month-via-new-udyam-assist-platform-msme-min/2981452/?utm_source=sme_landing_page&utm_medium=article_listing_widget&utm_campaign=Tags Ease of doing business for MSMEs: The portal intends to ‘assist’ informal micro units, which are not registered with GST authorities, through a
CGTMSE: Nearly 8.50 lakh loan guarantees approved for micro, small units in FY23 till December | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-8-50-lakh-loan-guarantees-approved-for-micro-small-units-in-fy23-till-december/2971980/?utm_source=sme_landing_page&utm_medium=article_listing_widget&utm_campaign=Tags Credit and finance for MSMEs: CGTMSE was introduced back in July 2000 with an initial outlay of Rs 2,500 crore from the government
🙏Failure to give the opportunity to Assessee Invalidates the Assessment Order: Madras HC
Clipped from: https://www.taxscan.in/failure-to-give-the-opportunity-to-assessee-invalidates-the-assessment-order-madras-hc-read-order/254813/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Failure%20to%20give%20the%20opportunity%20to%20Assessee%20Invalidates%20the%20Assessment%20Order:%20Madras%20HC In a recent Judgement, the Madras High Court ( HC ) held that failure to allow the assessee invalidates the assessment order. M/s.PHA
🙏No Personal Hearing granted u/s 75 (4) of GST Act: Madras HC quashes order on gross Violation of Natural Justice Principles
Clipped from: https://www.taxscan.in/no-personal-hearing-granted-u-s-75-4-of-gst-act-madras-hc-quashes-order-on-gross-violation-of-natural-justice-principles-read-order/254849/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Personal%20Hearing%20granted%20u/s%2075%20(4)%20of%20GST%20Act:%20Madras%20HC%20quashes%20order%20on%20gross%20Violation%20of%20Natural%20Justice%20Principles The Madras High Court quashed order on gross violation of natural justice principles as no personal hearing granted under Section 75 (4) of Goods
SEBI should make AMCs more accountable – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-should-make-amcs-more-accountable/article66517286.ece SEBI paper reviews the role of trustees to curb lapses SEBI should make AMCs more accountable instead of increasing obligations of MF trustees
👍👍👍👍👍Is there a way to boost the tax base? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/is-there-a-way-to-boost-the-tax-base/article66516746.ece Focus on formalisation of the economy and increasing the scope of tax collected at source could help The huge informal sector in the
👍👍👍IBC being gamed by promoters – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/ibc-being-gamed-by-promoters/article66517801.ece They try their best to hinder the Corporate Insolvency Resolution Process and get back their company cheap Delay in the Corporate Insolvency Resolution
👍👍👍👍👍Govt will play supportive role to pvt sector, says Sanjeev Sanyal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/govt-will-play-supportive-role-to-pvt-sector-says-sanjeev-sanyal/article66522341.ece He added that the role of the government is to provide leadership where necessary, infrastructure where essential Sanjeev Sanyal, at the United Way
👍👍👍*Complexities in GST rules and amendments making it difficult for MSMEs to navigate: Amit Mitra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/complexities-in-gst-rules-and-amendments-making-it-difficult-for-msmes-to-navigate-amit-mitra/article66520703.ece Unable to cope with regulatory structure, complicated compliances and potential penalties, MSMEs are on the verge of becoming informal again, he said File
👍👍👍👍👍Can drones replace tractors someday? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/can-drones-replace-tractors-someday/article66522263.ece Drone technology is a rapidly developing space. Its regulation is still a work-in-progress, as privacy issues loom large There is enormous potential for
👏👏👏Teaching in times of ChatGPT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/teaching-in-times-of-chatgpt/article66522426.ece PROS AND CONS. Innovation in teaching becomes possible. But students should not lose out on basic cognitive skills Teachers must devise new ways
👍👍👍New tax norm to hurt insurers; stocks attractive for the long run: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/new-tax-norm-to-hurt-insurers-stocks-attractive-for-the-long-run-analysts-123021600287_1.html Analysts expect stocks to remain under pressure in the near-term as the government’s new tax regime push, with no tax saving deductions, could
👍Tapping global trade | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/tapping-global-trade-123021601310_1.html Exports will need policy support Union Finance Minister Nirmala Sitharaman rightly noted on Wednesday that Indian exporters needed to be far more receptive
👍👍👍Liquidity likely to head towards neutral after three years of surplus | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/after-three-years-of-surplus-liquidity-now-seen-heading-to-neutral-zone-123021601023_1.html Future scenario hinges on forex market, govt spending, credit growth With certain operations undertaken by the RBI in early 2020 set to mature in the
👍👍👍Centre aims to mop up Rs 75,000 cr from senior citizen savings scheme | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-aims-to-mop-up-rs-75-000-crore-from-sr-citizen-savings-scheme-123021601062_1.html Not to overshoot FY24 net borrowing target of Rs 11.8 trn The maximum investable amount of the senior citizen savings scheme (SCSS) —
👍👍👍Indian IT firms start training employees in ChatGPT, other AI-related tech | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/it-companies-introduce-chatgpt-like-ai-related-courses-for-its-employees-123021700402_1.html AI models are expected to disrupt Indian IT firms and their access to talent, as they make some jobs redundant Tata Consultancy Services (TCS)
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