A. Article
Section 159 of the Finance Act 2023: Creating undue hardship for tax-compliant and honest taxpayers
Section 159 of the Finance Act, 2023, has been notified by the CBIC w.e.f. 1st October 2023. However, after reading the bare text of the section, it is surprising how the Legislature drafted the law, making it challenging to figure out the rationale behind that section. Section 159 of the Finance Act 2023 is reproduced below. Read more
Assessee cannot be deprived of filing an appeal due to non-constitution of the Arbitral Tribunal
The Hon’ble Orissa High Court in the matter of M/s. BPS Steel Syndicate (P.) Ltd. v. Union of India [Writ Petition (Civil) No. 6518 of 2023] held that M/s. BPS Steel Syndicate (P.) Ltd. (“the Petitioner”) cannot be deprived of its statutory remedy to appeal due to the non-constitution of the Arbitral Tribunal. Read more
B. Amendment
Notification No. 06/2024 dated 10.05.2024 – Competition Commissioner of India
The Competition Commission of India issued a Notification no. 06/2024 dated 10.05.2024 to make further amendment in the Competition Commission of India (General) Regulations, 2009. Read more
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