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Taiwan Semiconductor Manufacturing Company has released its monthly sales performance figures for October. The update highlights ongoing activity amid the continued global semiconductor market expansion. The report was published on Tuesday.
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The Goods and Services Tax Appellate Tribunal has ruled that the deletion of a Rule 42 Input Tax Credit reversal demand requires proper verification. Authorities must examine exempt and taxable turnover, common credit, and separate accounting records. Consequently, the matter has been remanded back.
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The National Company Law Appellate Tribunal has dismissed appeals filed by a removed resolution professional. The appellate body upheld the successor resolution professional's authority to convene a creditors meeting. The dismissal occurred because the removed official lacked vested rights.
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Delhi is preparing to launch the Namo Yamuna River Safari project. Kapil Mishra has shared specific details regarding the upcoming rollout. The initiative introduces new recreational riverfront activities to the capital.
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The Supreme Court has ruled that delays of 467 and 712 days in filing applications to set aside ex parte decrees cannot be condoned without sufficient cause. The judgment reinforces strict adherence to limitation periods in legal proceedings. Litigants must justify extended procedural lapses.
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The Madras High Court has ruled that delays of 712 days and 467 days in seeking to set aside ex parte decrees cannot be condoned without demonstrating sufficient cause. The decision emphasizes strict compliance with statutory limitation timelines. Litigants must provide valid justification for extended delays.
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The Goods and Services Tax Appellate Tribunal State Bench at Cuttack has ruled that delayed returns alone cannot attract Section 74 of the Central Goods and Services Tax Act. The provision targets fraud, suppression, or misstatement rather than mere filing delays. Tax authorities must establish intent.
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The Income Tax Appellate Tribunal Delhi has deleted a 70 lakh rupee addition made under Section 69A. The relief was granted because the addition failed on the original reopening ground. Tax authorities cannot sustain additions without supporting the initial premise for reopening.
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The apex court refused to interfere with a penalty imposed for concealment of income. The legal challenge arose from tax proceedings concerning an industrial entity. Tax professionals should note how judicial scrutiny applies to statutory penalties.
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Global financial leaders gathered to discuss ways to boost savings in the informal economic sector. The roundtable focused on expanding formal financial inclusion for vulnerable populations. Experts examined strategies to protect and grow informal workers' assets.
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Recent currency and commodity data point toward a downward trend in domestic gold valuations. Investors are observing shifts driven by international market movements and exchange rates. Retail buyers are monitoring these movements to time their bullion purchases.
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Major domestic stock exchanges suspended normal trading operations for the festive holiday. Clearing and settlement activities were likewise paused for the day. Regular trading sessions resume on the subsequent business day.
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