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Archive: 16 August 2019

Posts in 16 August 2019

GST AAAR cannot entertain an appeal after 60 days from the date of communication of AAR order

August 16, 2019 936 Views 0 comment Print

In re M/s. Nuetech Solar Systems Private Ltd. (GST AAAR Karnataka) On a plain reading of the provisions of Section 100 of the said Act, it is apparent that the same mandates that an appeal should be filed within 30 days from the date of communication of the advance ruling order that is sought to […]

Power Bank classifiable under Heading 8507 as Accumulator: AAAR Karnataka

August 16, 2019 9897 Views 0 comment Print

In re Xiaomi Technology India Private Limited (GST AAAR Karnataka) In this case, we find that the Power Banks consists of not only the Lithium-ion Polymer battery but also the circuitry such as ‘charge management system’ and ‘voltage boost converter’. All the components together make up the Power Bank. Admittedly, it is not the battery […]

Deposits under Gold Monetisation Scheme, 2015 shall be made at CPTC

August 16, 2019 585 Views 0 comment Print

Gold Monetisation Scheme, 2015- All deposits under the scheme shall be made at the Collection and Purity Testing Centre (CPTC) except in cases as prescribed by RBI. Reserve Bank of India RBI/2019-20/43 DBR.IBD.BC.No.13/23.67.001/2019-20 August 16, 2019 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetisation Scheme, 2015 In exercise of the powers […]

Protection of Children from Sexual Offences (Amendment) Act, 2019 applicable from 16.08.2019

August 16, 2019 648 Views 0 comment Print

Central Government hereby appoints the 16th August, 2019 as the date on which the Protection of Children from Sexual Offences (Amendment) Act, 2019 shall come into force. MINISTRY OF WOMEN AND CHILD DEVELOPMENT (CW-I Section) NOTIFICATION New Delhi, the 16th August, 2019 S.O. 2957(E).—In exercise of the Powers conferred by sub-section (2) of section 1 […]

Companies (Share Capital and Debentures) Amendment Rules, 2019

August 16, 2019 6801 Views 0 comment Print

(1) These rules may be called the Companies (Share Capital and Debentures) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.

Liquidation order of Amtek Auto Limited- Need to review provisions of IBC 2016

August 16, 2019 2760 Views 0 comment Print

Recently the Delhi bench of National Company Law Appellate Tribunal (NCLAT) has passed an order for liquidation in the case of Amtek Auto Limited. The two-judge Bench headed by Justice S J Mukhopadhya, stated in its order ‘As we have noted that more than 270 days have been completed much earlier and no case is made to exclude any period, we hold that adjudicating authority has no other option but to pass order of liquidation.’

Decoding Section 153C- Assessment of Income of any other person

August 16, 2019 12105 Views 0 comment Print

Unlock the complexities of Section 153C for the assessment of income in search cases. Delve into the essentials, the satisfaction process, and the impact of incriminating materials on other individuals. Stay informed about the amendments and nuances to navigate the assessment landscape effectively. Consult tax experts for personalized guidance.

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