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Archive: 18 October 2019

Posts in 18 October 2019

Live Course on Grow Your IDT Practice & Preparation for GSTAT (GST Tribunal)

August 16, 2024 2118 Views 0 comment Print

Join our webinars on GST Tribunals preparation. Learn to grow your IDT practice and prepare for GSTAT with expert guidance. Register now for ₹899 + GST!

Income Tax Department conducts Search on wellness group

October 18, 2019 1152 Views 2 comments Print

On 16.10.2019, the Income Tax Department conducted search action under the Income-tax Act, 1961 in the case of a conglomerate of trusts and companies that run year-round wellness courses and training programmes in philosophy, spirituality, etc at various sprawling residential campuses in Varadaiahpalem in AP, and also in Chennai and Bangalore.

Resignation of statutory auditors from listed entities and their material subsidiaries

October 18, 2019 6018 Views 0 comment Print

Resignation of an auditor of a listed entity / its material subsidiary before completion of the audit of the financial results for the year due to reasons such as pre-occupation may seriously hamper investor confidence and deny them access to reliable information for taking timely investment decisions.

New Provision in Handbook of Procedure 2015-20 of cases referred to NCLT

October 18, 2019 1254 Views 0 comment Print

A new para has been added in Chapter 2 of Foreign Trade Policy 2015-20 for operational modalities to be followed for the cases referred to National Company Law Tribunal vide Public Notice No. 39/2015-2020 dated: 18th October, 2019. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade ***** […]

New Provision in FTP 2015-20 of cases referred to NCLT

October 18, 2019 1062 Views 0 comment Print

A new para has been added in Chapter 2 of Foreign Trade Policy 2015-20 about the cases referred to the National Company Law Tribunal vide Notification No. 25/2015-2020 dated 18th October 2019. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan ***** Notification No. 25/2015-2020-DGFT New […]

Detention of conveyance in absence of discrepancy in E Way Bill or Tax Invoice not sustainable

October 18, 2019 1515 Views 0 comment Print

Insha Trading Company Vs. State Of Gujarat (Gujarat High Court) The reasons for issuance of the notice for confiscation under section 130 of the CGST Act in Form GST MOV-10 are that upon preliminary verification of the dealer online, 42 e-way bills have been generated in December 2018, wherein, IGST has been shown to Rs. […]

Partnership deed not automatically binds legal heirs of deceased partner

October 18, 2019 13998 Views 0 comment Print

S.P. Misra & Ors. Vs Mohd. Laiquddin Khan & Anr. (Supreme Court) It is true that as per the deed of partnership, the partners have agreed, in the event of death of either party, their respective legal representatives shall automatically become partners in the partnership firm and they shall continue to act as partners of […]

Good seized due to expiry of e-way bill cannot be released on indemnity bond

October 18, 2019 1638 Views 0 comment Print

M/s Livguard Energy Technologies (P) Ltd Vs State of Uttarakhand (Uttarakhand High Court) Uttarakhand High Court has declined to accede to petitioner’s request for release of vehicle and goods seized on merely furnishing an indemnity bond. It observed that it would be inappropriate to issue a direction contrary to provisions of Section 129 of the […]

Examine feasibility of vesting powers under GST to VAT Tribunals/CESTAT

October 18, 2019 576 Views 0 comment Print

Hence, we request Mr. Satya Pal Jain, Additional Solicitor General to examine the feasibility of vesting the powers under GST regime to the already functional VAT/Sales Tax Tribunals/CESTAT as a temporary measure.

HC: Attachment cannot be made on Petitioner’s property to recover dues of erstwhile owner

October 18, 2019 2658 Views 0 comment Print

The Hon’ble HC, Gujarat in the matter of M/s Choksi Texlen Pvt. Ltd. v. State of Gujarat [Special Civil Application No. 8096 of 2019 dated October 18, 2019] instructs Revenue authorities to withdraw the charge and attachment made on the Petitioner’s property to recover alleged dues of the erstwhile owner of the property under the […]

AAR rejects application as same issue was already pending before another authority

October 18, 2019 768 Views 0 comment Print

The application filed by the applicant is rejected as not admissible in terms of first Proviso to Section 98(2) of the GST Act 2017, since the issue was already pending before another authority when the application was made before AAR.

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