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Archive: 17 December 2020

Posts in 17 December 2020

SEBI reviews framework of IGP under ICDR Regulations

December 17, 2020 1089 Views 0 comment Print

SEBI in 2019 had created Innovators Growth Platform (IGP) framework under ICDR Regulations to encourage and facilitate capital raising and listing of startups and other new-age firms which are intensive in use of technology.

Section 197 certificates must be preceded by an order

December 17, 2020 4311 Views 0 comment Print

Tata Teleservices (Maharashtra) Ltd. Vs DCIT (Bombay High Court) Before issuance of certificates under section 197 of the Act, the same must be preceded by an order. That order must disclose reasons and is an order passed in exercise of quasi-judicial powers. Such an order can be assailed in revision under section 264 of the […]

APEDA provides a platform to ship the rice consignment from Varanasi region

December 17, 2020 339 Views 0 comment Print

Considering the potential of rice export from Varanasi region, APEDA coordinated with leading exporters of India and provided a platform to ship the consignment from Varanasi region. A flag-off ceremony of regional rice consignment was organised on 16th December 2020 at Sandaha Harhua Ring Road intersecting point Sindhora Road Under Pass, Varanasi.

SCN must be served prior to determination of tax leviable on ‘deemed supply’

December 17, 2020 2139 Views 0 comment Print

Metenere Ltd. Vs. Union Of India (Allahabad High Court) Although in terms of the provisions of Section 35 (6), the unaccounted goods are ‘deemed to be supplied’ however, determination and quantification of the tax on the said ‘deemed supply’ has to be done in accordance with Section 73 or Section 74 of the Act. A […]

Demanding loan from Deceased as part of duty cannot Be Termed as Abetment to Suicide

December 17, 2020 1320 Views 0 comment Print

Rohit S/O Nawanath Nalawade Vs State Of Maharashtra (Bombay High Court) Admittedly, the allegations are only to the effect that the applicant demanded outstanding loan amount from the deceased which was the part of his duty being employee of the Finance Company. In view of that, the demand of outstanding loan amount from the person […]

Compliances after ROC Approval for Change of Registered Office

December 17, 2020 4386 Views 0 comment Print

1. Company may optionally issue a general notice by way of an advertisement in newspaper(s) informing all members and other stakeholders, about the change of situation of the registered office of the Company. 2. Amend the address of Registered office of the Company on outside of every office, building etc. in which its business is […]

Customs Broker License cannot be revoked without giving opportunity for Cross-Examination

December 17, 2020 1314 Views 0 comment Print

Perfect Cargo and Logistics Vs Commissioner of Customs (CESTAT Delhi) The contention of the appellant is that the G-Card holder acted strictly in accordance with the guidelines issued in the Circular dated April 8, 2010. According to the appellant, the G-Card holder exercised due diligence by procuring all independent and authentic documents. 39. As noticed […]

TSGST: Adjudicating Authority cannot rectify an error after 3 months

December 17, 2020 1047 Views 0 comment Print

Kiran Enterprise Vs State of Tripura (Tripura High Court)  Before we formulate our decision in respect of the question whether Section 5 qua Section 29(2) of the Limitation Act would apply for purpose of condoning the delay in filing the petitioner‟s petition under Section 161 of the TSGST Act, let us revisit the provisions of […]

After surrender of vehicle registration no tax can be levied unless vehicle is found plying

December 17, 2020 4911 Views 0 comment Print

Shiv Dayal Singh Vs State of U.P. (Allahabad High Court) It is clear that once the operator/owner of the vehicle informs regarding surrender of registration certificate, a burden is cast upon the Taxation Officer to charge the tax and the additional tax only on being convinced that the vehicle is found plying as no tax […]

Anti-dumping investigation concerning imports of Caustic Soda

December 17, 2020 1602 Views 0 comment Print

Case No. AD (OI)-30/2020 Initiation of anti-dumping investigation concerning imports of Caustic Soda originating in or exported from Japan, Iran, Qatar and Oman.

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