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Archive: 23 July 2021

Posts in 23 July 2021

An examination of Foreign Investment on Human Rights: Is Humanity Collaterally Damaged?

July 23, 2021 837 Views 0 comment Print

With expanding global economy, a number of countries, especially developing countries have become an investment hub for many multinational companies investing money in various industries ranging from capital intensive industries to service-providing industries.

Agri exports registered an increase of 17.37% in 2020-21

July 23, 2021 351 Views 0 comment Print

India’s agriculture exports during 2020-21 have registered an increase of 17.37% as compared to exports during 2019-20. The Government has also introduced a Central Sector Scheme – ‘Transport and Marketing Assistance for Specified Agriculture Products’ – for providing assistance for the international component of freight, to mitigate the freight disadvantage for the export of agriculture products.

Functionally different company cannot be included in List of Comparables

July 23, 2021 738 Views 0 comment Print

SAP Labs India Pvt. Ltd. Vs DCIT (ITAT Bangalore) The argument of the learned AR is that Infosys Limited is functionally different from the assessee. It owns intangible and undertakes research and development. The learned AR also submitted that it has high brand value and turnover. On the contrary, the learned DR submitted that the […]

Results of ICSE & ISC Year 2021 Examinations on 24th July 2021

July 23, 2021 525 Views 0 comment Print

The results of the Class X (ICSE) & Class XII (ISC) Year 2021 Examinations will be declared on Saturday, 24th July 2021 at 03:00 PM. The results of the ICSE & ISC Year 2021 Examinations will be made available on the Website of the Council and through SMS. The Tabulation Registers will be made available for Schools through the CAREERS Portal.

RBI relaxes restriction on personal loans granted to any director of other banks

July 23, 2021 528 Views 0 comment Print

On a review, it has been decided that For personal loans granted to any director of other banks, the threshold of Rupees twenty-five lakh, as mentioned in para 2.2.1.2, stands revised to Rupees five crore.

HC directs ITAT to upload daily order- sheets & revised cause list

July 23, 2021 948 Views 0 comment Print

Delhi HC sets aside ITAT order due to non-publication of daily sheets causing prejudice. Directs ITAT to implement system for online updates within 3 months.

MahaRERA: Procedure for transferring or assigning promoter’s rights & liabilities to a third party

July 23, 2021 8769 Views 0 comment Print

Cases where the transfer is initiated by the promoter: The promoter shall have to apply to MahaRERA with the consent of two-third allottees as on the date of application in the project under consideration, to seek permission to transfer its rights and liabilities to a third party.

Karnataka HC dismisses Flipkart Plea challenging CCI probe

July 23, 2021 2157 Views 0 comment Print

Flipkart Internet Pvt Ltd Vs Competition Commission of India (Karnataka High Court) In the considered opinion of this Court, the CCI certainly have a jurisdiction to take appropriate steps to curb the anti competitive practices and a detailed mechanism is provided under the Act itself to ensure that no anti competitive practices are undertaken. The […]

E-Assessment order in violation of principles of natural justice not maintainable: HC

July 23, 2021 3366 Views 0 comment Print

RMSI Private Ltd. Vs National E-Assessment Centre (Delhi High Court) It is mandatory for the National E-Assessment Centre to provide an opportunity to the assessee, by serving a notice calling upon him to show cause as to why the variation proposed in the Draft Assessment Order, which is prejudicial to the interest of the assessee, […]

Imports of PVC Suspension Grade Resin into India from Japan- Reg.

July 23, 2021 891 Views 0 comment Print

Case No. (SG) 6/2020 Termination of Bilateral Safeguard Investigation concerning imports of “PVC Suspension Grade Resin” into India from Japan under India-Japan Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017- Reg.

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