"02 August 2021" Archive - Page 3

Delhi ITAT allows late deposit of ESI, EPF employees contribution

Yogi Ji Technoequip Pvt.Ltd. Vs DCIT (ITAT Delhi)

Yogi Ji Technoequip Pvt. Ltd. Vs DCIT (ITAT Delhi) Facts : Addition on account of employee’s contribution to ESI and EPF – CPC while processing the return of the assessee disallowed the claim of employee’s contribution towards ESI and EPF on account of delay in depositing the amount as per the respective statutes Held: Respectfu...

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Delhi HC ruling on validity of 19 notices under section 148(1)

Ajay Mittal Vs ACIT (Delhi High Court)

Ajay Mittal Vs ACIT (Delhi High Court) Hon’ble Delhi High Court on validity of 19 notices issued u/s 148(1) of the Income Tax Act, 1961 restraining the Revenue from continuing with the reassessment proceedings, in any manner, pursuant to the impugned notices. FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT 1. On 13th July, 202...

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Central Motor Vehicles (Sixteenth Amendment) Rules, 2021

Notification No. G.S.R. 525(E) 02/08/2021

Central Motor Vehicles (Sixteenth Amendment) Rules, 2021. Battery Operated Vehicles shall be exempted from the payment of fees for the purpose of issue or renewal of registration certificate and assignment of new registration mark....

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Arbitration under MSME Act

Sub-section 3 of Section 18 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides that where the conciliation fails under the provisions of the Act, the Micro & Small Enterprises Facilitation Council (MSEFC) shall either itself take up the dispute for arbitration or refer it to any institution or centre providi...

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Posted Under: Income Tax |

Analysis of Section 186 of Companies Act i.e. Loan & Investment by Company

Analysis of Sec-186 of Companies Act i.e. Loan and Investment by Company, Notified date of section is 1st April 2014 It explains Inter-corporate Loans and Investments (i.e. investment by one company in another company). Sec-185 applicable where Company gives Loan / Guarantee / Security to Director or any person in which he is interested. ...

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Posted Under: Income Tax |

HC allows Provisional Release of Cargo on duty payment, Bond & Bank Guarantee

Commissioner of Customs Vs Sri Venkateshwara Paper Boards (Madras High Court, Madurai bench)

Commissioner of Customs Custom House Vs Venkateshwara Paper Boards (Madras High Court) the request for mutilation was much after seizure of the goods. On and after 31.01.2020, stock lot goods are prohibited. Therefore, the issue would be if there are three varieties of paper bundled into one, whether it would fall within the definition of...

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Courts should avoid making observations against counsels in their judgements

Neeraj Garg  Vs Sarita Rani and ors. (Supreme Court of India)

Neeraj Garg Vs Sarita Rani and ors. (Supreme Court of India) The Courts while deciding  cases pass certain comments/observations against the counsels which are actually not required for the disposal of the case. The Apex Court in a recent judgement in Civil Appeal  Nos. 4555 ­ & 4559 of 2021 decided on August 2, 2021 in […]...

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Maintenance of State Government Accounts – Recovery of Interest on Excess put through/ Double claim (State Government Transactions)

RBI/2021-22/75 DGBA.GBD.No.S391/42.01.011/2021-22 02/08/2021

With a view to ensure prompt/immediate refund/credit to the government account in the cases of excess put through/ double claim in the payment scrolls by the agency banks, it has been decided in consultation with the O/o Comptroller and Auditor General of India (C&AG) that penal interest for excess put through/ double claim amount may be ...

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Move With Invincible Power of Faith

Why tears in your lotus eyes? Because this world has many skies? One sky is of lie & fraud, The other is of ‘Spiritual-almighty God’. Why fear in your sacred heart? Come forward with the real-art’. You all are sitting in a pre-decided cart. Take it as an ‘Organizational Chart’. Evaluate at certain interval of […]...

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Posted Under: Income Tax |

Hear plea on Interest Charging for delayed GST Payment: HC to GST Dept

S R & Sons Vs Assistant Commissioner (ST) (FAC) (Madras High Court)

S R & Sons Vs Assistant Commissioner (ST) (FAC) (Madras High Court) This Court is of the considered opinion that the petitioner has emphatically stated that he has no grievance against the order in original dated 11.11.2020 and his grievance is against the charging of interest under Section 50 of the Central Goods and Services [&helli...

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