Mohd. Nashruddin Vs Union of India (Delhi High Court) 1. The present petition under Article 226 of the Constitution of India, essentially in the nature of writ of habeas corpus, has been instituted on behalf of Mohammed Nashruddin Khan (hereinafter referred to as the ‘detenu’), praying for quashing of detention order bearing No. PD-12001/03/2020- COFEPOSA […]
Indo States Exports Vs ACIT (ITAT Delhi) The only effective ground is against the disallowance of Rs.3,01,631/- on account of late payment of employee’s contribution towards EPF and ESI. Ld. Counsel for the assessee submitted that authorities below were not justified in disallowing the claim of the assessee in respect of employee’s contribution. Hon’ble Jurisdictional […]
Why in News Recently, the Prime Minister Narendra Modi launched the Vehicle Scrappage Policy . It was first announced in the Union Budget for 2021-22. The policy is estimated to cover 51 lakh Light Motor Vehicles (LMVs) that are above 20 years of age and another 34 lakh LMVs above 15 years of age. India […]
INTRODUCTION For any capitalist economy to survive, bankruptcy laws form an integral part of that economy. From every business be it a partnership, sole proprietorship or any limited liability company, bankruptcy laws help in the reorganization of the assorted assets of these corporations as well as the orderly dissolution of these assets. Therefore, from the […]
INTRODUCTION The White Collar Crimes are the types of crimes perpetrated, whether public or private, by respectable individuals with ideal situations. For bureaucratic entities, the surveillance and detection of fraud are practically very difficult as these activities are carried out in very much secrecy due to which these actions are neglected. Today, white-collar crime has […]
Immunity : The Government by the IBC amendment Act 2020 has inserted a new Section 32 A in the I&B Code to provide for immunity to the Corporate Debtor (Company) from offences committed in the past (Prior to the date of the Resolution Order). It has also been clarified that the provisions of the I&B […]
The Karnataka High Court in M/s Pellagic Food Ingredients Private Ltd. v. Union of India [Writ Petition No. 14737/2021[T-CUS] issued an Interim Order dated August 12, 2021] wherein it ordered the Pellagic Food Ingredients Private Ltd. (Petitioner) for the appearance through video conference in response to summons issued under Section 108 of Customs Act, 1962 […]
Maj. Surendra Kumar Hooda (retd.) Vs Kapil Gupta (Delhi High Court) Status of directorship of retired director who issued fraudulent cheque have to be tested at trial Hon’ble Delhi High Court held that, the correctness of the allegations against the Director who has already resigned on the date of presentation of postdated cheques issued by […]
Ind AS-38: Intangible Assets. (By incorporating Changes as per Companies (Indian Accounting Standards) Amendments Rules 2021). Each Accounting Standard offers wide variety of practical applications to the stakeholders in respect of full disclosure and transparency. Therefore, I hereby try to summarize various dimensions with regard to the Accounting Standard related with IndAS-38: Intangible Assets. (By incorporating […]
A. Background The COVID hit us hard, the economy has plummeted for a while and the unemployment also soared high. But, as the second wave is also over and now the economy is poised for a tremendous bounce-back. The world is also looking towards India as an alternative to China for the new projects. To […]
