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Archive: March, 2022

Posts in March, 2022

Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Second Amendment) Order, 2022

March 30, 2022 2097 Views 0 comment Print

This order may be called the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Second Amendment) Order, 2022. It shall come into force with effect from 1st April, 2022.

HC direct I-T dept to release Title deeds retained for more than 22 year

March 30, 2022 4233 Views 0 comment Print

Udaya Sounds Vs PCIT (Kerala High Court) Title deeds of the petitioner are retained by the Income Tax department under the colour of a search and seizure for the last more than twenty-two years. Alleging that the retention of the said documents are contrary to law, petitioner has approached this Court seeking directions to return […]

Forfeited Gratuity cannot exceed the Loss amount in case of termination of employee for causing loss to Employer’s Property

March 30, 2022 8640 Views 0 comment Print

Union Bank Of India Vs Sh D.C. Chaturvedi (Delhi High Court) Section 4(6)(a) of the Act, however, provides that the gratuity of an employee, whose services may have been terminated for the reasons as specified therein, can be forfeited to the extent of damage or loss so caused. The relevant provision reads as under: “(6) […]

Customs (Electronic Cash Ledger) Regulations 2022

March 30, 2022 9726 Views 1 comment Print

The electronic cash ledger shall be maintained in FORM ECL-1 on the common portal for each person in regard to every deposit made towards duty, interest, penalty, fee or any other sum payable by the person under the provisions of the Act or under the Customs Tariff Act, 1975

Exemption of deposits under Section 51A of Customs Act, 1962

March 30, 2022 3414 Views 0 comment Print

Notification No. 19/2022-CUSTOMS (N.T.) – Dated: 30th March, 2022 – Exemption of deposits from the provision of Section 51A of Customs Act, 1962 -reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 19/2022-CUSTOMS (N.T.) | Dated: 30th March, 2022 S.O. 1512(E).—In exercise of the powers conferred by […]

Once a cheque is issued by a person, it must be honored: HC

March 30, 2022 10914 Views 0 comment Print

Delhi High Court upholds conviction in cheque bounce case. Revision petition dismissed. Learn more about the legal implications of bounced cheques.

Jail is Rule & Bail is Exception for Money-Launderers: HC

March 30, 2022 2610 Views 0 comment Print

Anticipatory bail denied in PMLA case, applicant accused of money laundering. Enforcement Directorate cites forged documents and Rs.25,000 tainted money.

HC imposes cost on AO for blatant breach of principles of natural justice

March 30, 2022 2550 Views 0 comment Print

Goregaon Sports Club Vs ACIT (Bombay High Court) It is one of those blatant cases of breach of principles of natural justice and total non application of mind. In the assessment order, the Assessing Officer is referring to a show cause notice dated 12th April 2021 by which the DAO proposed modification in returned income […]

Grameen Kaushalya Yojana or DDU-GKY

March 30, 2022 3768 Views 0 comment Print

Deen Dayal Upadhyaya Grameen Kaushalya Yojana was launched on 25th September 2014. Notably, 25th September 2014 was celebrated as the 98th birth anniversary of Pandit Deendayal Upadhyaya. The ‘Deen Dayal Upadhyaya Grameen Kaushalya Yojana’ is shortly known as DDU-GKY. Importantly, DDU-GKY is a part of the National Rural Livelihood Mission. The vision of the DDU-GKY […]

Govt designate authorities under Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022

March 30, 2022 1383 Views 0 comment Print

Commissioner of State Tax, Maharashtra State, notifies Designated Authorities to exercise the power and duties of the Commissioner under Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022. COMMISSIONER OF STATE TAX, MAHARASHTRA STATE, MUMBAI GST Bhavan, Mazgaon, Mumbai 400 010, dated the 30th March 2022. NOTIFICATION No. DC (A & […]

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