"17 April 2022" Archive

Spent Acid is not an exempted good so Rule 6(3) of CENVAT Credit Rules, 2004 not applicable

IPF Vikram Sulphonation Limited Vs Commissioner of CGST, Central Excise (CESTAT Delhi)

M/s IPF Vikram Sulphonation Limited Vs Commissioner of CGST, Central Excise (CESTAT Delhi) The case of the Revenue is that the Spent Acid is an exempted goods, therefore, they are liable to pay an amount of equivalent 6% of the value of such Spent Acid in terms of Rule 6(3) of the CENVAT Credit Rules, […]...

Read More

Dues of a secured creditor have preference over Crown debts: HC

Alok Kistuchand Agarwal Vs Sub Registrar (Gujarat High Court)

Alok Kistuchand Agarwal Vs Sub Registrar (Gujarat High Court) The short point that falls for our consideration which otherwise no longer res integra is whether the bank will have the precedence over the secured assets or the Income Tax Department will have the precedence over the secured assets. Supreme Court in a recent pronouncement in ...

Read More

Proviso (v) To Section 14(1) SARFAESI Act is Valid Constitutionally

Kumaresh K Vs Union Of India and Other (Karnataka High Court)

Kumaresh K Vs Union Of India and Other (Karnataka High Court) It is evident that Section 14(1)(v) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) provides that an application which may be submitted by the secured creditor shall be accompanied by an affidavit duly affir...

Read More

Flat Occupier Entitled to Transit Rent for Dispossession Period during Redevelopment

Maniar Associates LLP Vs Vijay Niwas Co-op. Hsg. Soc. Ltd. & Ors. (Bombay High Court)

Maniar Associates LLP Vs Vijay Niwas Co-op. Hsg. Soc. Ltd. & Ors. (Bombay High Court) he fact remains that as respondent no.3 is in possession of the tenement in question and would now be handing over possession of such tenement to the petitioner/society. Hence considering the consistent view taken by this Court in Heritage Lifestyle...

Read More

Court can take cognizance of complaint for ‘cheque bounce’ on Notice Pursuant To ‘Re-Presentation’ of Cheque

Sri Gadadhar Barik Vs Sri Pradeep Kumar Jena and another (Orissa High Court)

Sri Gadadhar Barik Vs Sri Pradeep Kumar Jena and another (Orissa High Court) Supreme Court in M/s. Sicagen India Ltd. Vrs. Mahindra Vadideni and Others (Criminal Appeal Nos.26-27 of 2019) decided on 8th January, 2019, wherein, held that even a second statutory notice after re-representation of cheque is maintainable in law. In fact, the i...

Read More

Power of court u/s 48 invokable in case of factional feud within a community

M. S. Paulose Vs State of Kerala (Kerala High Court)

M. S. Paulose Vs State of Kerala (Kerala High Court) Facts- The suit was instituted by the petitioners and some other persons, praying for a decree of declaration that St. Johns Besphage Orthodox Syrian Church, Pulinthanam is a constituent parish Church of Malankara Orthodox Syrian Church and to declare that the plaint schedule church is ...

Read More

Liquidation of Corporate Debtor not possible on reason that liquidation value is more than the enterprise value

In re Ramsarup Industries Limited (NCLT Kolkata)

In re Ramsarup Industries Limited (NCLT Kolkata) Facts- Ramsarup Industries Limited (Corporate Debtor/Corporate Applicant) had approached the Adjudicating Authority of NCLT u/s 10 of the IBC and was admitted to Corporate Insolvency Resolution Process (‘CIRP’) on 08.01.2018. The common order dated 07.04.2022 has been passed by ...

Read More
Posted Under: Excise Duty | |

Compilation of Articles on Some Important Aspects of Insurance

As you are aware that Insurance has become an important part of our life. An insurance policy provides us security against financial loss due to perils incorporated in the Insurance Contract or we can call it insured perils. Since India is a very large country and having population approximately of 135 Crores even though insurance [&helli...

Read More
Posted Under: Excise Duty |

Plans sold by ‘Even Healthcare’ are not health insurance plans: IRDAI

It has come to the notice of IRDAI that an entity by the name ‘Even Healthcare Pvt Ltd’ having their corporate office at ‘No.311,6th Main Road, HAL 2nd Stage, Indira nagar, Bengaluru, Karnataka- 560038’ and having website www.even.in is offering health plans. It is to inform the public that the plans offered by Even Health...

Read More
Posted Under: Excise Duty | ,

Address on Invoice not Matches RC; Post Facto Amendment of GST Registration, HC Quashes Penalty

Algae Labs Pvt. Ltd Vs State Tax Officer (Madras High Court)

Both the petitioner and the respondent admit that as on date the above said address has been included in the petitioner's place of business in the GST Registration. Thus, there is a post facto inclusion of the address, which was mentioned in the tax invoice raised by the supplier and in the E-way Bill....

Read More

Search Posts by Date

June 2022
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930