"29 May 2022" Archive

New Guidelines of MSE-CDP approved

Government has approved New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-CDP), which will be implemented during 15th Finance Commission Cycle(2021-22 to 2025-26)....

Posted Under: Corporate Law |

Order passed without considering assessee’s reply is violation of principles of natural justice

Rati Ram Bambelwal Vs National Faceless Assessment Centre (Rajasthan High Court)

Rati Ram Bambelwal Vs National Faceless Assessment Centre (Rajasthan High Court) Having heard learned counsel for the parties and having perused the documents on record, the order of assessment suffers from violation of principles of natural justice. As noted in response to the notice issued by the Assessing Officer under Section 144 the ...

Updated schedule of CGST rates on goods as on 01.05.2022

The GST rates on certain goods have under gone changes since the introduction of GST. The rate changes are given effect through amending notifications issued from time to time. Requests have been received for publishing a consolidated rate schedule incorporating all the changes....

Posted Under: Corporate Law |

HC directs proceeding against officers passing erroneous order

Dharmendra Kumar Singh Vs Union of India (Allahabad High Court)

Dharmendra Kumar Singh Vs Union of India (Allahabad High Court) Instruction F. No. 225/101/2021/-ITA-II, dt. 25/04/22 provides for initiation of suitable administrative action against the erring officer in case where assessments are found by the local committee to be high-pitched or where there is non-observance of principles of natural j...

Advisory on Sharing of photocopy of Aadhaar & withdrawal of the same

Do not share photocopy of your Aadhaar with any organizations because it can be misused. Alternatively, please use a masked Aadhaar which displays only the last 4 digits of your Aadhaar number. It can be downloaded from UIDAI official website https://myaadhaar.uidai.gov.in. ...

Posted Under: Corporate Law |

Are Insurance Ombudsman effective & just alternate Grievance Redressal platform? 

It is common knowledge that the Insurance Companies repudiate insurance claims (life insurance, Health Insurance or general insurance) on technical grounds or grant inadequate claims. The suffering policyholders have to move to Courts or Consumer Forums for due Redressal but this process is time, energy taking and frustrates the very purp...

Posted Under: Corporate Law |

HC Imposed fine of INR 50K on Revenue Authority for illegal recovery of disputed tax demand

The Hon’ble Rajasthan High Court in Rajendra Kumar v. Assistant Commissioner of Income- tax [D.B. Civil writ Petition No. 11980 of 2021 dated May 25, 2022] directed the Revenue Department to issue a refund along with interest in excess of 20% of disputed demand against the assessee. Further, imposed a cost of INR 50,000/- upon […...

Posted Under: Corporate Law |

What is Permanent Account N​umber (PAN) & What is TAN?

You must have heard about PAN & TAN but got confused – What is it and are they really different ?? Come… lets see that ahead. WHAT IS PERMANENT ACCOUNT NUMBER -PAN is a 10-digit unique identification alphanumeric number assigned, mostly to those who pay tax on their incomes -It is governed by Department of […]...

Posted Under: Corporate Law |

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