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Archive: May, 2022

Posts in May, 2022

Compensation available in case of medical negligence based on report of MCI

May 28, 2022 3168 Views 0 comment Print

The MCI on the conduct of Respondent 1 leave no doubt in our mind that this is certainly a case of medical negligence leading to deficiency in his services. NCDRC, except referring to the general principles of law as laid down in the judgments of this Court has not attempted to draw its conclusion from the oral and documentary evidence available on record.

Loss on sale of Government ‘Available For Sale’ securities is trading loss

May 28, 2022 1581 Views 0 comment Print

We note that the term Cooperative Bank is specifically excluded in the first proviso to sub clause (a) of section 36(1)(viia) of the Act. Accordingly, the Ld. AO has rightly computed the deduction eligible U/s. 36(1)(viia) of the Act. We therefore uphold the order of the Ld. AO on this ground.

Debt of ‘Corporate Debtor’, not considered in Resolution Plan, doesn’t extinguish automatically

May 28, 2022 1830 Views 0 comment Print

HC observed that the debt which the ‘Corporate Debtor’ owes for payment in future, if not taken into consideration in the ‘Resolution Plan’ does not extinguish automatically and the creditors, including the ‘Financial Creditor’ or ‘Operational Creditor’ or ‘Secured Creditor’ or ‘Unsecured Creditor’ has rights to claim the same.

ITAT explains Transfer Pricing Method in case of Sale of Electricity to AEs

May 28, 2022 3408 Views 0 comment Print

ACIT Vs Electrosteel Casting Ltd. (ITAT Kolkata) It is clear from the rival contentions that determination price at which Power generated can be sold is subject to statutory control under the provisions of Section 61 & 62 of the Electricity Act, 2003. The Hon’ble Calcutta High Court in its decision rendered in the case of […]

Faceless Penalty (Amendment) Scheme, 2022- Reg.

May 27, 2022 2256 Views 0 comment Print

National Faceless Penalty Centre, in accordance with the guidelines issued by the Board, may,–– (a) in a case where imposition of penalty has been proposed, convey to the penalty unit to pass the penalty order as per penalty imposition proposal referred to in sub-clause (a) of clause (xv)

Faceless Penalty (Amendment) Scheme, 2022

May 27, 2022 4794 Views 0 comment Print

(1) This Scheme may be called the Faceless Penalty (Amendment) Scheme, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

Filing of Form 11 by LLP allowed upto 30th June 2022

May 27, 2022 31353 Views 0 comment Print

Relaxation in paying additional fees in case of delay in filing Form 11(Annual Return) by Limited Liability Partnerships up to 30th June, 2022.

Civil Procedure Code, 1908 for tax practitioners

May 27, 2022 8538 Views 2 comments Print

Discover the significance of the Civil Procedure Code, 1908 for tax practitioners and how it impacts their legal practice.

Whether refunds in excess of 20% of demand pending appeal can be withheld/adjusted? High handedness of department -Rs 50000/- cost imposed

May 27, 2022 5823 Views 0 comment Print

Rajendra Kumar Vs ACIT (Rajasthan High Court) Sub-Whether refunds in excess of 20% of demand pending appeal can be withheld/adjusted? High handedness of department -Rs 50000/- cost imposed. The Division bench of Rajasthan High Court in this case was dealing with a matter where refund for AY 2018-19 was determined and upon notice u/s 245 […]

You Have Option To Opt Out From Group Inusurance Policy Also

May 27, 2022 4314 Views 1 comment Print

Discover how to opt out from a group insurance policy and secure your health coverage even when changing jobs.

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