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Archive: June, 2022

Posts in June, 2022

Distribution approved by e-voting by CoC in its commercial wisdom cannot be interfered by NCLT/NCLAT 

June 12, 2022 2376 Views 0 comment Print

Indian Bank (Appellant) Vs Charu Desai (NCLAT) Commercial wisdom of Committee of Creditors (CoC) for amount to be paid to different classes or subclasses of creditors in accordance with provisions of the IB Code and the related Regulations. Hon’ble National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi in Company Appeal No. 644 of […]

DRT cannot restrain a Debtor’s Fundamental Right to Travel Abroad

June 12, 2022 3318 Views 0 comment Print

Bombay High Court confirms the right to travel abroad is a fundamental right under Article 21, ruling the Debt Recovery Tribunal lacks the legal power to restrict it.

ITAT deletes Penalty related to addition for Gift from Mother

June 12, 2022 1434 Views 0 comment Print

ITAT Ahmedabad cancels penalty on Anisha R. Dhanani. Unexplained cash credit addition lacked accurate particulars. Bona-fide explanation considered.

DPT-3 Checklist / FAQs / Latest Provisions

June 12, 2022 43160 Views 0 comment Print

Navigate DPT-3 filing effortlessly with our checklist and FAQs. Understand legal provisions, exemption criteria, and auditor’s certificate requirements. Stay compliant with the latest provisions.

Changes in Rules related to Striking off the names of company

June 12, 2022 10284 Views 3 comments Print

Rules related to Striking off the names of company from the records maintained by Registrar under Section – 248 has been amended

GST Compliances – Do’s and Don’ts

June 12, 2022 3837 Views 0 comment Print

Master GST Compliance with these Dos and Donts! Learn valuable insights on avoiding notices, reconciling data, and managing your working capital effectively. Stay ahead in GST filings and minimize risks.

Ambiguity in GST Law regarding ‘Place of Supply’ & ‘Place of Registration’ in relation to Renting of Immovable Property

June 12, 2022 15714 Views 0 comment Print

Whether a person who is already registered in one state has one immovable property in another state, is required to be registered in another state too for providing service related to Renting of Immovable property?

Repayment of debt, incurred by trust, for construction of building is application of income

June 12, 2022 7926 Views 0 comment Print

DCIT Vs Ram Asra Goyal Education & Research Society (ITAT Chandigarh) Facts- The assessee society was registered under the Societies Registration Act and also registered u/s. 12AA of the Income-tax Act, 1961. The assessee filed its ROI on 03-09-2014 declaring Nil income. Later on, the case was selected for scrutiny. During the course of assessment […]

Related Party Transaction – Companies Act, 2013 – Section 188

June 12, 2022 27216 Views 0 comment Print

In this article we are trying to explain transaction which considered as related part transaction, approvals from Board of directors and shareholders, legal aspects, compliances etc.

Monthly GST Newsletter for June 2022

June 12, 2022 5715 Views 0 comment Print

Stay updated with the latest in GST compliance! Our June 2022 newsletter covers crucial amendments, compliance timelines, and key updates, ensuring you’re well-informed for a seamless business journey.

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