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Archive: 04 August 2022

Posts in 04 August 2022

Summon u/s 108 is not contrary to the provisions of Cr.P.C.

August 4, 2022 4407 Views 0 comment Print

Held that as summoning of the petitioners by the respondents would not amount to taking any coercive steps like arresting them or prosecuting them, but only to proceed forward with the investigation. Such summons not contrary to the provisions of Cr.P.C.

Delay not condoned due to careless approach of the party

August 4, 2022 3726 Views 0 comment Print

Held that an unpardonable lackadaisical approach/ attitude of the `Party’ in pursuing a matter before the `Competent Authority’ / `Tribunal’ is not to be accepted. Delay not condoned in such case even if the appellant being statutory organization.

Parliament passes National Anti-Doping Bill 2022

August 4, 2022 681 Views 0 comment Print

Parliament passes the National Anti-Doping Bill 2022 to provide for the constitution of National Anti-Doping agency as a statutory body for regulating anti-doping activities in sports It is a landmark occasion when India joins the select group of countries which have their own National Anti-Doping Law: Shri Anurag Thakur The new Law will ensure highest […]

CCPA issues 24 notices for unfair trade practices against e-commerce companies

August 4, 2022 357 Views 0 comment Print

Central Consumer Protection Authority (CCPA) issues 24 notices for unfair trade practices against e-commerce companies CCPA issues two Safety Notices to alert and make consumers cautious against buying household goods that do not conform to the Bureau of Indian Standards The Union Minister of State for Consumer Affairs, Food and Public Distribution, Shri Ashwini Kumar […]

DRI busts factory manufacturing illicit psychotropic substances

August 4, 2022 432 Views 0 comment Print

DRI busts factory manufacturing illicit psychotropic substances; seizes drugs worth Rs 245 crore Continuing its crackdown on drug syndicates involved in the manufacture, sale and distribution of drugs in the country, the Directorate of Revenue Intelligence (DRI) officers busted a clandestine factory in Yamunanagar, Haryana, that was involved in the illicit manufacture of Ephedrine, a controlled substance listed under Schedule […]

No Section 54F exemption on House purchased by Wife from her fund

August 4, 2022 1635 Views 0 comment Print

Dilip B. Mundada Vs DCIT (ITAT Pune) Jurisdictional High Court and other Hon’ble High Courts and ITAT Pune have held that for availing the benefit of deduction u/s 54F the new asset shall be purchased in the name of the assessee. Applying the said proposition of law to the present case, we hold that the […]

Books of account cannot be treated as acknowledgement of liability in respect of debt payable to a Financial Creditor: SC

August 4, 2022 6015 Views 0 comment Print

SC held that books of account of a company could not be treated as acknowledgement of liability in respect of debt payable to a Financial Creditor (FC)

Problem versus Solution for Investment by NRI or PIO in India

August 4, 2022 1353 Views 0 comment Print

Understanding the challenges faced by NRIs and PIOs for investment in India. Discover the prohibited businesses and activities and the restrictions for remittances.

ITC on inwards supply – Section 16(2)(aa) of CGST Act, w.e.f. 1.04.2022

August 4, 2022 12153 Views 2 comments Print

Learn how to claim Input Tax Credit on inwards supply of goods or services as per the amendment to Section 16(2)(aa) of CGST Act, w.e.f. 1.04.2022.

Prestige Estates Projects guilty of not passing ITC benefit to homebuyers/customers

August 4, 2022 1800 Views 0 comment Print

Sh. Deepak Naik Vs Prestige Estates Projects Ltd. (NAA) Authority funds that the Respondent has gained the benefit of ITC on the supply of Construction Services after the implementation of GST w.e.f 01.07.2017 and the Respondent was required to pass on such benefit of ITC to the homebuyers/customers by way of commensurate reduction in prices […]

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