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Archive: August, 2022

Posts in August, 2022

If two choices are available, employee can select the one having higher benefits

August 4, 2022 2550 Views 0 comment Print

Held that when two choices are available, one under the provisions of the Payment of Gratuity Act and the other under such arrangement with the employer and if the latter offers better terms, the employee cannot be denied the right to receive those higher benefits.

A Person can be prosecuted under both section 420 of IPC & section 138 of NI Act

August 4, 2022 47529 Views 0 comment Print

Held that offences under Section 138 of the NI Act and Section 420 of IPC are distinct from each other because ingredients of the two offences are different. Person can be prosecuted under both the said sections.

Yes bank being a private bank is not amenable to writ jurisdiction

August 4, 2022 6657 Views 0 comment Print

Held that the respondent i.e. Yes bank being a private Bank is not amenable to the writ jurisdiction of this Court.

Customs Exchange rate for Import & Export wef 5th August, 2022 

August 4, 2022 3981 Views 0 comment Print

Exchange rate Notification No. 66/2022-Cus (NT) dated 04.08.2022  notifying exchange rate with effect from 5th August, 2022 against Indian Rupees for Import and Export. Government Of India Ministry Of Finance Department Of Revenue Central Board Of Indirect Taxes And Customs New Delhi ***** Notification No. 66/2022 – Customs (N.T.) | Dated: 4th August, 2022 In exercise […]

GST on Renting of Residential Property/ Dwelling

August 4, 2022 14178 Views 1 comment Print

Understand the implications of GST on renting residential properties. Learn about the new regulations and how they affect both tenants and landlords.

Cost Audit and Cost Records

August 4, 2022 11976 Views 0 comment Print

Understand the importance of cost audit and cost records for companies. Learn how maintaining proper cost records can help improve financial transparency.

DGFT removes requirement of BIS certification for import of ‘Hexane, Food Grade’

August 4, 2022 2169 Views 0 comment Print

The requirement for BIS certification for import of ‘Hexane, Food Grade’ is removed, with immediate effect vide Notification No. 24/2015-2020-DGFT | Dated: 4th August 2022. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Notification No. 24/2015-2020-DGFT | Dated: 4th August 2022 Subject: Amendment […]

Guidelines for Renewal/Redemption of MLTGD

August 4, 2022 1032 Views 0 comment Print

The redemption of principal at maturity shall, at the option of the depositor, be either in Indian Rupee equivalent of the value of deposited gold at the time of redemption, or in gold. However, any premature redemption of MLTGD shall be only in INR.

GSTN may provide additional field to feed vehicle type in E-way bill Form: HC

August 4, 2022 1764 Views 0 comment Print

Riadi Steels LLP Vs State of U.P. (Allahabad High Court) The GSTN authority is required to consider the feasibility of providing an additional field in the online form to be filled by dealers/transporters to obtain E-way bill, such that an additional field may be provided to feed the vehicle type i.e. normal or ODC etc., […]

Addition u/s 68 of duly accounted cash sales is unjustified

August 4, 2022 1875 Views 0 comment Print

Held that the re-assessment and addition of the duly accounted cash sales of the assessee as unexplained cash credits u/s 68 by the AO without rejection of the books of account of the assessee u/s 145(3) of the Act is unjustified

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