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Archive: 11 September 2022

Posts in 11 September 2022

MCA crackdown on Chinese shell companies in India

September 11, 2022 2160 Views 0 comment Print

MCA crackdown on Chinese shell companies in India SFIO arrests mastermind & chief plotter After the  simultaneous search and seizure operations conducted by the Ministry of Corporate Affairs on 8th Sept. 2022, on the offices of Jillian Consultants India Private Ltd, a wholly owned subsidiary of Jilian Hong Kong Ltd., at Gurgaon, Fininty Pvt Ltd at […]

NHAI is Best Judge to Decide Suitable land For Highway Construction: HC

September 11, 2022 1488 Views 0 comment Print

HC held that National Highway Authority is the best judge to decide which land would be suitable for the construction of the Highways.

Consider value of returned goods for Determining Value for Refund – SC – Section 173L – Central Excise Act

September 11, 2022 687 Views 0 comment Print

For considering value for refund under Section 173­L of Central Excise Act, what is required to be considered is value of returned goods

CESTAT allows Cenvat Credit on Group Mediclaim Policy

September 11, 2022 1620 Views 0 comment Print

CESTAT held that Cenvat credit of Service Tax paid on the insurance premium on the insurance policies taken for the employees of the Appellant which is covered under the Employees State Insurance Act. 1948 as well as the Factories Act, 1948 are eligible for Cenvat credit as per Rule 2(l) of the Cenvat credit Rules, 2004.

Liquidator Empowered to Decide Mode of Sale: NCLT

September 11, 2022 840 Views 0 comment Print

NCLT held that it is the Liquidator who has to take call on what mode of sale is in the best in the interest of maximization of value of assets.

NCLT can call any information/evidence under Rule 43: NCLAT

September 11, 2022 1809 Views 0 comment Print

Adjudicating Authority under Rule 43 of NCLT Rules, 2016, can call for any information or evidence as it may consider necessary in its discretion

Post-Conviction Compounding of Cheque Bounce Offences Permissible

September 11, 2022 3198 Views 0 comment Print

Court, while exercising power under Section 147 of Negotiable Instruments Act, can proceed to compound offence even after recording of conviction by courts below.

Joint petition not maintainable for different cheque bounce issues

September 11, 2022 2031 Views 0 comment Print

Petitioner filed instant petition under Section 482 of Cr. P. C challenging four complaints filed by respondent against him alleging commission of offences under Section 138 of Negotiable Instruments Act. These four complaints pertain to four different cheques.

Arbitrator has discretion to grant post-award interest: SC

September 11, 2022 4731 Views 0 comment Print

Arbitrator has discretion to grant post-award interest. Section 37(1)(b) does not fetter discretion of arbitrator to grant post-award interest

FAQs on Clause 44 of FORM 3CD

September 11, 2022 99714 Views 7 comments Print

If an assessee is not registered in GST (exclusively engaged in making exempt supply) , does clause 44 of Form 3CD Report apply or not?

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