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Archive: September, 2022

Posts in September, 2022

Constitution of GoM for boosting Real Estate Sector under GST regime

September 22, 2022 1923 Views 0 comment Print

Constitution of Group of Ministers (GoM) for boosting Real Estate Sector under GST regime – reg. In partial modification to the OM of even number dated 15.01.2019, 05.01.2022 & 10.02.2022 on the subject cited above, it is stated that reconstituted membership of the GoM is as follows: –

75% deposit as pre-condition for admission of appeal under MSMED Act not complied- Writ Not Maintainable

September 22, 2022 2304 Views 0 comment Print

Chemflo Industries Pvt. Ltd. Vs KMC Construction Ltd. and another (Orissa High Court) Petitioner submits, impugned is order dated 13th March, 2015 passed on the interlocutory application of his client made in arbitration petition (ARBP no. 122 of 2013), of purported challenge of opposite parties to award dated 29th January, 2011. He submits, by the […]

Company IPO – Pricing of Shares

September 22, 2022 2202 Views 0 comment Print

Learn about the role of investment banks in IPO management, including the underwriting process and the formation of syndicates to diversify risk.

CARO Checklist 2022

September 22, 2022 48161 Views 2 comments Print

Article contains Checklist for Matters to be included in auditor’s report under Companies (Auditor’s Report) Order (CARO) as applicable for financial statement of Financial year 2021-22.

Conunmdrum of And/Or in Applicability of IGCR Rules, 2022 for Specified End Use

September 22, 2022 5397 Views 1 comment Print

Understand the Conundrum of And/Or in the Applicability of IGCR Rules, 2022 for Specified End Use. Stay updated with the latest customs regulations in India.

Comments on Companies (CSR Policy) Amendment Rules, 2022

September 22, 2022 5091 Views 0 comment Print

Stay updated with the Companies (CSR Policy) Amendment Rules, 2022. Learn how the amended provisions affect CSR policies.

Penalty under Section 11AC of excise Act cannot be imposed mechanically

September 22, 2022 3489 Views 0 comment Print

In absence of any such specific allegation in show cause notice authority cannot mechanically impose penalty under Section 11AC of Excise Act

Section 23(5) taxing Unsold Flats of Real Estate Business Applicable from A.Y. 2018-19

September 22, 2022 9154 Views 0 comment Print

Section 23(5) of Income Tax Act (Notional Rent Tax on Real Estate unsold flats) introduced from 01/04/2018 and would be applicable only from A.Y.2018-19 onwards.

Interest withdrawal under section 244A(2) is outside the scope of section 154

September 22, 2022 1758 Views 0 comment Print

Otis Elevator Company (India) Limited Vs DCIT (ITAT Mumbai) ITAT held that given the limited scope of section 154 for rectification of mistakes apparent on record and given the fact that the period to be excluded for grant of interest has not yet been taken a call on by the PCCIT/CCIT/PCIT or the CIT, the […]

No Unjust Enrichment when Service Tax Refund Claim was Time Barred

September 22, 2022 1833 Views 0 comment Print

Krishna Construction Co. Vs Commissioner of Central Goods And Service Tax (CESTAT Allahabad) In the instance case service tax was liable to be paid at the relevant time and it is only subsequently that by a retrospective amendment, exemption was granted with a specific condition that refund could be claimed by filing it within six […]

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