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Archive: 14 October 2022

Posts in 14 October 2022

HC grants Regular Bail to CA Gaurav Dhir in Gurgaon GST Refund Case

October 14, 2022 2577 Views 0 comment Print

Punjab and Haryana High Court grants Regular Bail (U/s 439 of Cr. P.C.) to CA Gaurav Dhir in Gurgaon GST Refund Case. Explore the case details, the grounds for bail, and the conditions imposed by the court. Stay informed about the legal nuances in economic offense cases and the significance of bail in preserving the right to liberty.

Introduction of Customs Brokers Licensing Management System (CBLMS)

October 14, 2022 3756 Views 1 comment Print

It has been decided to implement CB Profile module of CBLMS project which entails integration of data of existing Customs Brokers in CBLMS portal

CBDT notifies Norges Bank as sovereign wealth fund U/s. 10(23FE)

October 14, 2022 507 Views 0 comment Print

CBDT notifies sovereign wealth fund, namely, Norges Bank On Account Of The Government Pension Fund Global  vide Notification No. 115/2022-Income Tax | Dated: 14th October, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 115/2022-Income Tax | Dated: 14th October, 2022 S.O. 4893(E).—In exercise of powers conferred by […]

Procedure to apply for Permission for Export of broken rice under quota

October 14, 2022 2010 Views 0 comment Print

Export of broken rice under HS Code 1006 40 00 of Chapter 10 of ITC (HS), 2018, Schedule — II (Export Policy) will be allowed for the period up to 31st March, 2023, for the year 2022-23.

Appeal e-filed timely cannot be set-aside for mere delay in certified physical copy submission

October 14, 2022 1755 Views 0 comment Print

G.G. Agencies Girijeshwar Rice Mill Vs State of Karnataka & Ors. (Karnataka High Court) High Court held that as long as the appeal was preferred electronically within the prescribed period, merely because the certified copy was subsequently filed physically by the petitioner / assessee, the said circumstance cannot be made the basis to come to […]

IRDAI penalises Axis Bank for Making undue gains in share transactions

October 14, 2022 828 Views 0 comment Print

Charge of Not complying with the directions issued by the IRDAI against Axis Bank Limited. Decision: The corporate agent Axis Bank Ltd has not complied with the directions issued by the Authority vide letters dated 28th January, 2021, and dated 5th February, 2016. Therefore, a penalty of Rs 1 crore (Rupees One Crore only) is […]

Tariff Notification No. 89/2022-Customs (N.T.), Dated: 14.10.2022

October 14, 2022 768 Views 0 comment Print

Tariff Notification No. 89/2022-Customs (N.T.), Dated: 14.10.2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 89/2022-Customs (N.T.) New Delhi, 14th October, 2022 ASVINA 22, 1944 (SAKA) S.O. 4894(E).– In exercise […]

Rate of Interest held to be same for builder and buyer in case of default: SC

October 14, 2022 7626 Views 0 comment Print

In present facts of the case, the Hon’ble Supreme Court held that the builder should also pay interest for it’s default to the buyer at the same rate (18% in this case), which is collected by him on default of the buyer as per agreement.

Income of Peer to be considered while determining Compensation under MV Act: SC

October 14, 2022 1440 Views 0 comment Print

In present case, the Hon’ble Supreme Court enhanced the compensation under Motor Vehicles Act, 1988 by observing that the income of people of the similar status as of deceased have to be taken into consideration

Part Payment made shall be endorsed under Section 56 to attract Section 138 of NI Act: SC

October 14, 2022 14754 Views 0 comment Print

In present facts of the case, the Hon’ble Supreme Court while dismissing the appeals held that the offence under Section 138 of the Negotiable Instruments Act 1881 would not be committed if the drawer of the cheque pays a part or whole of the sum between the period when the cheque is drawn and when it is encashed upon maturity, then the legally enforceable debt on the date of maturity would not be the sum represented on the cheque; and when a part or whole of the sum represented on the cheque is paid by the drawer of the cheque, it must be endorsed on the cheque as prescribed in Section 56 of the Act. If the cheque that is endorsed is dishonoured when it is sought to be encashed upon maturity, then the offence under Section 138 will stand attracted

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