Stakeholders are now required to ensure that the Financials are audited within the stipulated timeframe so that the disclosure made w.r.t outstanding deposits including exempted deposits in Web Form DPT-3 by 30th June every year in an accurate and appropriate manner so that the true essence of this form is maintained with enhanced transpa...
RBI/2022-23/158, CO.DPSS. OVRST. No. S1 619/06-08-005/2022-2023 -
26/12/2022
RBI had operationalised the Central Payments Fraud Information Registry (CPFIR) in March 2020 with reporting of payment frauds by scheduled commercial banks and non-bank Prepaid Payment Instrument (PPI) issuers....
GST was Introduced in India to make a convenient and simple indirect tax law for the taxpayers, but from the very beginning, some of such provisions were brought in this law, about which experts had warned in the beginning that these provisions will affect the simplification of GST Negatively and these provisions will make this […]...
B M Autolink Vs C.C.E.-Kutch (Gandhidham) (CESTAT Ahmedabad) -
B M Autolink Vs C.C.E.-Kutch (Gandhidham) (CESTAT Ahmedabad) We find that the fact is not under dispute that the appellant being a dealer purchase the vehicles from M/s. Maruti Suzuki India Ltd. and subsequently sell the same to various customers. The transaction between M/s. Maruti Suzuki India Ltd. and the dealer and subsequently sale t...
Digital fraud is a type of fraud that is perpetrated through the use of digital technologies. This can include things like online scams, identity theft, and other types of cybercrime....
The law of diminishing marginal utility is an economic principle that states that as a person consumes more and more of a particular good or service, the additional satisfaction or utility they derive from each additional unit decreases. In other words, the first unit of a good or service is likely to be more valuable […]...
Resolution Plan of Sintex Industries Limited (Corporate Debtor) was approved by Committee of Creditors (CoC) members on 19.03.2022 and the same has been submitted for approval before Hon’ble National Company Law Tribunal (NCLT), Ahmedabad for approval on 23.03.2022. Resolution Plan approved by CoC members of Corporate Debtor was uncondi...
Balaji Janakiraman Vs ACIT (OSD) (ITAT Chennai) -
Balaji Janakiraman Vs ACIT (OSD) (ITAT Chennai) In the case of Smt. NS. Lakshmi, the assessee had taken a sum of Rs.20 lakhs through bank, and out of Rs.20 lakhs, the AO has accepted a sum of Rs.6 lakhs as genuine, and the remaining amount of Rs.14 lakhs has been added as unexplained credit. The […]...
Anti-defection law in India refers to the legislation that aims to curb the practice of politicians switching parties for personal gain, such as for the purpose of securing a ministerial position or obtaining other perks and benefits. This law applies to members of parliament (MPs) and members of state legislative assemblies (MLAs) in Ind...
. -
रिवर्स चार्ज मेकेनिज्म जिसे आम तौर पर RCM के नाम से जाना जाता है यह भी एक ऐसा ही प्रावधान है जो प्रारम्भ से ही विवादों का विषय रहा और इ...