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Archive: 22 April 2023

Posts in 22 April 2023

A Note on Environmental, Social, and Governance (ESG) Compliance

April 22, 2023 4119 Views 0 comment Print

Environmental, Social, and Governance (ESG) refers to a set of non-financial performance indicators that companies use to evaluate their impact on the environment, society, and corporate governance structure.

Addition u/s. 68 merely based on SMS or WhatsApp messages without corroborative evidence unsustained

April 22, 2023 8250 Views 0 comment Print

ITAT Kolkata held that addition towards undisclosed income u/s 68 of the Income Tax Act merely based on the SMS or WhatsApp messages without any corroborative evidences is unsustainable in law.

Anti-dumping duty is leviable based on commercial supply of item in the domestic industry

April 22, 2023 834 Views 0 comment Print

CESTAT Delhi held that Clad with compatible non-clad aluminium foil didn’t had any commercial supplies in the domestic industry during the period of investigation and hence anti-dumping duty on the same is not leviable.

Revenue should adjudicate show cause notice within a reasonable time

April 22, 2023 2085 Views 0 comment Print

Delhi High Court held that revenue should adjudicate show cause notice expeditiously and within a reasonable time. Accordingly, continuation of proceedings for adjudication after a lapse of almost 13 years impermissible.

Hail! Principles Of Natural Justice!

April 22, 2023 1968 Views 0 comment Print

In a historic ruling, the Supreme Court mandates adherence to natural justice principles in bank fraud classifications, impacting borrowers’ rights.

Valuations of Iife Insurance under GST

April 22, 2023 3327 Views 0 comment Print

Under old indirect tax, a 15% service tax was levied on value of considerations which is being charged by insurer from insured in form of a premium.

Save the date June 30, 2023 for GST Amnesty Scheme

April 22, 2023 16764 Views 4 comments Print

Mark your calendar for June 30, 2023, as the deadline for the GST Amnesty Scheme approaches. Explore the benefits, including GST registration revocation, late fee waivers, and more.

Legal & Policy Framework for Ensuring Well-Being of Women Workers in India

April 22, 2023 618 Views 0 comment Print

Given the obstacles they encounter at work, women’s well-being has long been an issue in India. These challenges tend to have a connection to social, economic, and legal aspects. Although there are legislation and processes in place to protect the rights of women workers, they are not always adhered to by numerous corporations.

Improving Labor Standards in Unorganized Sector: Challenges & Opportunities

April 22, 2023 600 Views 0 comment Print

The unorganized sector, also known as the informal sector, is a term used to describe employment that is not regulated by the government or formal institutions. It includes various types of self-employment and small-scale enterprises, which operate outside the purview of labor laws and regulations.

Old vs. New Tax Regime: Which is better for filing ITR for F.Y. 2023-24

April 22, 2023 6519 Views 0 comment Print

Explore the comparison between the old and new tax regimes for filing ITR in FY 2023-24. Understand the key changes, deductions, exemptions, and income levels to make an informed decision. Updated on April 20, 2023.

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