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Archive: 26 June 2023

Posts in 26 June 2023

Right to adequate housing and climate change: One Nation One Housing Policy

June 26, 2023 819 Views 0 comment Print

Source- A/HRC/52/28: Towards a just transformation: climate crisis and the right to housing – Report of the Special Rapporteur on the right to adequate housing, Balakrishnan Rajagopal One Nation One Housing Policy (India Centric Vision 2030 – Dravidian Model of Eradicating Universal Shelterlessness) And in Line with United Nation Special Rapporteur Report of March 2023 […]

Foreign travel expenditure incurred for obtaining donations is allowable

June 26, 2023 984 Views 0 comment Print

ITAT Bangalore held that foreign travel expenses incurred for obtaining donations which are utilized for charitable purpose is allowed as expenditure.

Customs exemption available to PET granules under input category used during manufacture of moulds

June 26, 2023 231 Views 0 comment Print

CESTAT Mumbai held that customs exemption in terms of notification no. 52/2003-Cus dated 31st March 2003 is duly available to ‘polyethylene (PET) granules’ under input category as used during manufacture of ‘moulds’.

EOU eligible to avail exemption as per notification no. 10/1997-CE dated 1.03.1997

June 26, 2023 423 Views 0 comment Print

CESTAT Chennai held that benefit of exemption in terms of section 5A vide notification no. 10/1997-CE dated 1.03.1997 duly extended to EOU.

Trade Discount Treated as Consideration Received towards Supply of Market Service: Maharashtra AAAR

June 26, 2023 2646 Views 0 comment Print

Discover the Maharashtra Advance Ruling Authority’s decision on trade discounts and their treatment as consideration for the supply of marketing services. Explore the conditions for qualifying as a trade discount under GST law, and learn about the specific case of M/s MEK PERIPHERALS INDIA PRIVATE LIMITED. Understand the implications of the ruling on incentives received under the Intel Authorized Components Supplier Program (IACSP) and the importance of agreements and conditions for such transactions. Stay informed on GST regulations and their impact on trade practices.

Value fixed by Valuation Committee adopted without revealing methodology and basis is incorrect

June 26, 2023 375 Views 0 comment Print

CESTAT Chennai held that adopting the values as fixed by the Valuation Committee without revealing the methodology and basis adopted for such values is not correct and is not in accordance with the Valuation Rules.

Online Loans: Navigating Legal Waters in the Digital Finance Landscape

June 26, 2023 231 Views 0 comment Print

In our increasingly digitized world, financial transactions have followed suit, moving away from brick-and-mortar locations and towards online platforms. One of the significant developments in this trend has been the rise of online loan companies. However, as with every novel development, a central question arises: are online loans legal?

Once CIRP initiated, IT dept cannot initiate fresh proceedings: Calcutta HC

June 26, 2023 1047 Views 0 comment Print

Calcutta High Court rules that initiation of fresh proceedings against an entity under CIRP is barred by IBC Section 238, quashing IT department’s order and subsequent actions against MSP Metallics Limited.

Tax Dispute: HC grants stay subject to furnishing of personal bond, Stayed condition of furnishing a bank guarantee

June 26, 2023 747 Views 0 comment Print

In a recent judgment, the Madras High Court has ruled in favor of accepting personal bonds instead of bank guarantees in a disputed tax case, aiding the petitioner, Burnt Umber Fashion Pvt. Ltd.

Exit Policy For Employees: A Comprehensive Guide

June 26, 2023 8109 Views 0 comment Print

Discover a comprehensive guide to the Employee Exit Policy. From notice periods and exit interviews to the return of company property, final pay, and benefits, this guide outlines crucial procedures. Learn about exit documentation, access termination, confidentiality, non-disparagement, and post-employment support. Clear communication and adherence to legal compliance ensure a positive offboarding experience for both employees and the organization.

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