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Archive: 24 July 2023

Posts in 24 July 2023

Intellectual Property Rights Policy Management: All You Need to Know

July 24, 2023 603 Views 0 comment Print

India’s IPR Policy Management framework encompasses eight types of intellectual property rights and ensures streamlined application and protection processes.

EPF Interest Rate for 2022-23 Announced at 8.15%

July 24, 2023 792 Views 0 comment Print

India’s Ministry of Labour and Employment has declared an 8.15% interest rate for Employees’ Provident Fund (EPF) accounts for the year 2022-23.

Smuggled High-End Watches Worth Rs. 30 Crores Seized by DRI

July 24, 2023 798 Views 0 comment Print

Directorate of Revenue Intelligence (DRI) seizes over 30 crore worth of smuggled high-end premium watches of foreign origin. Smuggler arrested under Customs Act.

CGST Lucknow Zone: Fake ITC Racket Busted, Rs.750 Crores Scam

July 24, 2023 1209 Views 0 comment Print

CGST Commissionerate Agra exposes a massive fake ITC racket involving Rs.750 Crores transactions and Rs.134 Crores ITC. One arrest made, investigation ongoing.

Representation on Glitches in Income Tax Portal: Non-display of notices

July 24, 2023 13332 Views 0 comment Print

Karnataka State Chartered Accountants Association addresses technical glitches in the ‘e-proceedings’ tab of the IT portal regarding non-display of recent notices.

Issue of Summons by Income-tax Authorities

July 24, 2023 8358 Views 0 comment Print

Explore the intricacies of summons issued by Income-tax Authorities under Section 131 of the Income-tax Act. Learn about the authorities empowered to issue summons, their powers, and the specific purposes for which summons can be issued. Understand the importance of recording reasons, compliance, representation, and the nuances surrounding the presence of lawyers during summons. Stay informed about the legal aspects to ensure due process and minimize unnecessary litigations.

Easy Ways to Choose the Best Free Online Demat and Trading Account

July 24, 2023 567 Views 0 comment Print

As per the rules notified by the Securities and Exchange Board of India (SEBI), it is mandatory to have a Demat account in order to trade in Indian securities. Apart from regulatory compliance, you must opt for a Demat account for the numerous benefits that it offers.

Matter remanded for fresh re-consideration as cross-examination of key witnesses not allowed

July 24, 2023 600 Views 0 comment Print

CESTAT Chandigarh remanded the matter to the Adjudicating Authority for a fresh re-consideration as cross-examination to key witnesses was not allowed.

Bail application rejection for non-satisfying twin conditions u/s 45 of PMLA, 2002

July 24, 2023 1104 Views 0 comment Print

Chhattisgarh High Court held that bail application filed u/s. 439 of Cr.P.C. rejected as the applicant is unable to satisfy twin conditions for the grant of bail under Section 45 of the PMLA, 2002.

Person summoned u/s 69 of CGST Act, 2017 cannot invoke section 438 of Code of Criminal Procedure

July 24, 2023 3696 Views 0 comment Print

Supreme Court held that any person summoned under Section 69 of the CGST Act, 2017 for the purpose of recording the statements cannot invoke Section 438 of the Code of Criminal Procedure. The respondent should sought recourse by filing criminal application under Article 226 of the Constitution of India.

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