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Archive: July, 2023

Posts in July, 2023

Voluntary Strike off of LLP

July 22, 2023 2805 Views 0 comment Print

Explore the process of Voluntary Strike off for Limited Liability Partnerships (LLPs). Understand the advantages, reasons, and step-by-step guide for a smooth closure. Discover the prerequisites, compliance, and aftermath of filing Form-24. Benefit from a quick and compliance-free route to dissolve an inactive LLP, avoiding fines and liabilities.

Understanding Benami Property: Definition, Offenses & Examples

July 22, 2023 22374 Views 3 comments Print

Learn about Benami properties, their definition, motive, and legal implications. Explore examples of Benami transactions and the consequences for Benamidars and Beneficial Owners.

जीएसटी धारा 69 की वैधता – आशीष कक्कड़ मामले में इलाहाबाद उच्च न्यायालय के फैसले का विश्लेषण

July 22, 2023 1686 Views 0 comment Print

Dive into the legal challenge against Section 69 of CGST Act. Sri Vikram Chaudhary vs. Union of India. Arrest, confession, and constitutional arguments explored.

No Section 271(1)(c) Penalty if no Variation in Returned & Assessable Income

July 22, 2023 10221 Views 0 comment Print

ITAT has held in the case of Meera Anirudha Mirgunde Vs ITO that when there is no variation in the returned and assessable income, penalty under section 271(1)(c) of the Income Tax Act is not leviable.

SC Sets Deadline for Adjudication of 10-Year-Old CENVAT Credit Case

July 22, 2023 1905 Views 0 comment Print

India’s Supreme Court orders the conclusion of a decade-old case involving CENVAT credit demand within eight weeks. Learn more about the historic ruling of Commissioner vs Swati Menthol and Allied Chemicals Ltd.

Writ jurisdiction cannot be invoked for a second section 154 rectification application as order is appealable

July 22, 2023 1224 Views 0 comment Print

In S.P. Paper Packaging Pvt Ltd Vs Union of India, the Calcutta High Court rules that the writ jurisdiction cannot be invoked for a second rectification application under section 154 of the Income Tax Act, 1961, as the order is appealable.

Towards a Stronger Future: Corporate Restructuring Initiatives

July 22, 2023 1728 Views 0 comment Print

Explore the world of Corporate Restructuring – a strategic process reshaping businesses for short-term and long-term objectives. Understand its types, motives, historical context, and crucial role of professionals. Delve into financial, market, technological, and organizational restructuring methods. Stay informed on global and national perspectives shaping the corporate landscape

CCI: No Dominance in Relevant Market, No Abuse of Competition Act

July 22, 2023 1044 Views 0 comment Print

Explore an in-depth analysis of the case between Devendra Nath and M3M India Pvt. Ltd, dealing with allegations of competition act abuse in real estate.

CCI Clears JKG Construction of Anti-Profiteering Charges

July 22, 2023 696 Views 0 comment Print

CCI dismisses anti-profiteering case against JKG Construction Pvt. Ltd., confirming no additional projects beyond JKG Palm Court were executed.

CCI Dismisses Anti-Profiteering Case: L&T Parel Project LLP

July 22, 2023 606 Views 0 comment Print

Read the full text of the Competition Commission of India’s decision to dismiss Anti-Profiteering proceedings against L&T Parel Project LLP.

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