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Archive: 31 August 2023

Posts in 31 August 2023

Aluminium and Aluminium Alloys (Quality Control) Order, 2023

August 31, 2023 2679 Views 0 comment Print

 Ministry of Mines has made a significant move by issuing the Aluminium and Aluminium Alloys (Quality Control) Order, 2023. This order, backed by the Bureau of Indian Standards, aims to regulate the quality of various aluminium products within India. Set to come into effect three months after its publication, this order establishes key guidelines for […]

Unconstitutional Excise Duty Collection by Central Government: 16/09/2016 to 30/06/2017

August 31, 2023 1218 Views 0 comment Print

Explore the constitutional issues surrounding the Central Government’s Excise Duty collection from September 2016 to June 2017. Uncover the research and discussions on the implications, legal perspectives, and the appellant’s efforts to address the matter through writ proceedings.

Copper (Quality Control) Order, 2023

August 31, 2023 1857 Views 0 comment Print

Ministry of Mines has recently issued an important directive called the Copper (Quality Control) Order, 2023, in association with the Bureau of Indian Standards. This order comes into effect three months after its publication and sets new regulations concerning the quality of copper and related products in India. MINISTRY OF MINES ORDER New Delhi, the […]

Guidelines for PLI Scheme for Automobile and Auto Component

August 31, 2023 642 Views 0 comment Print

Guidelines for Production Linked Incentive (PLI) Scheme for Automobile and Auto Component- The Ministry of Heavy Industries has recently released an amendment to the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component industry. Dated 31st August 2023, this official notification revises the scheme initially put into place in September 2021. The amendments […]

Data Protection Act 2023 – A primer

August 31, 2023 1902 Views 0 comment Print

Explore the key aspects of the Data Protection Act, 2023 (DPA) in India. Understand its extraterritorial applicability, rights of individuals, obligations on organizations, and types of organizations affected. Learn about due diligence, compliance, and the impact on various sectors.

Revocation of Customs Broker licence as exporters untraceable during subsequent verification unjustified

August 31, 2023 894 Views 0 comment Print

CESTAT Kolkata held that Customs Broker cannot be held responsible for the exporters found to not exist during subsequent verification undertaken by the officers. Accordingly, revocation of Customs Broker licence unjustified.

Addition based on claim of payment of cash in civil suit sustained as source of cash payment not explained

August 31, 2023 942 Views 0 comment Print

ITAT Mumbai held that addition towards unexplained and undisclosed income sustained as assessee itself claim payment of cash in the civil suit and failed to explain the source of the cash payment.

The Crucial Role of Due Diligence In M&A Transactions

August 31, 2023 1002 Views 0 comment Print

Explore the crucial role of due diligence in M&A transactions. Understand the buy side and sell side perspectives, challenges faced, and strategies to enhance the due diligence process. Learn how due diligence helps in evaluating financial, legal, operational, and strategic aspects, minimizing risks, and ensuring successful transactions.

यदि खरीददार ने माल प्राप्त नहीं किया है तो वापसी के लिए क्रेडिट नोट की आवश्यकता नहीं है

August 31, 2023 2418 Views 0 comment Print

आपने ठीक पढ़ा मद्रास हाई कोर्ट ने उपरोक्त निर्णय निम्न केस में दी है ।जिसकी समीक्षा निम्न प्रकार प्रस्तुत है सर्वश्री ल्यूमिनस पावर टेक्नोलॉजीज प्राइवेट लिमिटेड चेन्नई बनाम राज्य कर तमिलनाडु राज्य 2023 WP No. 17241 निर्णय दिनांक 26/07/2023 वाद के तथ्य  लुमिनस पावर टेक्नोलॉजी प्राइवेट लिमिटेड चेन्नई सौर ऊर्जा से संबंधित सभी उपकरणों का […]

Depreciation on right to build and operate tool road is admissible as intangible asset

August 31, 2023 1125 Views 0 comment Print

ITAT Delhi held that right to build and operate toll road are considered to be an intangible assets and accordingly depreciation as admissible to intangible assets is available to it.

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