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Archive: September, 2023

Posts in September, 2023

Seizure of cash on suspicion that it was unaccounted cash by GST authorities is illegal: Delhi HC

September 20, 2023 1659 Views 0 comment Print

Delhi High Court’s order on the illegal seizure of cash by GST authorities, emphasizing immediate release and potential refund. Case analysis and conclusions.

GST Registration cannot be cancelled if SCN & Order lacks Specific Allegations

September 20, 2023 1095 Views 0 comment Print

Learn about the Delhi High Court’s judgment on GST registration cancellation, reasons, and implications. Green Polymers vs. Union of India & Ors case analysis.

SC Stays Karnataka HC’s Rs. 21,000 Cr GST Notice Quash – Gameskraft Case

September 20, 2023 4056 Views 0 comment Print

Supreme Court stays Karnataka HC’s judgment quashing Rs.21,000 Crore GST notice issued to Gameskraft Technologies. Analysis of the case and implications.

No Penalty under 271(1)(c) for Bonafide Assessee: ITAT Delhi

September 20, 2023 1041 Views 0 comment Print

In a landmark decision, ITAT Delhi rules no penalty under 271(1)(c) for a bonafide assessee who revised and added interest income. Analysis of Pramila Tarneja Vs DCIT case.

Mens Rea Necessary for Penalty under Central Excise Rules: CESTAT

September 20, 2023 822 Views 0 comment Print

CESTAT Chandigarh rules on penalty in CCE-Jammu Vs. Khyber Industries (P) Ltd. Detailed analysis of mens rea requirement under Rule 25 of Central Excise Rules.

RBI Introduces Data Quality Index for Commercial & Microfinance Segments

September 20, 2023 4746 Views 0 comment Print

RBI’s latest circular introduces a Data Quality Index (DQI) for Commercial and Microfinance segments, aiming to assess data quality in financial sector.

CBI Arrests Chartered Accountant for Rs. 50,000 Bribe

September 20, 2023 27491 Views 0 comment Print

Central Bureau of Investigation apprehends a Chartered Accountant for accepting a bribe of Rs. 50,000. Explore details of this case and its implications.

Amendments to IBBI Regulations for Insolvency Professionals

September 20, 2023 708 Views 0 comment Print

Insolvency and Bankruptcy Board of India (IBBI) introduces amendments simplifying enrolment, registration, and compliance processes for insolvency professionals.

Spotting Job Scams: Protect Your Career with Smart Checks

September 20, 2023 900 Views 0 comment Print

When job hunting online, watch out for high-paying job scams. Learn how to verify company legitimacy and safeguard your career with our guide.

Customs Circular 22/2023: Ex-Bond Shipping Bill in ICES 1.5

September 19, 2023 4061 Views 0 comment Print

Explore Circular 22/2023 from the Ministry of Finance, discussing the implementation of Ex-Bond Shipping Bill in ICES 1.5 for warehoused goods export.

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