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Archive: December, 2023

Posts in December, 2023

Amendment in Rice Export Policy: Changes in Conditions 55 & 57

December 12, 2023 1782 Views 0 comment Print

Explore the latest amendment to the ITC(IIS) Export Policy, 2018 by the Ministry of Commerce, affecting conditions for exporting Basmati and Non-Basmati rice to European countries.

Bharatiya Sakshya (Second) Bill, 2023 is introduced in Lok Sabha

December 12, 2023 1188 Views 0 comment Print

BHARATIYA SAKSHYA (SECOND) BILL, 2023 (Bill No. 175 of 2023) is introduced in Lok Sabha on 12th December 2023. The bill seek to replace Indian Evidence Act, 1872. Earlier bill presented was withdrawn by Home Minister Amit Shah. STATEMENT OF OBJECTS AND REASONS The Indian Evidence Act, 1872 was enacted in the year 1872 with […]

Bharatiya Nagarik Suraksha (Second) Sanhita, 2023 introduced in Lok Sabha

December 12, 2023 2820 Views 0 comment Print

Bharatiya Nagarik Suraksha (Second) Sanhita, 2023 (Bill No. 174 of 2023) is introduced in Lok Sabha on 12th December 2023. The bill seek to replace The Code of Criminal Procedure, 1973. Earlier bill presented was withdrawn by Home Minister Amit Shah. STATEMENT OF OBJECTS AND REASONS The Code of Criminal Procedure, 1973 regulates the procedure […]

Bharatiya Nyaya (Second) Sanhita, 2023 introduced in Lok Sabha

December 12, 2023 1125 Views 0 comment Print

Bharatiya Nyaya (Second) Sanhita, 2023 (Bill No. 173 of 2023) is introduced in Lok Sabha on 12th December 2023. The bill seek to replace Indian Penal Code, 1860.  Earlier bill presented was withdrawn by Home Minister Amit Shah. STATEMENT OF OBJECTS AND REASONS In the year 1834, the first Indian Law Commission was constituted under […]

Fast Track Mergers In India

December 12, 2023 5841 Views 0 comment Print

Explore streamlined process of fast-track mergers in India under Companies Act 2013. Eligibility, procedure, challenges, and recent amendments discussed for a clearer understanding.

Income Tax: Constitutional validity of sub-clause (xviii) to section 2(24) under challenge

December 12, 2023 4527 Views 0 comment Print

Explore the legal battle: Serum Institute of India vs Union of India (Bombay HC). Analysis of sub-clause (xviii) to section 2(24) and its constitutional validity.

Tax Recovery Procedures Must Adhere to Legal Standards: Delhi HC

December 12, 2023 1476 Views 0 comment Print

Explore the detailed analysis of Lovelesh Singhal Prop Shivani Overseas vs Commissioner case, where Delhi High Court emphasizes adherence to proper tax recovery procedures.

Unveiling the Secrets of a HUF: Formation, Benefits & Tax Implications

December 12, 2023 3921 Views 2 comments Print

Discover the simplicity of Hindu Undivided Family (HUF) formation, explore its tax advantages, and unleash the potential for estate planning and business benefits.

Denial of bail merely alleging that petitioner is Hawala Operator unjustified

December 12, 2023 1341 Views 0 comment Print

Delhi High Court granted the bail application in the extortion case concluding that merely because the petitioner has been alleged to be a Hawala Operator, the bail cannot be denied to him.

No reassessment beyond 4 years as assessee disclosed Agricultural Land sale in return during scrutiny assessment

December 12, 2023 3582 Views 0 comment Print

Reassessment initiated beyond 4 years was quashed as assessee had disclosed the information with regard to the sale of the agricultural land and all the particulars with regard to sale of agricultural land was disclosed before AO in full extent and there was no failure on the part of assessee with regard to providing material facts and the notice issued under Section 148 and 149 of the Act for re-opening assessment.

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