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Archive: 05 January 2024

Posts in 05 January 2024

Brief History of Anti-Defection Laws in India Along With its Challenges in Modern Time

January 5, 2024 366 Views 0 comment Print

Explore the evolution of Anti-Defection Laws in India, from its inception to modern challenges. Understand the legal intricacies and their impact on political stability.

Non-Appointment of CS: MCA reduces Penalty from Rs. 6 Lakh to Rs. 2 Lakh

January 5, 2024 2562 Views 0 comment Print

Explore the appeal filed under Companies Act, 2013 by Hwaseung IA Automotives. Analysis of penalty reduction and compliance order. Latest update on corporate affairs.

No Income Tax on Interest-Free Refundable Project Deposit: Andhra Pradesh HC

January 5, 2024 1002 Views 1 comment Print

Explore the Coastal Ceramics vs Union of India case where AP High Court rules that an interest-free refundable security deposit for project completion is not subject to income tax for AY 2019-20.

Section 5 Provision under Amended Act on Benami Property Transactions Applies Prospectively: Madras HC

January 5, 2024 963 Views 0 comment Print

Explore the Madras High Court’s stance on applying Section 5 of the Amended Prohibition of Benami Property Act retrospectively. Analysis of recent judgments and implications for pending cases.

CESTAT Upholds Reassessment Order in Customs Duty Refund Case

January 5, 2024 552 Views 0 comment Print

Explore the case of Commissioner of Customs vs. Rajhans Enterprises: CESTAT’s decision on reassessment for refund of excess customs duty and the legal implications.

NFRA Imposes 10-Year Ban, Rs. 20 Lakh Penalty on CA for Professional Misconduct

January 5, 2024 31638 Views 0 comment Print

NFRA imposed a monetary penalty of Rs Twenty Lakhs on CA Anil Chauhan and debarred for ten years from being appointed as auditors for non-compliance in Seya Industries Limited’s audit.

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