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Archive: 13 January 2024

Posts in 13 January 2024

Non-Stamped Document Won’t Affect CIRP Maintainability if Material to Prove Debt Default Exists: NCLAT

January 13, 2024 693 Views 1 comment Print

Explore the NCLAT Delhi judgment on non-stamped documents affecting CIRP. Learn how it impacts the case of Hiren Meghji Bharani vs. Shankheshwar Properties Pvt. Ltd.

CoC Decision on Resolution Professional Replacement Upheld by NCLAT Delhi

January 13, 2024 423 Views 0 comment Print

In a case involving Partha Sarathy Sarkar vs. Specified Undertaking of Unit Trust of India Ltd., NCLAT Delhi upholds the CoC decision on replacing the Resolution Professional.

Post GST Registration cancellation Uploading Notice on Portal Insufficient: Allahabad HC

January 13, 2024 2346 Views 0 comment Print

Allahabad High Court rules on CGST registration cancellation – adequate notice must be served, not just portal uploading. Detailed analysis and implications.

CESTAT deletes penalty as statement lacked corroboration & was insufficient to sustain penalty

January 13, 2024 357 Views 0 comment Print

The tribunal concluded that the Commissioner failed to present additional evidence beyond co-accused statements, mirroring the trial court’s findings. Emphasizing the principle of double jeopardy, the tribunal set aside the penalty imposed under Section 114 of the Customs Act, granting victory to Abdul Razak.

Patna HC upholds 8% Sales Tax on ‘Korai’ as Residuary Item

January 13, 2024 252 Views 0 comment Print

Explore the Patna High Court’s judgment on Raj Kumar Sao Kishori Lal Sao vs. State of Bihar regarding ‘Korai’ taxation. Detailed analysis of purchase tax and cattle feed status.

Eligibility of Input Tax Credit on Roof-Top Solar System Installation & Commissioning

January 13, 2024 6123 Views 0 comment Print

In re Unique Welding Products Pvt. Ltd (GST AAR Gujarat) Introduction: The integration of solar power systems has become a prevalent practice among businesses aiming to embrace sustainable and eco-friendly energy solutions. This article delves into a specific case, namely the ruling in the matter of Unique Welding Products Pvt. Ltd. vs. GST AAR Gujarat, […]

Denial of budgetary support scheme to industrial units not required to register under Central Excise unjustified

January 13, 2024 450 Views 0 comment Print

Gauhati High Court held that industrial units which was not required to be registered under the Central Excise Act, either due to low threshold limit or as manufacturing goods that were exempted, cannot be denied benefit of budgetary support scheme.

Clandestine removal allegation based on certain statements untenable as cross-examination denied

January 13, 2024 522 Views 0 comment Print

CESTAT Mumbai held that witnesses relied upon by the central excise authorities are not acceptable evidence in the absence of cross-examination that was denied. Hence, matter alleging clandestine removal mainly resting upon certain statements is remanded back to enable cross-examination.

FSSAI: Provision for Updated/Revised Annual Return

January 13, 2024 1863 Views 0 comment Print

Introduction: The food industry is a critical sector that demands stringent regulatory compliance to ensure the safety and quality of consumables. The FSS (Licensing and Registration of Food Businesses) Regulations, 2011, set out guidelines for Manufacturers and Importers to submit their annual returns by 31st May each year. Recognizing the need for flexibility and rectification […]

NFAR Annual Report 2022-23

January 13, 2024 1203 Views 0 comment Print

The NFAR Annual Report for 2022-23 reflects a pivotal year marked by significant achievements and milestones. This comprehensive report, offers stakeholders a holistic view of NFAR operations and activities throughout the year. Notably, the grantee status granted by Parliament in the Supplementary Grants of 2022-23 has bolstered NFRA’s financial autonomy. NFRA focus on audit quality […]

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