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Archive: 09 February 2024

Posts in 09 February 2024

RBI Raises NEDs Fixed Remuneration Cap to ₹30 Lakh

February 9, 2024 450 Views 0 comment Print

Discover the RBI’s latest update enhancing Non-Executive Directors’ remuneration to ₹30 lakh/yr, aiming to attract qualified board members. Read now for details!

Mismatch between GSTR-3B & GSTR-2A: HC remanded matter back to AO

February 9, 2024 1773 Views 0 comment Print

Kerala High Court rules in favor of Kochi Medicals in GST dispute, setting aside previous orders based on Circular No. 183/15/2022-GST guidelines.

CESTAT allows Customs Duty Exemption on patch cords of above 80 volt

February 9, 2024 204 Views 0 comment Print

Discover how CESTAT Chennai ruled in favor of Commscope Solution (India) Pvt. Ltd., granting customs duty exemption based on the minimum operating voltage of patch cords.

Arbitral Award – Re-appreciation of evidence is not permissible: Delhi HC

February 9, 2024 264 Views 0 comment Print

Delhi High Court ruling states that once a party receives the payable amount under an arbitral award, they cannot challenge it further. Detailed analysis of K S Jain Builders vs Indian Railway Welfare Organization case.

Authority Can’t Wait Indefinitely for Petitioner’s Personal Hearing: Kerala HC

February 9, 2024 480 Views 0 comment Print

Court found that the petitioner had sufficient chances to attend hearings without providing valid reasons for absence. Thus, there was no breach of natural justice. Waiting indefinitely for the petitioner’s appearance is not feasible. The Court also emphasized the option of appealing the order.

HC Directs Interest Consideration for Delayed CENVAT Credit Carry Forward

February 9, 2024 210 Views 0 comment Print

Delhi High Court grants interest relief to Console Shipping Services India in GST credit carry forward case. Detailed analysis of the judgment provided.

Corrigendum to Public Notice no. 28/2023 dated 18.08.2023-reg

February 9, 2024 591 Views 0 comment Print

Discover the latest update on the headings of Table A and B for authorized banks to import gold and silver in FY 2023-24 as revised by DGFT in the corrigendum to Public Notice No. 28/2023.

RBI Expands Indian Banks’ Role in Bullion Trading on IIBX

February 9, 2024 522 Views 0 comment Print

The Reserve Bank of India broadens Indian banks participation in the India International Bullion Exchange, enhancing gold and silver trade.

Possession of transport vehicles sufficient for Section 194C TDS exception

February 9, 2024 174 Views 0 comment Print

ITAT Jodhpur rules that possession of transport vehicles is sufficient for Section 194C TDS exception, emphasizing the significance of beneficial ownership.

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February 2024