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Archive: February, 2024

Posts in February, 2024

Writ jurisdiction cannot grant a waiver of statutory pre-deposit condition for filing appeal

February 28, 2024 1878 Views 0 comment Print

Explore the Kantilal Bhaguji Mohite case where the Supreme Court dismisses the notion of writ jurisdiction waiving the mandatory pre-deposit condition for filing statutory appeals.

Delhi HC Registers Suo Motu Case On Delay By Jail Authorities In Accepting Bail Bonds

February 28, 2024 1032 Views 0 comment Print

Delhi HC registers suo motu case on jail authorities delay in accepting bail bonds. Explore the landmark judgment, courts observations, and the directive for compliance.

5 Including Ex-ITO sentenced to 3 Yrs Jail; CBI Arrests CGST Superintendent for Bribe

February 28, 2024 1656 Views 0 comment Print

CBI arrests a CGST Superintendent for accepting a bribe of Rs. 10,000, while designated courts in Ahmedabad and Madurai sentence five, including an Income Tax Officer, to three years imprisonment.

Failure to comment on adverse remarks in auditors report: MCA penalises Company & Directors

February 28, 2024 1440 Views 1 comment Print

Nipponzone Securities Pvt Ltd fined ₹4 lakh for not addressing audit remarks as per Section 134(3)(f) of the Companies Act, 2013. Details of the adjudication order.

SEBI’s FPI Disclosure Framework: Proposed Reforms for Business Ease

February 28, 2024 747 Views 0 comment Print

Explore SEBIs consultation paper on proposed reforms for Foreign Portfolio Investors (FPIs). Learn about exemptions for university funds, endowments, and FPIs with concentrated holdings. Share your views and suggestions before March 8, 2024.

Revamped eBRC System of DGFT

February 28, 2024 8178 Views 0 comment Print

Explore the enhanced eBRC system by DGFT, revolutionizing export processes. Self-certification, paperless generation, and benefits for exporters and banks

Handbook on India’s Strategic Trade Control System January 2024

February 28, 2024 1950 Views 0 comment Print

Explore India strategic trade controls, SCOMET list, and international commitments. Learn how the nation balances security and innovation while preventing WMD proliferation

Larger limitation period inapplicable for de-bonding after verification & no dues certificate issuance

February 28, 2024 600 Views 0 comment Print

In a recent ruling, CESTAT Ahmedabad states larger limitation period inapplicable for de-bonding after verification & issuance of no dues certificate.

Time Limit Violation Cancels Tax Assessment Order: Madras HC

February 28, 2024 1899 Views 0 comment Print

Madras High Court quashes tax assessment order due to exceeding time limit for issuing the order after receiving directions from Dispute Resolution Panel. This case highlights the importance of adhering to prescribed timelines in tax assessments.

Draft assessment order be treated as a show cause notice: Madras HC

February 28, 2024 2709 Views 0 comment Print

Madras High Court rules draft assessment order must be treated as show cause notice due to lack of opportunity to respond. This decision protects taxpayer rights and ensures fair tax assessments in India.

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