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Archive: 28 March 2024

Posts in 28 March 2024

Notification challenged as there was no force majeure in existence to exercise power under Section 168A

March 28, 2024 2016 Views 0 comment Print

Analysis of Indus Towers Ltd. vs Union of India case by Gauhati High Court regarding notification challenge under CGST Act Section 168A.

ITC cannot be denied for settlement of consideration via Book Adjustment

March 28, 2024 5394 Views 0 comment Print

Explore the West Bengal AAR ruling on Input Tax Credit (ITC) when payment is settled through book adjustment. Detailed analysis on admissibility and implications.

NSE’s Core SGF Contribution is allowable expense, not Contingency Reserve

March 28, 2024 306 Views 0 comment Print

Discover the detailed analysis of the case National Stock Exchange of India vs. DCIT where ITAT Mumbai ruled that NSE’s contribution to Core SGF is not considered a contingency reserve.

SC Bats For Stricter Approach In Granting Bail To Police In Custodial Death Cases

March 28, 2024 480 Views 0 comment Print

Analysis of a recent landmark judgment advocating stricter bail conditions for police in custodial death cases. Detailed insights and implications discussed.

Scale Based Regulation 2023 – Non-Banking Financial Company (NBFCs)

March 28, 2024 1755 Views 0 comment Print

Discover the regulatory changes in the Non-Banking Financial Company (NBFC) sector under the Scale Based Regulation (SBR) framework by the RBI in 2023.

Profit Computation under Section 198 of Companies Act, 2013

March 28, 2024 27891 Views 3 comments Print

Understand the significance of Section 198 of the Companies Act, 2013 in computing profits for CSR and managerial remuneration purposes with this comprehensive guide.

आईटीआर यू के द्वारा आयकर रिटर्न

March 28, 2024 1443 Views 0 comment Print

जानिए कैसे आईटीआर यू के माध्यम से करदाताओं को आयकर रिटर्न भरने की सुविधा मिलती है और कैसे टैक्स दायित्व में अतिरिक्त लेट फीस से बचा जा सकता है।

Order passed by an authority cannot go beyond scope of show cause notice

March 28, 2024 11109 Views 0 comment Print

Delve into the Allahabad High Courts verdict on illegal mining in Ramlala Vs State of U.P. Understand the significance of show cause notices and the scope of subsequent orders.

Goods accompanied with E-way bill & relevant Documents: HC Quashes Penalty & seizure order

March 28, 2024 579 Views 0 comment Print

Read about the judgment by the Allahabad High Court in Axpress Logistics India Pvt. Ltd. vs. Union of India, where the seizure of goods was set aside due to procedural irregularities.

Allahabad HC quashes GST penalty due to lack of intent to evade tax

March 28, 2024 792 Views 0 comment Print

Read about the Allahabad High Court judgment in Shyam Sel And Power Limited vs. State Of U.P., where GST penalty was quashed due to lack of intent to evade tax.

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