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Archive: 09 April 2024

Posts in 09 April 2024

IBBI suspends IRP for sharing asset memorandum with prospective bidders

April 9, 2024 501 Views 0 comment Print

Read about the IBBI’s disciplinary action against Mr. Venkata Sivakumar, an Interim Resolution Professional, for sharing asset memorandum with prospective bidders.

Delhi HC Upholds Trial Court’s Decision on Framing Charges in Contraband Goods Case

April 9, 2024 558 Views 0 comment Print

Delhi High Court upholds trial court’s decision to frame charges against defendants accused of smuggling heroin disguised as rock salt.

Excel Formulas & Shortcuts: Bank Reconciliation, EMI Calculation, Pivot Tables

April 9, 2024 158268 Views 1 comment Print

Learn Excel basic formulas, shortcut keys, and important functions. Get guides for bank reconciliation, loan EMI calculation, pivot tables, and more. Download attached PDFs!

Once a resolution plan is approved, Substitution of same is not permissible

April 9, 2024 417 Views 0 comment Print

NCLAT Delhi rejects SRA’s plea for substitution in resolution plan after CoC and NCLT approval. Analysis of UV Asset Reconstruction Company Ltd. & Anr. vs Aircel Ltd. case.

Assessees Not Obliged to Monitor Dept’s E-Portal Constantly: P&H HC

April 9, 2024 5394 Views 0 comment Print

Punjab & Haryana High Court rules assessees aren’t required to keep the department’s e-portal open at all times to track actions. Detailed judgment analysis provided.

HC directs Expedited Testing of Goods to Avoid Port Detention & demurrage Charges

April 9, 2024 411 Views 0 comment Print

In R. Krishnaprasad Vs Commissioner of Customs, Kerala High Court directs expeditious testing of Technical Grade Urea to avoid port detention, demurrage, and charges, ensuring swift resolution.

Notice sent on e-mail id created by accountant: HC directs AO to pass fresh order

April 9, 2024 4209 Views 0 comment Print

In case of S. Subramanian & Co Vs ITO, Madras High Court directs Assessing Officer (AO) to pass a fresh order as notices sent to petitioner’s email id, created by accountant, were not acknowledged.

CBDT Clarifies on Misleading Reports on HRA Claims

April 9, 2024 25347 Views 0 comment Print

Ministry of Finance addresses misconceptions regarding CBDT’s supposed special drive to reopen cases related to HRA claims, clarifying no such action is being taken.

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