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Archive: 05 May 2024

Posts in 05 May 2024

GST Section 75(5) allows upto 3 adjournments if Sufficient Cause Shown: Delhi HC

May 5, 2024 4254 Views 0 comment Print

Delhi High Court ruling empowers proper officers under GST Act to grant up to three adjournments if sufficient cause is shown. Read the detailed analysis here.

New Tax Regime vs Old Tax Regime u/s 115BAC for AY 2024-25

May 5, 2024 9390 Views 1 comment Print

Understand implications of new tax regime under Section 115BAC for AY 2024-25 versus old one. Learn about reduced tax slabs, exemptions, deductions, and how to make right choice.

Detailed Process for Right Issue of Shares

May 5, 2024 19497 Views 3 comments Print

Right issue of shares is a process by which a company raises further capital. This is done by offering a right to the existing shareholder to acquire shares, usually at a lower price compared to its market value.

Failure to mention CIN & Contact details on Official Documents: MCA imposes Penalty

May 5, 2024 903 Views 0 comment Print

Credii Technologies fined for non-compliance with section 12(3)(c) of the Companies Act, 2013. Penalties imposed on company and its MD.

Non-disclosure of Beneficial Shareholding: MCA Imposes Penalty

May 5, 2024 1725 Views 0 comment Print

Understand the penalty imposed on Step1 Advertising Pvt Ltd by the Registrar of Companies, NCT of Delhi & Haryana, for non-compliance with Section 89 of the Companies Act, 2013.

Emery cloth & tarpaulins were exempt from taxation under APGST Act: HC

May 5, 2024 702 Views 0 comment Print

Explore the Andhra Pradesh High Court’s verdict on the tax exemption for emery cloth, deemed cotton fabric. Detailed analysis and conclusion provided.

Gujarat HC Upheld CENVAT Credit for Rail Line Equipment

May 5, 2024 480 Views 0 comment Print

Gujarat High Court decision allows CENVAT credit for welding electrodes and rail line materials used outside factory premises. Detailed analysis provided.

GST Penalty Shouldn’t Exceed Invoice Value Without proper evidence & reason

May 5, 2024 1296 Views 0 comment Print

Explore the detailed analysis of the Ashish Kumar Sharma Vs Deputy Commissioner case by Calcutta High Court regarding the computation of penalty amount by the GST department.

Draft MOU: No Proof of Joint Venture vs. Corporate Debtor Relationship

May 5, 2024 555 Views 0 comment Print

Explore the intricacies of the Arunkumar Jayantilal Muchhala vs Awaita Properties Pvt. Ltd. case from NCLAT Delhi. Dive into the dispute over financial debt, default claims, and legal intricacies.

NCLAT Upholds CIRP Proceedings: Mukund Rajhans Vs Rajasthan Patrika

May 5, 2024 759 Views 0 comment Print

Detailed analysis of NCLAT’s decision in Mukund Rajhans vs Rajasthan Patrika regarding CIRP initiation under Section 9 of IBC for operational dues.

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