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Archive: 16 May 2024

Posts in 16 May 2024

ICSI Declares CSEET May 2024 Results: 62.93% Success Rate

May 16, 2024 1854 Views 0 comment Print

The Institute of Company Secretaries of India announces the results of the CS Executive Entrance Test (CSEET) May 2024 session with a 62.93% pass rate.

Upholding IBC Objectives: Strict Timelines Essential for Insolvency Resolution

May 16, 2024 174 Views 0 comment Print

Ensuring timely insolvency resolution, IBC mandates strict timelines; a liberal approach would undermine its objectives. Korah John Vs JM Financial Asset Reconstruction Company Ltd. (NCLAT Chennai)

NCLAT Grants Relief to SBI: Time for Rejoinder Extended

May 16, 2024 105 Views 0 comment Print

In the State Bank of India vs. Supreme Panvel Indapur Tollways Pvt. Ltd. case, NCLAT Delhi grants time for rejoinder with a cost of Rs. 25,000, dismissing other directives.

Issuance of second SCN without adjudicating first is jurisdictionally void: CESTAT Mumbai

May 16, 2024 2703 Views 0 comment Print

CESTAT Mumbai: Saf Yesat Company Pvt. Ltd. Vs. Commissioner of Central Excise – penalties deemed jurisdictionally void for issuing second SCN without adjudicating first.

AO Cannot Transfer Income Tax Assessment Without Section 127 Order: Delhi HC

May 16, 2024 2367 Views 0 comment Print

Detailed analysis of Raj Sheela Growth Fund (P) Ltd vs ITO case where Delhi HC ruled that without a Section 127 transfer order, AO cannot proceed with assessment.

SCN & orders issued within a short timeframe, Adjournment request disregarded: HC Set-aside GST order

May 16, 2024 384 Views 0 comment Print

Read the full text of the Madras High Court judgment setting aside GST demand orders in Tvl. Sri Nallamal Steels vs Assistant Commissioner (ST). Adjournment request disregarded, no reasonable hearing opportunity provided.

SC issues Notice against HC Ruling on GST for Development Rights in JDA

May 16, 2024 2019 Views 0 comment Print

Stay informed about the Supreme Court’s notice on a High Court judgment regarding GST on development rights transfer in real estate. Get the latest updates here.

ITC not eligible on Immovable Property construction for Commercial Renting

May 16, 2024 24048 Views 1 comment Print

Understand the implications of the Tamil Nadu AAR ruling on Input Tax Credit (ITC) for construction of immovable property for commercial renting. Get insights here.

PPF for NRI’s?

May 16, 2024 2124 Views 0 comment Print

Learn about PPF for NRIs: eligibility, tax benefits, investment conditions, and common queries answered. Navigate the rules for secure long-term investment.

Lack of Participation: Madras HC Remands Income Tax Reassessment & Penalty Orders

May 16, 2024 297 Views 0 comment Print

Madras High Court remands assessment and penalty orders due to lack of participation, granting the petitioner a chance to respond to the show cause notice.

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