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Archive: 17 May 2024

Posts in 17 May 2024

ITAT Bangalore Remands Demonetization Period Cash Deposit Case

May 17, 2024 150 Views 0 comment Print

Read the detailed analysis of the ruling by ITAT Bangalore on the appeal filed by Chandrappa Nalina against the treatment of cash deposits during demonetization. Understand the assessment and CIT(A) decisions.

Adverse order due to non-Response to Notices: Madras HC Remands Case

May 17, 2024 234 Views 0 comment Print

Inadequate replies to notices led to an adverse order. Madras High Court, remitting the matter for a proper response to show cause notice.

ITAT Directs AO to Exclude Sold & Advance-Received Flats from Stock

May 17, 2024 450 Views 0 comment Print

Assessing Officer to exclude flats already sold or for which advances were received from the stock held by the assessee. For the remaining flats held as stock in trade, the municipal ratable value should be adopted for determining the income from house property.

Cancelling GST Registration Like Capital Punishment for Traders: Madras HC

May 17, 2024 19260 Views 1 comment Print

Analysis of Jones Diraviam Vs Deputy Commissioner GST Appeal ruling by Madras High Court. Impact on businesses, legal considerations, and rights of entrepreneurs.

Madras HC Directs Statutory Appeal for Penalty under CGST Act for VAT Regime Period

May 17, 2024 435 Views 0 comment Print

Madras HC directs statutory appeal regarding alleged erroneous 100% penalty imposed under CGST Act for period falling under VAT regime. Detailed analysis provided.

Freight & Insurance Charges not includible in Assessable Value of Goods sold Ex-factory

May 17, 2024 360 Views 0 comment Print

Understand CESTAT’s decision on inclusion of separately shown freight and insurance charges in excisable goods’ assessable value.

Clash of Jurisdiction: Analysing the IBBI-PMLA Conundrum

May 17, 2024 468 Views 0 comment Print

Analyzing the clash between India’s Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA), and their impact on asset resolution.

GST Registration Cancelled Without providing reason of Cancellation: HC set-aside order

May 17, 2024 351 Views 0 comment Print

Allahabad High Court, in the case of Saini Engineering And Civil Contractor vs. State of UP And 2 Others, set aside the orders cancelling registration under the Uttar Pradesh Goods and Services Tax Act, 2017, due to lack of reasoning, and directed a fresh adjudication with an opportunity for the petitioner to present their case.

Advocates Must Reject Unethical Client Instructions: Rajasthan HC

May 17, 2024 504 Views 0 comment Print

Explore the groundbreaking judgment by the Rajasthan High Court on the ethical conduct of lawyers, emphasizing the need to prioritize justice over blind adherence to client instructions in commercial disputes.

Shareholders Agreement: A key to protection of rights of shareholders

May 17, 2024 1401 Views 4 comments Print

Learn how shareholders agreements safeguard rights and outline responsibilities. Discover their role in corporate governance and legal compliance.

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