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Archive: 28 May 2024

Posts in 28 May 2024

Delhi HC Transfer nascent winding up proceedings to NCLT

May 28, 2024 654 Views 0 comment Print

Delhi HC held that winding up proceedings pending before High Courts, which are at a nascent stage and have not progressed to an advanced stage, ought to be transferred to NCLT.

Honesty of assessee cannot attract penalty under Section 271(1)(c)

May 28, 2024 7251 Views 0 comment Print

The Kerala High Court rules that additional income disclosed voluntarily cannot be treated as concealed income under Section 271(1)(c) of the Income Tax Act.

TRAI Guidelines on Unsolicited Commercial Communications for Insurers – IRDAI Circular

May 28, 2024 2232 Views 0 comment Print

Understand the recent TRAI guidelines on Unsolicited Commercial Communications (UCC) compliance for insurers issued by IRDAI. Learn about regulations, numbering series, registration requirements, and more.

Section 153D approval for 43 cases in a single day – Assessment order held to be illegal 

May 28, 2024 2232 Views 0 comment Print

Delhi HC ruled on PCIT vs Shiv Kumar Nayyar, addressing the validity of Section 153D approvals in tax assessments. Explore the detailed analysis and judgment.

1893 days delay in MGT-6 Filing (Section 89 Violation): ₹15 Lakh Penalty imposed

May 28, 2024 813 Views 0 comment Print

Registrar of Companies, Karnataka, imposes penalties on Credii Technologies Pvt. Ltd. for failing to comply with Section 89 of the Companies Act, 2013.

Requisite Documents Must Accompany SCN in IBC Proceedings: Delhi HC

May 28, 2024 753 Views 0 comment Print

Delhi High Court rules parties in IBC proceedings must receive requisite documents forming basis of SCNs. Detailed analysis of Shantanu Prakash vs. State Bank of India & Ors. case.

Religious Bodies Exempt from Service Tax on Renting Immovable Property Pre-01.07.2012

May 28, 2024 867 Views 0 comment Print

Religious body not liable to pay service tax prior to 01.07.2012 on renting of immovable property: CESTAT Chennai: Church of South India Trust Association Vs Commissioner of CGST & Central Excise (CESTAT Chennai)

Mere Omission of Date Doesn’t Invalidate Bankers Book Evidence Act Certificate: NCLT Chandigarh

May 28, 2024 1599 Views 0 comment Print

NCLT determined that the certificate under the Bankers Book Evidence Act, 1891, despite lacking a date, was valid as it was duly signed. They emphasized that the omission of the date did not invalidate the certificate.

RBI launches PRAVAAH Portal for streamlining some regulatory approvals for individuals & entities

May 28, 2024 4053 Views 0 comment Print

Discover the RBI’s new PRAVAAH portal, streamlining regulatory approvals. Apply online seamlessly with key features. Track your application status easily!

NPA declaration date served as valid “Date of Default” under IBC: NCLAT Delhi

May 28, 2024 2424 Views 0 comment Print

“In the Milind Kashiram Jadhav vs. State Bank of India case, NCLAT Delhi examines if loan recall notice or NPA declaration determines default date under IBC Code.”

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