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Archive: 30 May 2024

Posts in 30 May 2024

Inherent power of NCLT to recall an order to secure the ends of justice

May 30, 2024 768 Views 0 comment Print

Supreme Court landmark judgment in Greater Noida Industrial Development Authority vs. Prabhjit Singh Soni clarifies creditor rights in insolvency proceedings.

Delhi HC Denies Bail To Former PFI Chairman E Abubacker

May 30, 2024 348 Views 0 comment Print

Delhi HC Denies Bail to Former PFI Chairman E Abubacker in UAPA Case. The court ruled on 28 May 2024, citing sufficient evidence of terrorist activities. Bail plea on medical grounds also rejected.

GST Demand Recovery Before Expiry Of 3 Months

May 30, 2024 2262 Views 1 comment Print

High Court of Madras directs refund of recovered GST amounts to Tvl.Cargotec India Private Limited, highlighting importance of adhering to recovery timelines under TN GST Act.

ICAI Reprimands CA for circulating defamatory messages against GST officer on WhatsApp group

May 30, 2024 6249 Views 0 comment Print

CA Anil Thakur was reprimanded by ICAI for circulating defamatory messages on social media. The Board found him guilty of Other Misconduct under the CA Act, 1949.

CA Guilty of Professional Misconduct for Issuing Building Material Invoices in Firm’s Name: ICAI

May 30, 2024 2346 Views 0 comment Print

ICAI finds CA Akshay Mittal guilty of professional misconduct involving non-compliance with ethical standards and imposes a fine of ₹30,000.

Prior Approval Under Section 153D is Mandatory & should not be mechanical

May 30, 2024 3984 Views 0 comment Print

Explore the legal battle between ACIT and Serajuddin & Co. Kolkata, as the High Court evaluates ITAT’s approval process under Section 153D of the Income Tax Act.

Early GST Recovery proceedings Initiation Rules

May 30, 2024 7662 Views 0 comment Print

Explore the guidelines for initiating GST recovery before three months from demand order. Learn about exceptions, procedures, and implications. Stay compliant.

Gratuity Limit Enhancement: Govt. Increases to Rs 25 Lakh

May 30, 2024 6924 Views 1 comment Print

Government of India enhances maximum limit of gratuity for Central Government employees to Rs 25 Lakh, implementing Seventh CPC recommendations. Details here.

RBI Releases Final Framework for FinTech SRO Recognition

May 30, 2024 528 Views 0 comment Print

RBI unveils the definitive framework for recognizing Self-Regulatory Organizations (SROs) in the FinTech sector, aiming for balanced regulation and industry growth.

Amendment Notification Assigns Kotputli-Behror to CGST Alwar

May 30, 2024 612 Views 0 comment Print

Ministry of Finance issues Notification No. 11/2024-Central Tax, amending district assignment for CGST Alwar Commissionerate. Details here.

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