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Archive: 21 June 2024

Posts in 21 June 2024

Guidelines for Procurement and Installation of Solar Power Panels in SEZs for Common Area Electricity Supply

June 21, 2024 219 Views 0 comment Print

Discover the new guidelines for SEZ Developers on procuring and installing solar panels to provide power supply in common areas of Special Economic Zones.

RBI – New vistas for deposit insurance in India (DICGC)

June 21, 2024 588 Views 0 comment Print

Explore the evolution of the Deposit Insurance and Credit Guarantee Corporation (DICGC) and its impact on safeguarding deposits in India, based on insights from RBI Deputy Governor.

Court Can Quash Vexatious Criminal Proceedings Beyond FIR: Kerala HC

June 21, 2024 261 Views 0 comment Print

The Kerala HC ruled that courts can look beyond FIRs to quash vexatious or malicious proceedings aimed at personal vendetta, ensuring justice is upheld.

ITAT allows section 80P(2)(d) deduction for interest income earned from cooperative banks

June 21, 2024 135 Views 0 comment Print

Discover the key rulings in the ITAT Bangalore’s judgment on Totgars’ Co-operative Sale Society Ltd. vs ACIT for the assessment years 2015-2018, focusing on section 80P(2)(d) deductions.

Boiler (Inquiry, Adjudication and Appeal) Rules, 2024

June 21, 2024 369 Views 0 comment Print

Detailed breakdown of the Boiler (Inquiry, Adjudication, and Appeal) Rules 2024. Learn about complaint procedures, inquiries, and appeals under the Boilers Act.

Section 801B(10): Deduction for Housing Projects Not Tied to Separate Approvals for Eligible Units

June 21, 2024 663 Views 0 comment Print

Detailed analysis of Shipra Estate Ltd. & Jai Krishan Estate Developers Pvt. Ltd. vs ACIT case by ITAT Delhi on eligibility for deduction under section 80IB(10) of the Income Tax Act, focusing on the project completion method and built-up area criteria.

NCLT should not interfere with commercial wisdom of company’s stakeholders: NCLAT

June 21, 2024 444 Views 0 comment Print

NCLAT Delhi rules NCLT lacks jurisdiction to modify appointed dates in commercial schemes once the Company Board approves. Read the detailed analysis and full judgment.

HC upheld Cestat’s rejection of 2727-day appeal delay due to insufficient medical evidence

June 21, 2024 207 Views 0 comment Print

Madras High Court dismisses Vision Holidays’ petition to condone a 2727-day delay in filing a CESTAT appeal due to insufficient medical evidence.

Pre-existing dispute cannot be decided in a summary procedure: NCLAT Delhi

June 21, 2024 165 Views 0 comment Print

Explore the NCLAT judgment in Sanjay Kumar vs. Gannon Dunkerley & Co, emphasizing NCLT’s limited jurisdiction under IBC in cases of pre-existing disputes.

Moratorium excludes government-notified transactions of essential goods/services & surety in a contract of guarantee

June 21, 2024 114 Views 0 comment Print

Read the full text of NCLT Delhi’s judgment in Manish Aneja & Ors. Vs Revital Reality Private Limited under Insolvency and Bankruptcy Code, 2016, Section 7. Financial creditors seek CIRP for default on Rs. 31.22 Cr debt.

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