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Archive: 20 July 2024

Posts in 20 July 2024

आयकर पोर्टल गड़बड़ियों के कारण समस्याएं और समय सीमा बढ़ाने का अनुरोध

July 20, 2024 4032 Views 1 comment Print

आयकर पोर्टल की तकनीकी गड़बड़ियों के कारण करदाताओं को हो रही समस्याओं और आयकर रिटर्न दाखिल करने की समय सीमा बढ़ाने के लिए वित्त मंत्री श्रीमती निर्मला सीतारमण को अनुरोध।

Classification of FRK (Fortified Rice Kernels): AAAR Chhattisgarh Ruling

July 20, 2024 1461 Views 0 comment Print

Dive into the classification of Fortified Rice Kernels (FRK) under GST laws. Understand the ruling, implications, and applicable notifications.

New RBI Guidelines: Prudential Framework for Project Financing

July 20, 2024 1869 Views 0 comment Print

Discover the RBI’s new prudential framework for income recognition, asset classification, and provisioning for project finance in 2024. Stay informed with detailed analysis.

No Section 40A(2) disallowance of Expense Without Proof of Excessive or Unreasonable Payment

July 20, 2024 1278 Views 0 comment Print

Egberts India Pvt Ltd wins against ITO as ITAT Chennai allows deduction of consultancy charges paid to resident director. Full text of ITAT Chennai order.

Kerala HC Dismisses Appeal: Common Portal Valid for GST Orders

July 20, 2024 834 Views 0 comment Print

Kerala High Court upholds the dismissal of a writ petition, ruling that the common portal can be used for GST order communications

Delhi HC Restores GST Registration as SCN Lacked Date, Time & Venue for Hearing

July 20, 2024 522 Views 0 comment Print

Delhi High Court restores GST registration in Rajdhani Trading Co. vs Principal Commissioner case, citing violation of natural justice due to lack of personal hearing details in SCN.

RERA Allottee Financial Creditors Must Meet Threshold for Section 7 IBC Application

July 20, 2024 387 Views 0 comment Print

NCLAT Delhi ruled that financial creditors who are allottees under RERA must meet the threshold criteria to file a Section 7 application under IBC. Learn more about the judgment.

NCLAT Raps Practising Company Secretary Over Filing Appeal with Voluminous Records

July 20, 2024 486 Views 0 comment Print

Read the full text of the NCLAT judgment/order in A. Vijayan & Ors. vs Silver Line Retreat Hotels Pvt. Ltd. Understand why the tribunal criticized the filing of voluminous records and how it impacts legal proceedings.

Corporate Guarantor’s Liability Stands Despite Non-Invocation of Guarantee: NCLAT

July 20, 2024 498 Views 0 comment Print

Submission of Appellant that since guarantee has not been invoked there is no debt cannot be accepted. Guarantee continues to bind Corporate Guarantor to discharge its liability and fact that as on date, guarantee has not been invoked, cannot be a ground for Appellant to be liquidated under Section 59 of IBC.

NCLT Cannot Interfere with CoC’s Commercial Decisions: Indian Bank Case Analysis

July 20, 2024 378 Views 0 comment Print

NCLT case of Indian Bank vs. Nimitya Hotel & Resorts Pvt. Ltd., where court deliberates on CoC’s freedom to decide on settlement proposals under Section 12A of I&B Code.

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