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Archive: August, 2024

Posts in August, 2024

Application u/s. 95 of I&B Code dismissed as demand notice not served on correct address: NCLT Amravati

August 16, 2024 1062 Views 0 comment Print

NCLT Amravati held that application filed by SBI (creditor) u/s. 95 of the Insolvency and Bankruptcy Code, 2016 for initiation of insolvency procedure dismissed as demand notice not served to Personal Guarantor on correct address.

Amount quantified before 30th June 2019 eligible for benefit under SVLDRS: Bombay HC

August 16, 2024 498 Views 0 comment Print

Bombay High Court held that amount payable has been quantified before 30th June 2019 and hence eligible to avail benefit under Sabka Vishwas Legacy Dispute Resolution Scheme (SVLDRS).

Payment of Remuneration to director in violation of Section 197: MCA imposes ₹6 lakh Penalty

August 16, 2024 1818 Views 0 comment Print

Zuari Agro Chemicals faces a ₹6 lakh penalty for violating Section 197 of Companies Act, 2013, by paying excess remuneration to its Managing Director without required approvals.

SEBI Consultation Paper on Expanding Scope of Sustainable Finance in Indian Securities Market

August 16, 2024 1143 Views 0 comment Print

SEBI has released a consultation paper seeking public feedback on expanding the scope of the sustainable finance framework within the Indian securities market. This move aligns with recent budget announcements aimed at simplifying compliance and promoting sustainable finance.

SAED on Petroleum Crude reduced to ₹2100 per Tonne from 17.08.2024

August 16, 2024 507 Views 0 comment Print

Central Excise Notification 20/2024 revises duty rate to Rs. 2100 per tonne effective from August 17, 2024, under the Central Excise Act, 1944.

Income Tax Calculator Financial Year 2024-25

August 16, 2024 277743 Views 44 comments Print

Explore the Income Tax Calculator for the Financial Year 2024-25, offering insights on tax planning, deductions, and regime suggestions for salaried employees. Plan your taxes wisely.

जस्ट डायल जस्ट डायल लिमिटेड बनाम पी एन विग्नेश और अन्य (सुप्रीम कोर्ट ऑफ़ इंडिया)

August 16, 2024 888 Views 0 comment Print

सुप्रीम कोर्ट ने Justdial लिमिटेड बनाम पीएन विग्नेश मामले में BCI के विज्ञापन नियमों पर विचार किया, मद्रास हाई कोर्ट के आदेश के खिलाफ याचिका पर सुनवाई की।

Settlement commission offering immunity by accepting explanation in spirit of settlement cannot be faulted: Karnataka HC

August 16, 2024 399 Views 0 comment Print

Karnataka High Court held that settlement commission, accepting additional income offered as reasonable and giving immunity from penalty and prosecution, by accepting the explanation ‘in the spirit of settlement’ cannot be faulted.

Importance of Show-Cause Notices: Key Insights & Case Laws

August 16, 2024 4494 Views 0 comment Print

Learn the importance of show-cause notices, their legal implications, and how to respond effectively to protect your rights. Explore key case laws and best practices.

Form 10 Submitted Electronically Before Assessment Completion; Reopening Due to Technical Delay Unjustified

August 16, 2024 648 Views 0 comment Print

Delhi HC quashes reopening of tax assessment, ruling that technical delay in e-filing Form 10 before assessment completion is unjustified. Case: FY 2016-17.

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