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Archive: August, 2024

Posts in August, 2024

Madras HC Orders Reconsideration of GST Demand with Conditions

August 14, 2024 399 Views 0 comment Print

HC sets aside tax order, allowing petitioner to submit a response and remit 10% of the disputed amount. New decision to be issued within three months.

GST registration Cancellation order: HC set-aside Vague/Cryptic Order

August 14, 2024 1113 Views 0 comment Print

Delhi High Court overturns GST registration cancellation for VK Traders. The court found the cancellation order and show cause notice to be unreasonable and unjust.

HC cannot act as an appellate authority over coordinate Bench’s decisions

August 14, 2024 483 Views 0 comment Print

Orissa High Court dismisses review application, asserting it cannot act as an appellate authority over a coordinate Bench’s order. Read the full judgment.

Orissa HC direct RTO to decide on vehicle registration cancellation application

August 14, 2024 648 Views 0 comment Print

Orissa HC orders RTO to consider Bijaya Kumar Mallick’s request for vehicle registration cancellation, per STA guidelines, within three weeks.

IPE can be appointed as IP to carry out duties & functions under IBC: NCLT Mumbai

August 14, 2024 1221 Views 0 comment Print

NCLT Mumbai rules in favor of Piramal Capital, allowing Insolvency Professional Entities to be appointed as Resolution Professionals in the case of Notion Real Estate.

RBI Cautions against Non-Compliance of Regulatory Standards by Banks & NBFCs

August 14, 2024 1353 Views 0 comment Print

RBI cautions banks and NBFCs on non-compliance with regulatory standards, highlighting risks associated with rapid home equity loan growth and poor monitoring practices.

Changes in Capital Gains Taxation: Budget 2024 Amendments

August 14, 2024 77187 Views 7 comments Print

Explore the significant changes in capital gains taxation proposed in Budget 2024, including revised tax rates, holding periods, and removal of indexation benefits.

Jharkhand HC Orders State to Use Special Branch to Identify Illegal Immigrants in Six Districts

August 14, 2024 522 Views 0 comment Print

Jharkhand HC directs the state to use its Special Branch to identify illegal immigrants allegedly from Bangladesh in six districts, stressing the urgency due to rising infiltration.

Delhi HC allows delayed appeal against GST registration cancellation

August 14, 2024 801 Views 0 comment Print

Delhi HC sets aside Order-in-Appeal rejecting GST registration revocation due to delay, remands for fresh consideration within six weeks, urging prompt resolution.

Jharkhand HC Orders Refund of Unjustified TCS Collection

August 14, 2024 1551 Views 0 comment Print

Jharkhand High Court directs refund of Tax Collected at Source (TCS) by Central Coalfields Ltd. to R.S. Coke Industries (Pvt) Ltd., citing prior case judgment.

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