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Archive: 26 October 2024

Posts in 26 October 2024

Bombay HC Dismisses Section 130 Customs Act Appeal Lacking Substantial Question

October 26, 2024 303 Views 0 comment Print

Bombay High Court held that an appeal under Section 130 of the Customs Act can be entertained only if the High Court is satisfied that the case involves a substantial question of law. Thus, appeal dismissed as no substantial question of law arises in the appeal.

RTI Act exempts disclosure of personal information of employees: Delhi HC

October 26, 2024 288 Views 0 comment Print

Delhi High Court held that order passed by Central Information Commission directed disclosure of information which is entirely personal information of employees is unsustainable in law since the same stands exempted from disclosure u/s. 8(1)(j) of the RTI Act.

Dismissal of Section 65 Application Filed Before sec 7 IBC Application Admission Unjustified

October 26, 2024 153 Views 0 comment Print

NCLAT Delhi held that dismissal of application u/s. 65 of the Code on the ground that application has been filed before the admission of the application under Section 7 of the Code is not sustainable.

Addition of Bogus Purchases Without Evidence Unsustainable: Bombay HC

October 26, 2024 798 Views 0 comment Print

Bombay High Court held that addition of 10% of allegedly bogus purchases without any cogent or convincing evidence is not sustainable in law. Accordingly, impugned order set aside and appeal disposed of in favour of the assessee.

Assessment Order Quashed for Breach of Section 23(4) MVAT Provisions

October 26, 2024 195 Views 0 comment Print

Bombay High Court quashed the assessment order on account of breaching statutory provisions of section 23(4) of the MVAT; violation of the principles of natural justice and fair play, non-application of mind, and legal malafides.

Proceedings Quashed for Lack of Reason in GST Registration Cancellation Rejection

October 26, 2024 177 Views 0 comment Print

Held that in our view, since the orders revocating registration cancellation on the Petitioner’s application were passed contrary to the principles of natural justice, all the subsequent proceedings initiated thereafter, which are consequential, also have to be quashed.

Penalty Without Specifying Limb Under Section 271(1)(c) Quashed: ITAT Delhi

October 26, 2024 261 Views 0 comment Print

ITAT Delhi held that penalty under section 271(1)(c) of the Income Tax Act not leviable as notice failed to specify under which limb penalty proceedings has been initiated. Thus, penalty levied u/s. 271(1)(c) deleted.

Tax Insights on Sale of Flat & Defective Return

October 26, 2024 1350 Views 0 comment Print

Understand tax implications for selling a flat pre-2001 and rectify defects in your tax return with expert advice.

Impact of Majority Rule on Corporate Governance

October 26, 2024 282 Views 0 comment Print

This study explores how majority rule in corporate governance affects minority rights, shareholder decision-making, and the legal safeguards for fair corporate practices.

NSE Expands Single Filing System for Listed Companies

October 26, 2024 216 Views 0 comment Print

NSE updates single filing system, allowing streamlined API-based disclosures for corporate governance and grievance redressal. Effective from October 26, 2024.

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