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Archive: 25 November 2024

Posts in 25 November 2024

NSE lacks statutory authority to block issue of duplicate certificates: Bombay HC

November 25, 2024 375 Views 0 comment Print

Since 1986 to 1997, Petitioner acquired shares, in tranches, of Respondent No.4-Company. The Petitioner subsequently sold some of these shares. In April 2007, the shares of Rs.10/- each of Respondent No.4-Company were split into shares of Rs.5/- each.

GST: Bombay HC dismisses Petition due to availability of statutory alternate remedies

November 25, 2024 672 Views 0 comment Print

Bombay High Court held that no case has been made by any of the petitioners to bypass the statutory alternate remedies. Accordingly, petition dismissed on account of available alternative remedies.

Cenvat Credit availment on debit note allowed as it covered all requisite particulars: CESTAT Allahabad

November 25, 2024 411 Views 0 comment Print

CESTAT Allahabad held that denial of cenvat credit, merely because the credit is availed on the basis of debit note, not justified since debit note covered all the requisite particulars. Accordingly, cenvat allowed on the basis of debit note.

Section 11(1) Exemption Granted to Rajkot Urban Development Authority: ITAT Ahmedabad

November 25, 2024 567 Views 0 comment Print

ITAT Ahmedabad held that exemption u/s. 11(1)(2) and 11(1)(a) of the Income Tax Act duly admissible to Rajkot Urban Development Authority (RUDA) since the activities were not commercial in nature.

Section 158 DIN Rule Violation: Penalty Reduced to ₹2.25 Lakh

November 25, 2024 576 Views 0 comment Print

Regional Director, Eastern Region, reduces penalty for Section 158 DIN violations to ₹2.25 lakh in the MPS Distributors Pvt. Ltd. case. Appeal details inside.

Claim of compassionate appointment is not vested right: Supreme Court

November 25, 2024 393 Views 0 comment Print

This Appeal has been preferred by the son of Shri Jai Prakash, a deceased constable in Haryana Police, seeking appointment on compassionate grounds, as his father and another constable died while on duty on 22.11.1997.

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