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Archive: 03 December 2024

Posts in 03 December 2024

Aditya Birla Sun Life Mutual Fund Aadhaar Authentication Approval

December 3, 2024 72 Views 0 comment Print

Aditya Birla Sun Life Mutual Fund granted Aadhaar authentication permission under the Prevention of Money-laundering Act, 2022.

Co-insurance premium and re-insurance commission not taxable under GST: Madras HC

December 3, 2024 546 Views 0 comment Print

Madras High Court held that the co­insurance premium and re-insurance commission would not be considered as supply and hence not liable to pay GST. Thus, amount deposited by petitioners are entitled for refund.

Writ to evade payment of statutory deposit during pendency of statutory appeal not permissible

December 3, 2024 393 Views 0 comment Print

The petitioner, aggrieved by the Assessment Order filed an appeal before the Commissioner’s Office and it is submitted that the appeal is presently pending but no effective order has been passed thereon.

Provident fund applies to payment of retention allowance to seasonal employees: Bombay HC

December 3, 2024 393 Views 0 comment Print

These orders arises out of demand notice dated 3/3/2011 issued by respondent no.2 calling upon the Federation to pay an amount of Rs.14,21,145/- and to deposit the same to the credit of respective EPF accounts of the employees of the Federation.

Grant-in-aid incurred wholly and exclusively for business is deductible: ITAT Delhi

December 3, 2024 411 Views 0 comment Print

ITAT Delhi held that grant-in-aid incurred wholly and exclusively for the purpose of business is allowable as deduction. Accordingly, appeal is allowed and addition of the same by AO is liable to be deleted.

CBIC Rescinds Notification No. 08/2022- Central Excise, dated 30th June, 2022

December 3, 2024 402 Views 0 comment Print

The Ministry of Finance rescinds Central Excise Notification No. 08/2022 with immediate effect under public interest provisions.

Central Excise (Amendment) Rules, 2024

December 3, 2024 267 Views 0 comment Print

The Ministry of Finance amends Central Excise Rules, 2017, removing specific provisos in Rules 18 and 19. Changes take effect immediately.

CBIC Rescinds Notification No. 32/2022-Customs, dated 30th June, 2022

December 3, 2024 441 Views 0 comment Print

The Ministry of Finance rescinds Customs Notification No. 32/2022 with immediate effect. Past actions remain unaffected by this change.

SC Justifies Termination for Employee’s Long Absence Without Notice

December 3, 2024 828 Views 0 comment Print

Supreme Court held that employee remaining absent from duty for 90 days without intimating employer and employee not responding to notice addressed to delinquent justifies employer action of terminating employee by treating as abandonment of service.

Inordinate Delay in SCN Adjudication Violates Natural Justice Principles: Bombay HC

December 3, 2024 774 Views 0 comment Print

Petitioners sought for an adjournment requesting relevant papers to examine the legality of the personal hearing notice. Respondent No.3 furnished documents most of which were handwritten and illegible.

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