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Archive: 11 December 2024

Posts in 11 December 2024

EOI for Empanelment of Auditors under DGST and DVAT Acts

December 11, 2024 933 Views 0 comment Print

Delhi Trade Department invites EOI for empaneling CA/Cost Accountant firms for Special Audit under DGST Act, 2017, and DVAT Act, 2004. Apply online by 26 Dec 2024.

Ex-parte order passed without affording adequate opportunity of being heard untenable: Madras HC

December 11, 2024 1335 Views 0 comment Print

Madras High Court held that ex-parte order passed under Section 73 of the Central Goods and Services Tax Act without affording adequate opportunity of being heard is in violation of principles of natural justice. Accordingly, order set aside.

Notice issued u/s. 41-A for non-payment of stamp duty lacks jurisdiction: Andhra Pradesh HC

December 11, 2024 1065 Views 0 comment Print

Andhra Pradesh High Court held that notice issued under section 41-A of the Indian Stamp Duty Act, 1899 for non-payment of stamp duty on unregistered document is without jurisdiction. Accordingly, appeal allowed.

Charges of clandestine removal of goods cannot be sustained based on sketchy evidences: Delhi HC

December 11, 2024 1398 Views 0 comment Print

Delhi High Court held that duty demand alleging clandestine manufacture and removal of goods cannot be sustained in absence of any tangible evidence. Such charges cannot be sustained based on sketchy evidence.

Small Shareholder Directors Eligibility, Tenure & Regulations

December 11, 2024 2586 Views 1 comment Print

Understand the eligibility, appointment, tenure, and conditions for small shareholder directors under Section 151 of the Companies Act, 2013.

Application u/s. 9 of IBC rejected as performance pay cannot be taken as operational debt: NCLAT Chennai

December 11, 2024 717 Views 0 comment Print

NCLAT Chennai held that claim raised by operational creditor towards performance pay cannot be taken as operational debt hence application proceedings under section 9 of the Insolvency Bankruptcy Code (IBC) for drawing CIRP proceedings not tenable.

Application u/s. 43 by Liquidator based on Transaction Audit Report tenable: NCLAT Delhi

December 11, 2024 636 Views 0 comment Print

NCLAT Delhi held that application filed under section 43 of the IBC by Liquidator on the basis of Transaction Audit Report for avoidance of preferential transactions tenable in law. Accordingly, appeal dismissed.

Section 498A IPC Misused to Pressure Husbands & Families for Unreasonable Demands: SC

December 11, 2024 1560 Views 1 comment Print

Supreme Court cautions against misuse of Section 498A IPC in domestic disputes, emphasizing undue suffering of husbands and families due to false allegations.

431 FAQs on International Financial Services Center (IFSC) Authority in India

December 11, 2024 7737 Views 0 comment Print

India’s ambition to emerge as a global financial hub has given rise to the establishment of International Financial Services Centers (IFSCs), a transformative initiative aimed at facilitating cross-border financial transactions, innovation, and investment. The IFSC Authority (IFSCA) serves as the apex regulatory body overseeing these specialized zones, such as the renowned GIFT City in Gujarat, […]

HC quashes Demand for excess credit utilization which was due to IGST Reporting Error in GST Returns

December 11, 2024 1776 Views 1 comment Print

Kerala HC reviews dispute over incorrect GST credit classification; appellant seeks relief for IGST credit misuse in the case Padickapparambil Alex v. Union of India.

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