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Archive: December, 2024

Posts in December, 2024

Maintenance of wife & children overrides over statutory financial creditors of Husband within SARFAESI/IBC: SC

December 26, 2024 1005 Views 0 comment Print

In a recent ruling Hon’ble Supreme Court observed that the right to maintenance is equivalent to the right to livelihood, being a subset of the right to dignity and a dignified life, which in turn flows from Article 21 of the Constitution of India.

Related Party Transactions Exceeding 10% of Turnover Without Shareholder Approval: MCA imposes Penalty

December 26, 2024 2454 Views 0 comment Print

Registrar of Companies imposes ₹10,00,000 penalty on Watai Electronics and directors for non-compliance with Section 188 of the Companies Act, 2013.

Revised Guidelines for ITFS Platforms in IFSCs

December 26, 2024 1404 Views 0 comment Print

Explore key updates to ITFS platform guidelines in IFSCs, including expanded financier eligibility, on-tap registration, and enhanced trade finance services.

AO cannot assume jurisdiction u/s 153C in absence of incriminating material found during search

December 26, 2024 873 Views 0 comment Print

A search and seizure operation u/s. 132 was carried out in the case of assessee by the Investigation Wing, New Delhi on 03.05.2018. The cases of some persons were also covered during search on assessee.

AO cannot take different way of assessing income if mode of income is identical to subsequent years

December 26, 2024 795 Views 0 comment Print

In a recent ruling ITAT Delhi partly allowed the appeal of the assessee and modified the order passed by the AO is modified to restrict the unaccounted income by applying 0.3% of the total credits received during the year.

E-Way Bill Updates: Key Validations Effective January 2025

December 26, 2024 10254 Views 0 comment Print

Goods and Services Tax (GST) e-Invoice System and API Developer’s Portal will implement new validations in the E-Waybill System starting January 1, 2025. These changes aim to enhance compliance and integration. Key updates include: (1) Restricting E-Waybill generation for documents older than 180 days from the generation date. This applies to both E-Waybills and Part-A […]

जीएसटी में पुरानी गाड़ियों पर नियम और 18% टैक्स का प्रावधान

December 26, 2024 1854 Views 1 comment Print

जीएसटी काउंसिल ने पुरानी गाड़ियों पर 18% टैक्स तय किया। जानें, व्यक्तिगत बिक्री पर जीएसटी देय नहीं और डीलर के मार्जिन पर ही टैक्स लागू होगा।

GST SCN worded as Final Order Without Proper Hearing Unsustainable: Gujarat HC

December 26, 2024 2040 Views 0 comment Print

Gujarat HC quashes GST show cause notices and order for 2017-18, ruling they were final orders without a hearing. Case remanded for fresh proceedings.

Layoff under Industrial Disputes Act, 1947: Comprehensive analysis

December 26, 2024 3483 Views 0 comment Print

Explore the concept of layoff under the Industrial Disputes Act, 1947, its legal provisions, procedure, effects on employees and companies, and compensation guidelines.

पुराने वाहनों (इलेक्ट्रिक वाहनों सहित) की बिक्री पर 18% GST: जानिए नए नियम

December 26, 2024 2814 Views 0 comment Print

पुराने और इस्तेमाल किए गए वाहनों पर 18% GST केवल पंजीकृत विक्रेताओं के मुनाफे पर लागू होगा। व्यक्तिगत बिक्री पर GST नहीं लगेगा। नियम जानने के लिए पढ़ें।

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