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Archive: 02 January 2025

Posts in 02 January 2025

Refund of entire court fees granted as dispute resolve amicably u/s. 89 of CPC: Supreme Court

January 2, 2025 129 Views 0 comment Print

Supreme Court held that refund of 100% court fees granted as the amount of court fees involved was not excessive and the dispute was resolved amicably by mediation under section 89 of the Code of Civil Procedure 1908 [CPC].

Tax Invoice & E-Way Bill Establish Assessee’s Ownership under CGST Act: Allahabad HC

January 2, 2025 573 Views 0 comment Print

Allahabad High Court quashes detention order, ruling goods should be released under Section 129(1)(a) of the CGST Act, applying 2018 circular.

Alleged Arbitrary & illegal GST notifications: Calcutta HC stays recovery

January 2, 2025 450 Views 0 comment Print

Calcutta High Court grants interim relief to OSL Exclusive Pvt. Ltd., restraining recovery under CGST/WBGST Act. Final hearing scheduled for July 2024.

No addition of Rs. 179 Cr as share of profit from LLP was exempt in hands of assessee-partner

January 2, 2025 177 Views 0 comment Print

Assessee was a medical professional, filed his returns for the Assessment Year (AY) 2018-19. The appeal concerned an addition of over Rs. 179 crore made by AO under section 68 alleging unexplained cash credits in the assessee’s hands.

GST Waiver Scheme Under Section 128A: Key Highlights

January 2, 2025 4203 Views 1 comment Print

Understand the GST waiver scheme under Section 128A. Covers interest and penalty relief, exclusions, timelines, and processes for compliance and applications.

Refund of Voluntary GST Deposit Cannot Be Rejected Due to Limitation: Gujarat HC

January 2, 2025 5034 Views 0 comment Print

Gujarat High Court directs refund of Rs. 40,00,000 GST deposit made by mistake, ruling that limitation cannot apply but interest is not eligible.

Late Fee Waiver under GST Notification 07/2023 Granted despite filing of return before cut-off date

January 2, 2025 447 Views 0 comment Print

It would be unjust to deny benefit to petitioner merely because petitioner filed return prior to the issuance of amnesty notification dated 31.03.2023, confined to amnesty only to those who filed return between 01.04.2023 and 30.06.2023.

Levy of 5% penalty by CCI u/s. 27 of Competition Act not unreasonable: NCLAT Delhi

January 2, 2025 123 Views 0 comment Print

NCLAT Delhi held that imposition of 5% penalty on average turnover/ receipt related to EWS by Competition Commission of India [CCI] under section 27 of the Competition Act, 2002 cannot be termed as unreasonable or excessive.

Withdrawal of application u/s. 12A of IBC before it is heard or allowed is permissible

January 2, 2025 228 Views 0 comment Print

CIRP against the Corporate Debtor commenced vide order dated 09.04.2024. On 17.04.2024, Resolution Professional issued public announcement calling upon creditors to submit their claims.

SEBI Notification on Certification for Investment Advisers

January 2, 2025 543 Views 0 comment Print

SEBI updates certification norms for investment advisers, mandating NISM exams for compliance. Notification rescinds previous directives, effective January 2, 2025.

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