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Archive: 28 January 2025

Posts in 28 January 2025

Empanelment for Concurrent Audit with Union Bank of India

January 28, 2025 260184 Views 20 comments Print

Union Bank of India invites Chartered Accountant firms to apply for empanelment as Concurrent Auditors for the period up to March 2025.

Assessee couldn’t accept Settlement Commission’s Order u/s 127C ‘In Parts’

January 28, 2025 150 Views 0 comment Print

The Settlement Commission held that the rectification of errors under Section 154 was confined to arithmetical or clerical errors and assessee’s application was beyond the scope of the Section 154.

Delhi HC quashed ₹17 Cr GST ISD credit denial, remands issue for reevaluation

January 28, 2025 195 Views 0 comment Print

Delhi HC quashed a ₹17 crore GST credit denial, remanding ISD credit issue for reevaluation in light of retrospective amendments to Section 140(7) of CGST Act.

Separate GST Orders for same Period prima facie Not Permissible: Delhi HC

January 28, 2025 516 Views 0 comment Print

Delhi High Court stays operation of a GST order under Section 73 due to alleged duplication in tax claims for April 2018-March 2019. Next hearing: March 2025.

Customs Cannot Demand Duty After EODC unless DGFT challenges EODC

January 28, 2025 312 Views 0 comment Print

CESTAT found that Skipper Ltd. had fulfilled its obligations as verified by DGFT and Customs authorities, which had released performance bond. Judgment reiterated that once export obligation is certified as complete, customs authorities cannot demand duty or penalties unless DGFT challenges the EODC.

Validity of Cryptic Rejection of Taxpayer’s Reply with Copy-Pasted Show Cause Notice

January 28, 2025 4707 Views 0 comment Print

Explore the legal implications of copy-pasted GST show cause notices and arbitrary rejection of taxpayer replies, as highlighted by a key Calcutta High Court judgment.

GST Notice merely on Portal insufficient to pass Assessment Order: Madras HC

January 28, 2025 801 Views 0 comment Print

Madras High Court sets aside GST assessment order in Tvl. Jayam Sai Concrete Works case due to improper notice service. Learn about the ruling and its implications.

Security Checks on Higher Education in India

January 28, 2025 222 Views 0 comment Print

Explore the practical solutions to overcome constraints in India’s higher education system, focusing on funding, curriculum, socio-economic factors, and more.

UPS vs NPS vs OPS: Comprehensive Guide to Pension Schemes

January 28, 2025 1629 Views 0 comment Print

Compare UPS, NPS, and OPS pension schemes. Understand their features, benefits, drawbacks, and eligibility criteria to choose the right plan for your retirement.

Rejection of interlocutory application for declaring process memorandum for resolution plan incomplete not justified

January 28, 2025 81 Views 0 comment Print

NCLAT Chennai held that appeal u/s. 60(5) of I&B Code, 2016 against order rejecting interlocutory application for seeking to declare the process memorandum for Resolution Plan incomplete is hereby allowed.

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