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Archive: 19 May 2025

Posts in 19 May 2025

IBBI (Insolvency Resolution for Personal Guarantors) (Amendment) Regulations, 2025

May 19, 2025 861 Views 0 comment Print

IBBI amends rules for insolvency process of personal guarantors to corporate debtors; new regulation on non-submission of repayment plans added.

Employment Law Challenges in Remote Work Arrangements in India

May 19, 2025 1515 Views 0 comment Print

This research paper delves into the employment law challenges associated with remote work arrangements in India, exploring the legal framework, regulatory considerations, and the impact on various aspects of the employer-employee relationship.

Reopening of accounts/ Recasting of Financial statements Vs Voluntary revision of financial statements and board report.

May 19, 2025 3879 Views 1 comment Print

Understand Sections 130 and 131 of the Companies Act: mandatory reopening by court/tribunal vs. voluntary revision by board with tribunal approval.

Strict Approach Needed While Dealing With Cases of Illegal Constructions: SC

May 19, 2025 1422 Views 0 comment Print

Supreme Court mandates strict action against illegal constructions, rejecting regularization pleas to uphold the rule of law and deter violations. Demolition affirmed.

RBI’s Draft Rules: Regulated Entities Investment in Alternate Investment Funds

May 19, 2025 507 Views 0 comment Print

RBI proposes revised guidelines for regulated entities’ investments in AIFs, capping contributions and mandating provisions for specific downstream debt exposures. Public comments are invited.

Retrospective GST Registration Cancellation Unjustified for Non-Filing of Returns After Cancellation Application

May 19, 2025 7002 Views 0 comment Print

Delhi High Court sets aside retrospective GST registration cancellation for Garg Candle Works, citing invalidity when assessee had applied for closure.

Mismatch in Gold Dore Content Not Sufficient Proof for Customs Duty Evasion

May 19, 2025 459 Views 0 comment Print

CESTAT Delhi sets aside penalty on former CFO, rules mere mismatch in gold dore bar content not proof of customs duty evasion attempt.

Delhi HC directs Release of Duty Drawback After SC Stay

May 19, 2025 741 Views 0 comment Print

Delhi High Court orders Customs to release ₹9.13 lakh in withheld duty drawback to exporter Sans Frontiers following Supreme Court stay on related case.

Delhi HC Permits Provisional Release of Seized Areca Nuts Amid Conflicting Test Reports

May 19, 2025 1005 Views 0 comment Print

Delhi High Court allows provisional release of seized roasted areca nuts for industrial use, citing conflicting test reports and goods deterioration.

ITAT Remands Dixon Technologies prior-period Royalty & Interest Dispute to AO

May 19, 2025 660 Views 0 comment Print

ITAT Delhi sends back Dixon Technologies’ tax case on royalty disallowance to AO for re-examination, citing new evidence and legal arguments.

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