Explore the MCA decision to reduce penalties for non-reporting related to the Internal Committee under POSH guidelines. Learn about the case, arguments, and the reduced penalties
EXPOSURE DRAFT IRDAI (Registration and Operations of Foreign Reinsurers Branches & Lloyd’s India) Regulations, 2024 1. To meet the objective of the Authority to promote ease of doing business, the Regulation Review Committee (RRC) was formed with an intent of streamlining various regulations issued by the Authority. 2. The RRC has recommended unification of regulations, […]
Explore the implications of the National Company Law Tribunal’s resolution plan approval on the CESTAT Bangalore’s jurisdiction in the case of Patanjali Foods Ltd. vs. Commissioner of Customs.
Ministry of Corporate Affairs imposes Rs. 180,000 penalty on M/S Mukund M Chitale & Co., auditors of The Peerless General Finance & Investment Co Ltd, for Section 143(3) violations.
Explore SEBI’s latest circular on upstreaming clients’ funds by stock brokers, addressing operational difficulties. Learn the revised framework for enhanced transparency.
Explore the case of Farooque Construction vs. Kerala GST – a partnership facing consequences for defaulting on settled tax dues under the Amnesty Scheme.
Pelican Tobacco Co. Ltd. appeals against CESAT’s jurisdiction in Punjab and Haryana High Court. Analysis of non-compliance with deposit orders and legal process misuse.
CESTAT Kolkata rules that procedural lapses shouldn’t obstruct substantive customs duty benefits. Case analysis of Softel Overseas Private Limited vs. Commissioner of Customs.
The case of BMW India Pvt. Ltd. vs. Union of India (UOI) and others, as heard in the Punjab and Haryana High Court, revolves around the imposition of Integrated Goods and Services Tax (IGST) on amounts reimbursed to overseas entities for services rendered.
If amount already been considered in subsequent assessment years and assessment order has been passed, the question of escapement of income for same amount in previous year will not arise.
