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Penalty Set Aside as RoC Did Not Consider Immunity under CFSS-2020

August 9, 2024 348 Views 0 comment Print

Calcutta HC sets aside penalty for Jeet Machine Tools Ltd. under CFSS-2020 immunity, dismissing the appeal against the ROC Mumbai order.

Related Party Transaction Allegation: IBBI Directs IP to Submit NCLAT Order

August 9, 2024 318 Views 0 comment Print

IBBI orders disciplinary action against Mr. S Vasudevan for alleged violations in the insolvency process of Mega Foods Products Madras Pvt Ltd.

IFSCA Extends Bullion Trading Guidelines to October 31, 2024

August 9, 2024 111 Views 0 comment Print

IFSCA extends bullion trading guidelines until October 31, 2024, or until revised requirements are issued, according to circular F No. 329/IFSCA/Bullion MIIs/2024-25/04.

AAR Rejects Rectification Request Due to No Apparent Error on Record

August 8, 2024 753 Views 0 comment Print

AAR Tamil Nadu denies rectification request for Mitsubishi Electric’s GST ruling, confirming no errors in the original decision on input tax credit and duty payments.

Share Application Money use before allotment, No Separate Bank Account: MCA Imposes ₹1.71 Crore Penalty

August 8, 2024 1734 Views 0 comment Print

Quadrant Future Tek Ltd faces penalties for violating Section 42(5) of the Companies Act, 2013. Non-compliance with procedural requirements leads to fines.

GST Exemption on Flying Training Services by NFTI: AAR Maharashtra Ruling

August 8, 2024 1212 Views 0 comment Print

GST AAR Maharashtra rules that flying training services for Commercial Pilot License courses are exempt from GST under Notification No. 12/2017.

GST on Intra and Inter-State Supply of Electricity Energy: AAR Ruling

August 8, 2024 1020 Views 0 comment Print

Explore the GST ruling for AES Engineering Solar Pvt Ltd. Find out about GST liability on intra-state and interstate energy delivery, and input tax credit claims.

Notification No. 98/2024 Income Tax Exemption for Karnataka Disaster Centre

August 7, 2024 894 Views 0 comment Print

CBDT notifies Karnataka State Natural Disaster Monitoring Centre for tax exemptions on specific incomes. Effective for AY 2021-22 to 2025-26 with conditions.

GST on Ready-to-Eat Food Items Sold Without Brand Name

August 7, 2024 1713 Views 0 comment Print

Explore the GST AAR Kerala ruling for Devalokam Bakery on whether Pani Puri, Masala Chat, and other items fall under 5% restaurant sales tax or not.

ITC on Demo Cars for Motor Vehicle Dealers: GST AAR Kerala

August 7, 2024 609 Views 0 comment Print

Clarification on ITC eligibility for inward supply of motor vehicles used for demonstration purposes in the course of motor vehicle business. AAR Kerala ruling

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