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Release of seized perishable goods – HC directs expeditious conclusion of adjudication proceedings

December 30, 2022 429 Views 0 comment Print

Release of seized perishable goods – conclusion of adjudication proceedings expeditiously – seeking cross examination of the Panch witnesses, other witnesses whose statements are relied upon in the Show Cause Notice and the officers of the DGGI

Section 142 (b) of Negotiable Instruments Act not applicable with retrospective effect

December 30, 2022 8982 Views 0 comment Print

The provision of Section 142 (b) of Negotiable Instruments Act, 1881 cannot be considered to be effective with retrospective effect.

 Contractor is not at fault for introduction of new tax by Govt- Decision to not to reimburse would be too harsh

December 30, 2022 885 Views 0 comment Print

Decision not to reimburse would be too harsh a decision on the part of the respondents, for the reason that the Contractor is not at fault in any manner for incurring the additional tax liability that has occurred because of the introduction of any new tax.

HC set-aside dubious GST Registration cancellation Order & SCN

December 30, 2022 333 Views 0 comment Print

Show cause notice as well as order of cancellation of GST registration are dubious enough and failing to divulge the misdeed or fraud allegedly committed by petitioner

Regulatory Framework for Index Providers – SEBI invite suggestions

December 30, 2022 1167 Views 0 comment Print

In stock market, an index is essentially a method of measuring a change in value of a group of securities forming part of such index. An index performs several functions such as assisting the investors in understanding the health of the market and also enabling them to study the market sentiment, enabling performance measurement, benchmarking etc.

EPFO Issues Circular on Higher Pension

December 29, 2022 11961 Views 2 comments Print

The employees who had retired prior to 1st September 2014 without exercising any option under paragraph 11(3) of the pre-amendment scheme have already exited from the membership there f. They would not be entitled to the benefit of this judgment.

Legal Metrology (Packaged Commodities) (Amendment) Rules, 2022

December 29, 2022 12564 Views 0 comment Print

These rules may be called the Legal Metrology (Packaged Commodities) Amendment (Amendment) Rules, 2022. They shall come into force on the date of their publication in the Official Gazette.

16.50 Lakh penalty imposed on Company & Directors for delay in CS appointment

December 29, 2022 1869 Views 1 comment Print

Company Secretary Ms. Sangeeta resigned from the company w.e.f. 28.01.2021 from the office of whole time company secretary that thereafter company appointed a whole time company secretary Mr. Annu Bhagat on 24.01.2022

CBDT appoints 174 ACIT as DCIT w.e.f. 01.01.2023

December 29, 2022 2922 Views 0 comment Print

174 ACIT (Junior Scale) are, hereby, appointed as DCIT (Senior Time Scale) in Level 11 (Rs.67,700-2,08,700/-) of the Pay matrix (PB-3 in the pay scale of Rs. 15,600-39,000 (from GP Rs. 5,400 to 6,600) (pre-revised)], w.e.f 01.01.2023

Second tranche of tariff concessions under India Australia ECTA notified

December 29, 2022 1356 Views 0 comment Print

Seeks to give effect to the second tranche of tariff concessions under India Australia ECTA vide Notification No. 64/2022-Customs | Dated: 29th December, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 64/2022-Customs | Dated: 29th December, 2022 G.S.R. 908(E).—In exercise of the powers conferred by sub-section (1) of section 25 of […]

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