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Education Loan cannot be denied merely for Low CIBIL Score of Co-Borrowers

May 18, 2022 8916 Views 0 comment Print

Kiran David Vs Assistant General Manager State Bank of India (Kerala High Court) The petitioners are aggrieved by the denial of education loan. The petitioner wanted to study Post Graduate Diploma in Management (Securities Market) in the National Institute of Securities Markets (NISM), Navi Mumbai. The petitioner submitted application for education loan of ₹7,30,000/- to […]

Section 65-B of Indian Evidence Act not applies to arbitration

May 18, 2022 4851 Views 0 comment Print

Millennium School Vs Pawan Dawar (Delhi High Court) In V.E. Venkatachala Gounder v. Arulmigu Viswesaraswami & V.P. Temple And Anr.: (2003) 8 SCC 752, the Supreme Court held that an objection with regard to a certificate of Section 65-B of the Evidence Act is not available if it is not taken at the material time. […]

Alternative remedy is not absolute bar to maintainability of Writ Petition in Exceptional Circumstances

May 18, 2022 3576 Views 0 comment Print

B.D Tea Estates Pvt. Ltd. Vs State of West Bengal & Ors. (Calcutta High Court) Petitioner’s sole contention for avoiding the statutory alternative remedy of Appeal before the West Bengal Taxation Tribunal against the impugned order of the first Appellate authority which it has voluntarily chosen at the first instance to challenge the assessment order in […]

Selection of proper Accounting Head at the time of making e-payment of various duties of Central Excise

May 18, 2022 1779 Views 0 comment Print

OFFICE OF HIE PRINCIPAL ADDITIONAL DIRECTOR GENERAL OF SYSTEMS & DATA MANAGEMENT GST & CENTRAL EXCISE, GST BHAVAN, NO.  26/1, MAHATHMA GANDHI ROAD, NUNGAMBAKKAM, CHENNAI – 34 Tele: 044-29515378; Fax:044-28331104 Mail: dochennairtuicegate.gov.in ADVISORY NO. 12/2022 – ACES-GST (CE&ST) Sub:- Selection of proper Accounting Head at the time of making e-payment of various duties of Central Excise-reg […]

SEBI grants renewal of recognition to MCXCCL

May 18, 2022 888 Views 0 comment Print

SEBI grants renewal of recognition to theMulti Commodity Exchange Clearing Corporation Limited (MCXCCL) for three years commencing on the 31st day of July, 2022 and ending on the 30th day of July, 2025 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 18th May, 2022 No. SEBI/LAD-NRO/GN/2022/85.—The Securities and Exchange Board of India, having considered […]

GST: Section 129 Order without affording opportunity of hearing to assessee is invalid

May 18, 2022 4059 Views 0 comment Print

Premium Traders Vs State of U.P. (Allahabad High Court) It is admitted case of the respondents that the invoice accompanied with the goods in question was issued by the petitioner. Therefore, the respondent no.3 has committed a manifest error of law not to afford any opportunity of hearing to the petitioner despite persuasion made by […]

GSTR2B is now available for April 2022

May 18, 2022 13107 Views 1 comment Print

It may be noted that, the Input Tax Credit (ITC) gets auto populated in GSTR3B from GSTR2B only if the taxpayer has not saved any data in GSTR3B for that tax period. 2. The auto population of ITC in GSTR3B will not happen for those taxpayers who have already saved data in GSTR3B. In such […]

IFSCA Framework for Aircraft Lease

May 18, 2022 3165 Views 0 comment Print

International Financial Services Centres Authority (IFSCA) has issued a circular outlining the framework for aircraft leasing in International Financial Services Centres (IFSCs). The circular, based on powers granted under the IFSCA Act, 2019, classifies aircraft leasing—including operating, financial, and hybrid leases—as financial products. It extends this classification to aircraft ground support equipment and aviation training […]

Enabling export of Bangladesh goods to India by rail in closed containers

May 17, 2022 2625 Views 0 comment Print

A request has also been received from the High Commissioner of Bangladesh in New Delhi in which it has been informed that containers going from India to Bangladesh by rail are returning empty after delivering India’s export goods there and that Bangladesh companies have expressed interest to use such empty containers to export their products to India.

Amendment in Export Policy of Wheat – CBIC Clarification

May 17, 2022 1071 Views 0 comment Print

It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their Systems on or prior to 13.5.2022, such consignments may also be allowed to be exported, as provided in Para 9.12 (B) of the Handbook of Procedure, 2015-2020.

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