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Interim Compensation Awarded U/S 143A of NI Act Cannot Be Recovered From Estate of Deceased Accused

May 8, 2022 16941 Views 0 comment Print

Indranil Mukherjee Vs State of West Bengal And Others (Calcutta High Court) The Calcutta High Court held that in case of death of an accused the compensation awarded under Section 138 of the Negotiable Instruments Act, 1881 can be recovered from the estate of a deceased accused, but an interim compensation awarded under Section 143A of […]

Stamp duty has to be independently paid for a Power of Attorney executed along with a deed assigning debt: SC

May 8, 2022 3924 Views 1 comment Print

Asset Reconstruction Co. (India) Ltd. Vs Chief Controlling Revenue Authority (Supreme Court of India) The High Court overlooked the fact that there was no independent instrument of PoA and that in any case, the power of sale of a secured asset flowed out of the provisions of the Securitisation Act, 2002 and not out of […]

Simple Aluminium Plates’ classifiable under CTH 76061200

May 8, 2022 672 Views 0 comment Print

CESTAT Bangalore ruling on aluminum classification. Commissioner’s order final. Analysis of Alufit India vs. Commissioner of Customs case.

Territorial Jurisdiction of NCLT cannot Be taken away by Agreement between Parties

May 8, 2022 795 Views 0 comment Print

NCLAT Delhi dismisses appeal, upholding the jurisdiction of NCLT, Principal Bench at New Delhi, in admitting Section 7 Application under the Insolvency and Bankruptcy Code.

Section 54 deduction allowable for investment within time limit prescribed u/s 139(4)

May 8, 2022 1557 Views 0 comment Print

Mathew Pradeep Francis Vs ACIT  (ITAT Bangalore) In the instant case, we noticed that the assessee has made investment in acquiring new residential house property within the time given in section 54 of the Act and also within the time limit prescribed u/s 139(4) for filing revised return of income. Accordingly, following the binding decision […]

Cenvat Credit cannot be denied merely for Clerical/typographical error

May 8, 2022 2295 Views 0 comment Print

Hindustan Zinc Ltd. Vs Commissioner (Appeals), Central Excise & Central Goods And Service Tax (CESTAT Delhi) The issue to be adjudicated herein is as to whether the Cenvat Credit availed of Service Tax paid is liable to be denied being availed on the following grounds:– (i) Performa invoices (ii) Invoices issued in the name of […]

Arbitrator to decide on need to impleaded third party

May 8, 2022 6450 Views 0 comment Print

Vistrat Real Estates Private Limited Vs Asian Hotels North Ltd (Delhi High Court) Once a valid arbitration agreement exists between the parties, the issue whether the petitioner is entitled to any relief in the absence of a third party to the agreement or that third party is required to be impleaded in the proceedings, is […]

SEBI constitutes advisory committee on Environmental, Social & Governance matters

May 7, 2022 2121 Views 0 comment Print

Securities and Exchange Board of India Press Releases No. 15/2022 SEBI constitutes advisory committee on Environmental, Social and Governance (ESG) matters 1. SEBI has constituted a committee for advising on ESG-related matters in the securities market. The members of the committee are: S. No. Name Designation 1. Chair of Committee – Mr. Navneet Munot CEO, HDFC […]

India@100 – Insurance for all 

May 7, 2022 1689 Views 0 comment Print

Insurance Regulatory and Development Authority of India (IRDAI) is continuously engaging with the stakeholders of the insurance industry in order to set out a reforms agenda for increasing insurance penetration and facilitating sustainable growth of the industry.

Relax time period for Resubmission of forms in LLP V3 modules – ICSI requests

May 7, 2022 13749 Views 2 comments Print

ICSI request MCA to grant relaxation of time period for resubmission of Forms for easing the stakeholders in this transition period to the new V3 Module, to allow one time opportunity for resubmission of forms which are NOT TAKEN ON RECORD and to allow waiver of additional fees for various LLP Forms upto 30.05.2022; and […]

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