Parvaiz Ahmad Bhat Vs Fida Mohamamd Ayoub (Jammu and Kashmir High Court) The question whether stop payment instructions, which result in dishonor of a cheque, would amount to an offence under Section 138 of the NIA Act, was considered by the Supreme Court in M. M. T. C. Ltd. Vs. M/S Medchl Chemicals, (2001) 1 […]
The GST Council has recommended to defer the decision to change the rates in textiles which were recommended in the 45 GST Council meeting. Consequently, the existing GST rates in textile sector would continue beyond 1st January, 2022.
Rajasthan BJP Economic Cell has made a request for extension of due date of furnishing of Report of Audit under provision of the Income-tax Act, 1961 for the A. Y. 2021-22. Full text of their representation is as follows:- Bharatiya Janata Party, Rajasthan Shri J.B. Mohapatra, Chairman – Central Board of Direct Taxes, Ministry of […]
Objective of Consultation paper for Review of SEBI (Collective Investment Schemes) Regulations, 1999 is to seek comments / views from the public on the proposals that are intended to strengthen the regulatory framework for Collective Investment Schemes (CIS) as well as empower the Collective Investment Management Company (CIMC) to effectively discharge their responsibilities towards the investors of the schemes.
Since the provisions of Regulation 23 of the LODR Regulations would be applicable to high value debt listed companies also, it has been decided to Related Party Transactions disclosure obligations applicable to high value debt listed entities.
Chamber of Tax Consultants has made a Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports to Smt. Nirmala Sitharaman, Hon’ble Finance Minister,Ministry of Finance. Full text of their representation is as follows:- The Chamber of Tax Consultants Date: 7th January, 2022 To, 1. Smt. Nirmala Sitharaman, Hon’ble Finance Minister, […]
It is clarified that Offices/Firms of Chartered Accountants are permitted to function with 50% of their staff strength during weekends strictly adhering to COVID appropriate behaviour. Movement of Chartered Accountants and their staff is permitted on producing valid ID card issued by their receptive offices.
Centre issues guidelines for restructuring under Sugar Development Fund Rules 1983 Guidelines have provision for two years moratorium and then five years of repayment expected to provide relief to financially weak sugar mills which have availed SDF loans In order to facilitate rehabilitation of financially weak but economically viable sugar mills which have availed loans […]
Carbon Resources Private Limited Vs The Prinicipal Commissioner of Customs (Port) & Anr. (Calcutta High Court) Petitioners in this writ petition are aggrieved by inaction on the part of the respondents to dispose of their first representation dated December 26, 2020 being Annexure P3 to the writ petition as well as the second representation by […]
We find going by the principle of dominant use as enunciated in the judgments cited above, as we find that the tyres are basically suitable for off-road use that is in difficult terrain and rocky/muddy areas etc.
