RERA authority has the jurisdiction to entertain a complaint by an aggrieved person against the bank as a secured creditor if the bank takes recourse to any of the provisions contained in Section 13(4) of the SARFAESI Act.
DCIT Vs Aarti Catalyst Solutions P. Ltd. (ITAT Ahmedabad) In the present case on hand, the assessee has discharged his onus by providing details relating to the loan amount availed from the three creditors by producing their bank accounts, Income-Tax Returns, confirmation letters, etc. The AO has doubted source of the creditors thereby the AO […]
Ezzy Electricals Vs State of Gujarat (Gujarat High Court) HC held that if the writ applicant is otherwise entitled to claim the Input Tax Credit under Section 18(1)(c) of the Act, a technical glitch in the portal should not deprive him of such a claim. It was within the capacity of the department itself to […]
Nandlal Namdev Otwani Vs Vijay Jayprakash Ahuja (Gujarat High Court) HC held that At this stage only the point needs to be considered as to whether the delay occurred in preferring the said Appeal from Order is well explained or not. Now as the legal settled proposition which has been set-out here-in-above, considering the prevalent […]
Chennai-IV Commissionerate is introducing the EPD portal as a one-stop solution for online submission of mandatory compliances such as Returns, intimation of import, intimation of goods receipt, B17 bond debit & credit. The portal can be accessed through the web link https://epdchennaicustoms.in/. T
As per Regulations 11(1)(f) of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015, one of the functions of the Committee is to discharge any other function entrusted by the Authority from time to time. Accordingly, the committee is entrusted to review AOA of IIISLA. The detailed terms of reference are as follows:
Replenishment Authorisation for applications submitted before 21.02.2022 through legacy system (http://dgftcom.nic.in/eComapplications.html) will continue to be processed through legacy system by RAs.
On the anti-evasion side, CGST Commissionerate, Gandhidham booked a case of irregular availment of Input Tax Credit (ITC) on ‘Base Oil’ by certain Transporters in Kutch who are reported to have been illegally using such ‘Base Oil’ as automotive fuel. Further, such misuse is environmentally egregious. It is reported that the total inadmissible ITC availed is in excess of Rs. 13 Crore and that an amount of Rs. 5.80 Crore has been recovered till date.
Kernex TCAS JV is executing a contract for South Central Railways for design, supply, installation, testing and commissioning of onboard train collision avoidance system (TCAS). The applicant is desirous of ascertaining the liability to tax under GST law on the execution of this contract on various counts including place of supply. Hence this application.
In order to ensure ease of compliance for the market participants in the EGR ecosystem as well as effective implementation of the Regulations, Standard Operating Guidelines under Regulation 28 of SEBI (Vault Managers) Regulations, 2021 read with Regulation 97 of SEBI (Depositories and Participants) Regulations, 2018 are being issued. The Standard Operating Guidelines are laid down in Annexure-1.
