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SEBI Consultation Paper on Environmental, Social and Governance (ESG) Rating Providers for Securities Markets

January 25, 2022 2028 Views 0 comment Print

In recent years, climate change concerns and sustainable development have taken centre stage in global and national priorities. There has been a growing recognition of the significant financial and economic impacts of environmental, social and governance (ESG) risks across the globe, with many international bodies and financial regulators examining ESG-related issues including regulation and supervision.

Interest on Compensation payable from accident Date and Not Date of Adjudication of Claim: SC

January 24, 2022 3519 Views 0 comment Print

Ajaya Kumar Das Vs Divisional Manager (Supreme Court of India) Section 4A of the Workmen’s Compensation Act 1923 stipulates that the Commissioner shall direct the employer to pay interest of 12% or at a higher rate, not exceeding the lending rates of any scheduled banks specified, if the employer does not pay the compensation within […]

HC granted interim relief from payment of GST for grant of mining lease/royalty 

January 24, 2022 21348 Views 3 comments Print

Ratan Black Stone Vs Union of India (Jharkhand High Court) Learned counsel for the Respondents submits that earlier, this Court have been pleased to grant stay of recovery of service tax for grant of mining lease / royalty from the petitioners covered under the interim order dated 02.03.2021 passed in the batch of writ petitions […]

Availability of Audit Reports and Process Flow Steps In E-Filing 2.0

January 24, 2022 3162 Views 0 comment Print

Article contains Process Flow Steps In E-Filing 2.0 on New Income Tax Portal For all Audit Forms including Form 15CB and Form 10CCB and it also contains List of 22 Audit Reports and mode of Submission. A. PROCESS FLOW – For all Audit Forms except Form 15CB and Form 10CCB Steps Action by Action Description Step […]

Weekly newsletter from Chairman, CBIC dated 24/01/2022

January 24, 2022 1644 Views 0 comment Print

On the Anti-Evasion front, based on specific inputs from the. Directorate General of Analytics and Risk Management, Nhava Sheva Customs intercepted 47 Containers, declared to contain 1200 MT Anode Butts. However, examination revealed that the goods were used/waste Anode Butts.

CAIT filed petition against alleged violation of Competition Act by Amazon

January 24, 2022 987 Views 0 comment Print

Exposing Amazon’s yet another brazen and blatant violation of Competition Act, the Confederation of All India Traders (CAIT) has today filed a strong complaint with the Competition Commission of India against Amazon committing the fraud for seeking and obtaining approval of CCI for its illegal takeover of More Retail’s stores in India.

VAT Addition which was not available for Set-Off deleted by ITAT

January 24, 2022 1803 Views 0 comment Print

R.S. Steel Manufacturers Vs ACIT (ITAT Ahmedabad) In this case Ld. CIT(A), it appears presumed that  that the VAT receivable was very much available for set off as per the books of the assessee and as opposed to that claimed by it that it was not available for set off. We find that this finding […]

No concessional GST on residential complex for employees of APHSL

January 24, 2022 1434 Views 0 comment Print

In re Siddartha Constructions (GST AAR Andhra Pradesh) The residential complex under discussion is meant for the employees of Andhra Pradesh High Grade Steels Ltd. (APHSL) and not for the use of the persons like Members of Parliament, State Legislature, Panchayats, Municipalities or other local authorities. Neither they belong to the persons holding any constitutional […]

Andhra Pradesh Industrial Infrastructure Corporation Ltd. (APIIC) is Govt entity for GST

January 24, 2022 2967 Views 0 comment Print

In re Siddartha Constructions (GST AAR Andhra Pradesh) Andhra Pradesh Industrial Infrastructure Corporation Ltd. (APIIC) was formed in 1973 by GO No: 831 dated: 10.09.1973 issued by Government of Andhra Pradesh. As seen from the share holding ratios of the 41′ Annual Report for the years 2013-2014 as made available by APIIC website https://www.apiic.in, the […]

Summoning via WhatsApp not Overreach of Judicial System: Delhi HC

January 24, 2022 3858 Views 0 comment Print

ICICI BANK Limited Vs Rashmi Sharma (Delhi High Court) In the considered view of this Court, there was no occasion at all for the Commercial Court to issue show cause notice for initiating criminal contempt against the plaintiff. Just because the photograph of the summons were sent by the plaintiff to the defendant through WhatsApp […]

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