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IBBI penalises IP for appointing unregistered valuers & not sending notice of meeting of CoC to OCs

November 2, 2022 882 Views 0 comment Print

IBBI held that lapses in procedure about appointing  unregistered valuers, not sending notice of the meeting of CoC to OCs and not seeking approval from CoC regarding insurance cost indicates that Mr. Sanjeev Ahuja was not cautious and careful in interpreting the provisions of the Code and Regulations made thereunder and complying with these requirements. […]

Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022

November 1, 2022 1005 Views 0 comment Print

Reserve Bank of India RBI/2022-23/135 DoR.AUT.REC.81/24.01.001/2022-23 November 01, 2022 Madam / Sir, Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022 In exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public […]

CBIC amends notification No. 50/2017-Customs, dated 30th June, 2017

November 1, 2022 46179 Views 0 comment Print

Seeks to amend notification No. 50/2017-Customs, dated the 30th June, 2017 to amend sl. no. 404 of the said notification | Notification No.56/2022-Customs | Dated : 01st November, 2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi Notification No. 56/2022-Customs | Dated : 01st November, 2022 G.S.R. 798(E).— In exercise of the […]

GST exemption not applicable to production & sale of agricultural seeds: AAAR

October 31, 2022 9039 Views 7 comments Print

In re Ganga Kaveri Seeds Pvt Ltd. (GST AAAR Telangana) Appellants are in the business of production and sale of agricultural seeds. In the process of production, the applicant outsources certain services such as cleaning, drying, grading and packing to the job workers and stores the seeds in various facilities after processing them. In the […]

Rating Scales Used by Credit Rating Agencies (CRAs) – Guidelines

October 31, 2022 2244 Views 0 comment Print

A ‘rating outlook’ indicates CRA’s view on the expected direction of the rating movement in the near to medium term, whereas a ‘rating watch’ indicates a CRA’s view on the expected direction of the rating movement in the short term.

Practical Guide To GSTR -9/9C – Live Session

October 30, 2022 14685 Views 0 comment Print

This Session Covers Practical Aspects of Annual Returns and Annual Reconciliation under GST from Basic to Advanced level covering all the Relevant Rules. Session Coverage 1.) We will cover a Complete Analysis of all the tables of form GSTR -9 with Relevant Examples and Case Studies Including Technical Aspects of the form. In this session, […]

Writ petition filed against MCA for seeking extension

October 30, 2022 16524 Views 1 comment Print

Dilip Kumar Choudhary Vs Ministry of Corporate Affairs (Delhi High Court) 1. That the Petitioner is a Proprietor of a firm named Kumar Dilip & Associates (Herein after referred to as “Petitioner Firm”) registered under with ICSI (Institute of company secretaries of India). The Petitioner firm is comprises of company secretaries, others professionals engaged in […]

Affidavit cannot be brushed aside without verifying the veracity of such affidavit

October 28, 2022 2130 Views 0 comment Print

It is seen from the record that the assessee had filed various evidences in the form of affidavit etc. The learned CIT(A) has brushed aside those evidences without even verifying the veracity of such affidavit. Merely stating that the affidavit was procured subsequent to marriage, in my considered view is not justified.

ITAT condone delay as assessee was illiterate & not claimed VRS exemption in Return

October 28, 2022 1383 Views 0 comment Print

Deepak Budhani Vs ITO (ITAT Chandigarh) Ld. AR submitted that the assessee did not claim the amount of VRS as exempt in the return of income for the simple reason that the assessee was an illiterate person who did not have any knowledge of the provisions of the Income Tax Act and also did not […]

Time limit applicable for demand of customs duty also applies to recovery

October 28, 2022 3984 Views 0 comment Print

It is settled position of law that the time limit applicable for demand of customs duty under section 28 ibid is also applicable to recovery of amount under section 28B.

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