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BOOT model for Smart Meters not covered under the category Social and Commercial Infrastructure

February 23, 2022 3195 Views 0 comment Print

Infrastructure sub-sectors mentioned against the category Social and Commercial Infrastructure do not include BOOT model for Smart Meters or smart meters. Therefore, BOOT model for Smart Meters or smart meters is not covered under the category Social and Commercial Infrastructure and the same is not covered under the definition of Infrastructure under Regulation 2(1)(t) of the InvIT Regulations.

SEBI (Depositories and Participations) (Amendment) Regulations, 2022

February 23, 2022 3396 Views 0 comment Print

1. These Regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2022. 2. They shall come into force on the date of their publication in the Official Gazette.

PM CARES for Children Scheme Extended up to 28.02.2022

February 23, 2022 909 Views 0 comment Print

PM CARES for Children Scheme Extended up to 28th February, 2022 The Ministry of Women and Child Development, Government of India has extended the PM Cares for Children Scheme till 28th February, 2022. Earlier the scheme was valid till 31st December, 2021. A letter in this regard has been written to all Principal Secretaries/ Secretaries, Women and […]

Income Tax Benefits for Retired Employee

February 23, 2022 12621 Views 2 comments Print

BENEFITS FOR RETIRED EMPLOYEES – UNDER INCOME TAX LAW > Higher Basic exemption limit > Exemption from tax on amount received as Gratuity, Commuted Pension, Leave Encashment and from Provident Fund > Higher deduction for Medical Insurance Premium > Higher deduction limit for interest from Banks and Post Office ………….and many more BENEFITS UNDER DIRECT […]

NCLAT permits withdrawal of CIRP – Operational Creditor can avail appropriate legal remedy

February 23, 2022 1545 Views 0 comment Print

Go Airlines (India) Ltd. Vs Sovika Aviation Services Pvt. Ltd. (NCLAT Delhi) Heard Shri Krishnendu Datta, learned senior counsel for the Appellant and Shri Ritin Rai, learned senior counsel appearing for the Respondent. This Appeal has been filed against the order dated 23.09.2021 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench by […]

NCLAT allows exclusion of 90 days from the CIRP

February 23, 2022 3345 Views 0 comment Print

In Re Vinod Tarachand Agrawal Resolution Profession of Mayfair Leisures Limited (NCLAT Delhi) The Ld counsel for the appellant has stated that the exclusion of 90 days from the CIRP of the CD would save the company from ‘Liquidation’. It was also pointed out by the ld. Counsel that there was a ‘Prospective Resolution Applicant’ […]

No Service Tax on amount recovered as Liquidated Damages

February 23, 2022 3105 Views 0 comment Print

Rajcomp Info Service Limited Vs Commissioner (CESTAT Delhi) In this case Liquidated damages, has been held to be susceptible to service tax under section 66E(e) of the Finance Act by the Commissioner as an amount received for tolerating an act. According to the appellant, the liquidated damages recovered on account of breach or non-performance of […]

Review in the garb of reassessment is absolutely prohibited

February 23, 2022 3051 Views 0 comment Print

Tata Sons Limited Vs DCIT (Bombay High Court) This is a case where the scrutiny assessment was completed and order under section 143(3) of the Act has been passed followed by a rectification order under section 154 of the Act. Therefore Petitioner’s case has been considered at two stages, (i) When the assessment order was […]

HC surprised with reasons recorded for reopening & hoped for better reasons

February 23, 2022 2373 Views 0 comment Print

Nirmal Bang Securities Pvt Ltd Vs ACIT (Bombay High Court) In this case reasons quoted were bereft of any material as AO quoted that search information is received with regard to accommodation entry But  does not indicate what address was searched, from whom such information was received, what date the search happened, what date the […]

NCLT President, Chairperson & Members appointed

February 22, 2022 7095 Views 0 comment Print

Appointment of Chairperson in National Company Law Tribunal, Appointment of Members in National Company Law Tribunal and Appointment of President in National Company Law Tribunal Appointment of Members in National Company Law Tribunal MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd February, 2022 S.O. 815(E).—In exercise of the powers conferred by section 408 of […]

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