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SVLDRS Scheme- Development post 30.06.2019 are relevant factor

March 8, 2021 915 Views 0 comment Print

Morde Foods Pvt. Ltd. & another Vs Union of India & Others (Bombay High Court) The question is that if the declarant had filed an appeal before the appellate forum and such appeal was finally heard on or before 30th day of June, 2019; whether the declarant would be eligible to make a declaration under […]

UCC & PAN for trading on commodity derivative exchanges

March 8, 2021 633 Views 0 comment Print

The exchanges with commodity derivatives segment shall not allow execution of trades without uploading of the UCC details by the members of the exchange. For this purpose, members shall collect after verifying the authenticity and maintain in their back office the copies of Permanent Account Number (PAN) issued by the Income Tax (IT) Department, for all their clients.

IRDAI imposes Penalty on ‘Chola MS General Insurance Company’

March 8, 2021 1212 Views 0 comment Print

It is found that the engagement with and payments for ‘display of advertisement material’ made by the insurer to TVS, A M Motors, Indus, ERAM and Nippon during the period from 2nd November, 2017 to 31st December, 2019 are in contravention of para 15 (5) (d) of the MISP Guidelines. The violation has continued for […]

Section 138 NI Act : Joint liability, if cheque drawn from Joint Account :SC

March 8, 2021 14208 Views 0 comment Print

A person might have been jointly liable to pay the debt, but if such a person who might have been liable to pay the debt jointly, cannot be prosecuted unless the bank account is jointly maintained and that he was a signatory to the cheque.

FSS (Prohibition and Restrictions on Sales) Third Amendment Regulations, 2021

March 8, 2021 1392 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Prohibition and Restrictions on Sales) Third Amendment Regulations, 2021. (2) They shall come into force on 8th June, 2021.

HC issues COVID Guideline for compliance by all airlines & DGCA

March 8, 2021 648 Views 0 comment Print

The DGCA is directed to reflect, forthwith, on its website, prominently, the instructions containing the guidelines and protocols to be followed by passengers and in-flight crew in domestic flights. This shall be reflected on the main website of the DGCA, without requiring the person accessing the site to navigate through various links to reach the instructions.

IBBI Invites comments on Pre-packaged Insolvency Resolution Process

March 8, 2021 813 Views 0 comment Print

Public comments are hereby invited on recommendations of Sub-committee of ILC on Pre-packaged Insolvency Resolution Process. Suggestion/comments, if any, along with brief justification may be submitted online therein at the below mentioned web link by the end of business hours on 22nd January, 2021:

ITAT deletes substantive & protective additions for AMP expenditure

March 8, 2021 1860 Views 0 comment Print

Amadeus India challenges ITAT Delhi’s transfer pricing adjustment on AMP expenses and disallowance under section 14A. Full text of the ITAT order provided.

PVC tufted coir carpet/Mat classified under Tariff Heading 5703 90 90

March 8, 2021 837 Views 0 comment Print

In re Eco Wood Private Limited (GST AAAR Kerala) The impugned goods viz. PVC tufted coir carpet/Mat is classified under Tariff Heading 5703 90 90 and is liable to GST at the rate of 12% as per SI No. 144 of Schedule II of Notification No. 01/2017-Central Tax (Rate) dated 28-06-2017 as amended. FULL TEXT […]

SC on possession date when builder keeps the same as indefinite

March 8, 2021 6378 Views 0 comment Print

NBCC (India) Limited Vs Ram Trivedi (Supreme Court of India) Where the agreement uses clever drafting language, such as the developer would ‘endeavour’ to hand over possession within a period of time from date of allotment, the Supreme Court in the case of NBCC (India) Limited v. Shri Ram Trivedi [Civil Appeal No. of 20 […]

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