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Panipat Court refuses bail in alleged Fake & fraudulent ITC case

February 10, 2021 2097 Views 0 comment Print

Mohit Bathla Vs CGST Division Panipat (Panipat District Court) This order shall dispose of an application for regular bail moved on behalf of the applicant-accused, named above. 2. Briefly, the case of the prosecution is that on 24.12.2020, a search operation at the premises of M/s S.B. Chemicals of applicant-accused Mohit Bathla was conducted by […]

Consider inclusion of online gambling & betting under Kerala Gaming Act

February 10, 2021 861 Views 0 comment Print

High court directed directed State Government to take appropriate decision on the aspect of inclusion of online gambling and online betting, within the purview of the Kerala Gaming Act, 1960, within a period of two weeks from today.

Incorporation of Companies in current fiscal increased 21%

February 9, 2021 702 Views 0 comment Print

Ministry of Corporate Affairs Incorporation of Companies in current fiscal increased 21% as compared to corresponding period in previous fiscal Posted On: 09 FEB 2021 5:56 PM by PIB Delhi The number of companies incorporated from April, 2020 till December, 2020 (COVID 19 period) in the Financial Year 2020-21 (till 31-12-2020) compared to corresponding period […]

Initiation of Sunset Review of Anti-Dumping Duty imposed on imports of Glazed/ Unglazed Porcelain/Vitrified tiles

February 9, 2021 429 Views 0 comment Print

Case No. AD-SSR-20/2020): Initiation of Sunset Review of Anti-Dumping Duty imposed on imports of ―Glazed/ Unglazed Porcelain/Vitrified tiles in polished or unpolished finish with less than 3% water absorption‖ originating in or exported from China PR

HC slams Arbitration Court for confirming unreasoned arbitral award

February 9, 2021 849 Views 0 comment Print

Hindustan Petroleum Corporation Ltd. Vs Banu Constructions (Madras High Court) FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT The argument on behalf of the appellant is short and sweet: that the first principles of arbitration law do not permit an unreasoned order to be justified by supplementing reasons therefor upon looking into the evidence or […]

Ensure Functioning of GSTAT Benches in UP by 01.04.2021: HC

February 9, 2021 1449 Views 0 comment Print

Torque Pharmaceuticals Pvt. Ltd. Vs Union of India And 5 Others (Allahabad High Court) It is pertinent to mention that dealers in the State of Uttar Pradesh falling under the CGST Act/ U.P. GST Act and aggrieved with the orders of first appellate authority under Section 107, have been left remediless inasmuch as Appellate Tribunal […]

Finance Bill 2021 tightens norms around taxation of assets/sums received by Partners on Retirement

February 9, 2021 44007 Views 4 comments Print

As per the current provisions of Section 45(4), the profits or gains arising from the transfer of a capital asset upon its distribution on dissolution or otherwise of the firm or body of individual (BOI) or association of persons (AOP) is chargeable to tax as ‘capital gains’ in the hands of the firm /BOI /AOP in the year in which such transfer takes place.

Government relaxes norms for family pension to disabled survivors

February 9, 2021 1833 Views 0 comment Print

Government has issued instructions to liberalise the income criteria for eligibility of a child/sibling of a deceased Government servant/pensioner for grant of family pension under CCS (Pension) Rules, 1972.

Steps to ameliorate COVID-19 impact on Indian economy

February 9, 2021 1314 Views 0 comment Print

As per the Estimates of Gross Domestic Product (GDP) for the First Quarter (Q1) of 2020-21 released by the National Statistical Office (NSO), Ministry of Statistics & Program Implementation (MoSPI), the real GDP in India contracted by 23.9 per cent during the first quarter of 2020-21 (as against 5.2 per cent growth in Q1 of 2019-20).

Labour initiatives announced in Union Budget 2021

February 9, 2021 1836 Views 0 comment Print

Secretary Labour & Employment Shri Apurva Chandra outlined the key budget announcements for migrant workers and labourers and those related to employment generation. Addressing a press briefing here today on Budget announcements 2021, he explained various labour initiatives and issues.

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