Follow Us:

Use of Aadhaar & how it is different from other government identity

April 7, 2022 1230 Views 0 comment Print

Aadhaar is a unique 12 digit random number assigned to a resident which is apart from offline or physical  verification, verifiable online anywhere anytime using the Aadhaar authentication platform. Aadhaar authentication responds only with ‘yes/no’ answer.

Cost of consumable cannot be claimed as cost of improvement of Capital Assets

April 7, 2022 8025 Views 0 comment Print

Meeta Hasmukh Gandhi Vs ITO (ITAT Mumbai) From the details, it is evident that assessee is claiming cost of improvement, which are consumable items on account of furnishing sofa etc. The authorities below are correct that these items cannot be considered as cost of improvement for computation of capital gain. FULL TEXT OF THE ORDER […]

Guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations, 2011

April 6, 2022 2670 Views 0 comment Print

KRAs shall continue to act as repository of KYC data in the securities market and shall be responsible for storing, safeguarding and retrieving the KYC documents and submit to the Board or any other statutory authority as and when required.

No violation if IRP allowed higher interest rate as per RERA Court order

April 6, 2022 2535 Views 0 comment Print

The DC notes the submission of Mr. Singal that admission of higher interest was not possible if claims were continued to be classified under FC in class category and since in RERA decree, the Hon’ble Court has allowed interest ranging from 8-18% and, therefore, he had no option but to allow them interest as per […]

Delay in intimation of Change in Object Calsue – MCA Imposes Penalty

April 6, 2022 1197 Views 0 comment Print

This document is a notice issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli, under the Ministry of Corporate Affairs, India. The notice pertains to the adjudication of a penalty against Starnet Real Estate Development Limited (formerly known as Starnet Software (India) Limited) for violation of Section 117 of the Companies Act, 2013. […]

HC dismisses PIL and imposes ₹50k Cost on litigant for misleading the court

April 6, 2022 2721 Views 0 comment Print

Ram Prasad Rajouriya Vs State of U.P. and others (Allahabad High Court) one of the two cherished basic values by Indian society for centuries is “satya” (truth) and the same has been put under the carpet by the petitioner. Truth constituted an integral part of the justice-delivery system in the pre-Independence era, however, post-Independence period […]

Remand Order Cannot Be Passed As A Matter of Course: SC

April 6, 2022 8733 Views 0 comment Print

Nadakerappa Vs Pillamma (Supreme Court of India) The Division Bench, without assigning any cogent reasons, has set aside the order of the learned Single Judge and has remanded the matter to the Land Tribunal. It is settled law that the order of remand cannot be passed as a matter of course. An order of remand […]

No Penalty on Importer for Error by Shipper/Exporter in Bill of Entry

April 6, 2022 1758 Views 0 comment Print

Callmate India Pvt Ltd Vs Commissioner of Customs (CESTAT Delhi) CESTAT finds that there is no case of deliberate mis-declaration made out on the part of the Appellant importer. The Bill of Entry had been filed as per the packing list and Bill of Lading. Further, the Shipper/Exporter have accepted their mistake, there being error […]

Non-appearance gives rise to presumption that assessee had nothing to rebut to findings of AO

April 6, 2022 1194 Views 0 comment Print

SH. Inder Pal Singh Bedi Vs ACIT (ITAT Delhi) Bench is of considered opinion that a presumption of truth is attached to the record of proceedings conducted by public authorities as reflected in their orders though the same is rebuttal. The assessee had the opportunity to rebut the findings of Ld. Assessing officer with regard […]

Deemed Section 12AA registration of Trust if no Registration Refusal within 6 Months

April 6, 2022 3297 Views 0 comment Print

Jaibharat Mandal Ramlila and Dharmshala Society Vs ITO (ITAT Delhi) Learned counsel for the assessee insisted that in the absence of any order of refusal of registration by the Competent Authority, the assessee trust may be treated as deemed to have been registered u/s 12AA of the Act. In support of this deposition learned counsel […]

Search Post by Date
May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031