Clipped from: https://www.thehindubusinessline.com/economy/gst-relief-interest-only-on-net-cash-liability-from-july-1-2017/article32666128.ece Will not include cases where show-cause notice was issued for payment on gross basis The Central Board of Indirect Taxes and Custom (CBIC)
Category: Legal
CBIC to review performance of lawyers on monthly basis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbic-to-review-performance-of-lawyers-on-monthly-basis/article32754100.ece To ensure interests of revenue authorities are effectively represented before HCs The Central Board of Indirect Taxes and Customs (CBIC) has decided to
CBIC effects policy shift regarding show cause notice on Customs-related matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/cbic-effects-policy-shift-regarding-show-cause-notice-on-customs-related-matters/article34099258.ece Only Jurisdictional Commissionerate will issue such notices, not the DRI In a major policy shift, the Central Board of Indirect Taxes and Customs
DCB Bank’s two senior officials settle insider trading case with Sebi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/two-individuals-settle-insider-trading-case-with-sebi-by-paying-rs-1-61-cr/articleshow/81436148.cmsSynopsis Sebi had conducted an investigation in respect of insider trading activities of certain entities in the shares of DCB Bank for the period
Devise gender sensitisation courses for lawyers, judges: Supreme Court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/devise-gender-sensitisation-courses-for-lawyers-judges-supreme-court/articleshow/81574759.cmsSynopsis HC’s order amounted to transforming the alleged molester into a brother by a judicial mandate and had the effect of eroding the offence
Income Escaping Assessment – A Revamped Law On Reassessment Proceedings – Tax – India–Mondaq.com
Clipped from: https://www.mondaq.com/india/income-tax/1035508/income-escaping-assessment-a-revamped-law-on-reassessment-proceedings As the dust settles and the excitement subsides over Budget 2021 announcements, it is now an opportune time to examine the fine print
How Budget 2021 has reduced taxpayers’ rights – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/how-budget-2021-has-reduced-taxpayers-rights/2215634/ The decision to abruptly replace two quasi-judicial authorities (the Income-Tax Settlement Commission and the Authority for Advance Rulings) with administrative Boards negatively impacts
Soft-touch regulation for digital lending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/soft-touch-regulation-for-digital-lending/2215702/ A data protection law could help, as also formally recognising industry efforts to certify genuine platforms Similarly, on the data protection aspect, a
Buyer entitled to a refund upon delay | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/buyer-entitled-to-refund-upon-delay-121032100766_1.html The purchaser can’t be made to wait endlessly just because the builder fails to fulfil his contractual obligation to obtain the Occupancy Certificate
Changes in tax norms on slump sale deals may lead to litigation for firms | Business Standard News
lipped from: https://www.business-standard.com/article/companies/changes-in-tax-norms-on-slump-sale-deals-may-lead-to-litigation-for-firms-121032500988_1.html Changes will impact several M&A transactions, including internal restructuring by companies which were signed since April 2020. Tax computation will not include goodwill
A failure of scrutiny: DHFL fraud shows limitations of Aadhaar in plugging leakages – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-failure-of-scrutiny-dhfl-fraud-shows-limitations-of-aadhaar-in-plugging-leakages/2220525/ The failure of scrutiny mirrors that which was exposed in an investigative series by The Indian Express on the leakage in Jharkhand, in
ही कोंडी आता फोडा — महाराष्ट्र टाइम्स
Clipped from: https://maharashtratimes.com/editorial/editorial-on-redevelopment-of-buildings-in-mumbai-city-and-bombay-high-court/articleshow/81698349.cms मुंबई उच्च न्यायालयाने गेल्या काही दिवसांत दोन महत्त्वाचे निकाल दिले आहेत. एका निकालाने इमारतीचा पुनर्विकास अडकवून ठेवणाऱ्या एका रहिवाशाची जागा पोलिसांच्या मदतीने ताब्यात
Welcome back, IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/welcome-back-ibc-121032501441_1.html Govt should now focus on strengthening the NCLT The government has done well not to extend the Insolvency and Bankruptcy Code (IBC) suspension, which ended
Vikas Malu hires top lawyers to stop Indian government from taxing his global income – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/vikas-malu-hires-top-lawyers-to-stop-indian-government-from-taxing-his-global-income/articleshow/81693413.cmsSynopsis Represented by Harish Salve, Abhishek Singhvi, and Nalin Talwar, the UAE-based businessman belonging to the Kuber group, moved the Supreme Court on Wednesday,
CBI raids 100 locations in bank frauds over Rs 3,700 crore–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cbi-raids-100-locations-in-bank-frauds-over-rs-3700-crore/story/434907.html CBI said that various incriminating documents and other material and digital evidences were recovered during the searches The Central Bureau of Investigation (CBI)
‘RuPay’s market share by volumes is 34%’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rupays-market-share-by-volumes-is-34/2218027/ E-commerce is a very significant driver, but we are also seeing a lot of other interesting categories emerge. For example, we now have
All you need to know about perpetual bond controversy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-need-to-know-about/article34134365.ece A circular from SEBI on perpetual bonds in the second week of March set off tensions between the Finance Ministry and the market
Bombay HC asks for valuation of Karvy accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bombay-hc-asks-for-valuation-of-karvy-accounts/articleshow/81680532.cms Synopsis–IIFL Securities had won the bid to acquire the 11 lakh demat accounts held by Karvy. Axis Securities emerged as the successful bidder
Taxman puts mutual fund houses, HNIs on watch over past dividend stripping – The Economic Times
Clipped from: https://economictimes.indiatimes.com/mf/mf-news/taxman-puts-fund-houses-hnis-on-watch-over-past-dividend-stripping/articleshow/81676349.cmsSynopsis Sends notices asking for information on payouts and redemptions during FY14 to FY20 period Old deeds have come back to irk some of
Banks may seek review of SC order; yet to get ex gratia from first round – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-may-seek-review-of-sc-order-yet-to-get-ex-gratia-from-first-round/2219739/ Lenders themselves have paid the ex gratia amounts to their respective borrowers, and the last date for doing so was November 5, 2020.
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