Clipped from: https://www.business-standard.com/article/opinion/are-we-ready-for-cyber-attacks-on-infrastructure-121030700856_1.html The fears of future cyber attacks on India’s economic infrastructure is real and rising It turned out to be a false alarm. The
Category: Legal
Cheque bounce: SC sets up committee, seeks report on steps to be taken for early disposal of cheque bounce cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sc-sets-up-committee-seeks-report-on-steps-to-be-taken-for-early-disposal-of-cheque-bounce-cases/articleshow/81430236.cms The top court had last week termed the pendency of over 35 lakhs cheque bounce cases as “grotesque” and suggested to the Centre
Cairn says it has identified Indian assets for seizing should it be not paid – The Financial Express
Clipped from: https://www.financialexpress.com/industry/cairn-says-it-has-identified-indian-assets-for-seizing-should-it-be-not-paid/2209248/ British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event
Stay vigilant against risk of cheque fraud | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/don-t-allow-a-stranger-to-fill-cheque-details-121030700704_1.html Mansinghka had been remiss in allowing a stranger to write the cheque. Disappearing magic ink was used which allowed the fraudsters to alter
GST fraud of Rs 20,124 cr detected during Nov 9-Jan 31: Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-fraud-of-rs-20-124-cr-detected-during-nov-9-jan-31-fm-121030901115_1.html A nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit fraudulently is being carried out, FM said in
Parliament passes Arbitration Amendment Bill to protect taxpayer money | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/parliament-passes-arbitration-amendment-bill-to-protect-taxpayer-money-121031001742_1.html Section 36 of the (Arbitration) Act says the arbitration award be set aside if it is against public policy, said Law Minister Ravi
Tax notices, summons served to pre-GST, dispute resolution cases | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/tax-notices-summons-served-to-pre-gst-dispute-resolution-cases-7218646/ The summons have been sent under Section 70 of CGST Act, which provides powers to tax officers to summon persons to give evidence
After nearly four years, GST is still a work in progress | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/after-nearly-four-years-gst-is-still-a-work-in-progress-959381.html GST has its good points and its poor points, with the latter winning over the former In a few months, Goods and Services
2 held for passing bogus tax credit worth Rs 392 crore to Essel Group cos | Deccan Herald
Clipped from: https://www.deccanherald.com/national/2-held-for-passing-bogus-tax-credit-worth-rs-392-crore-to-essel-group-cos-958425.html Investigations indicate that a layer of genuine looking fictitious intermediary companies was created Representative Image. Credit: iStock Photo GST officers have arrested two
GST squads formed to prevent the illicit movement of goods – The Hindu
Clipped from: https://www.thehindu.com/news/national/tamil-nadu/gst-squads-formed-to-prevent-the-illicit-movement-of-goods/article34031754.ece According to an official release, all teams will keep a watch on warehouses registered in their respective jurisdictions and are authorised to prevent
Tax raids, and not just on Tapsee Pannu, are a bad idea – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tax-raids-and-not-just-on-tapsee-pannu-are-a-bad-idea/2208659/ In the past, tax raids add just a small fraction to the assessee’s income, and even those cases often fail The Income Tax
SC has highest regard for woman: CJI blames recent controversies on‘misreporting’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/sc-has-highest-regard-for-woman-cji-blames-recent-controversies-onmisreporting/articleshow/81398620.cmsSynopsis CJI said he had never asked anyone to marry and never heard a marital rape case and blamed the media for the controversy.
Regional Authority becomes redundant as DGFT goes online | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/regional-authority-becomes-redundant-as-dgft-goes-online-121030800008_1.html The prescribed processes for adjudication now require the exporter or importer to submit online the documents called for by the jurisdictional authority In
Exporters get the shivers from two provisions in Finance Bill 2020 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exporters-get-the-shivers-from-two-provisions-in-finance-bill-2020-121022400844_1.html They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws Exporters are a worried lot
Gujarat HC admits petition to review its order on IGST benefits | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/gujarat-hc-admits-petition-to-review-its-order-on-igst-benefits-121030801019_1.html Petition was heard by a special bench that had given earlier order. Matter posted for hearing on April 9 The court also upheld
NCLT can rule only on insolvency of corporate debtors, says Supreme Court | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclt-can-rule-only-on-insolvency-of-corporate-debtors-says-supreme-court-121030801258_1.html The Supreme Court on Monday held that the NCLT has jurisdiction to adjudicate disputes, which arises solely or relates to the insolvency of
Jet Airways cannot claim historical right on airport slots: Govt to NCLT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jet-airways-can-t-claim-historical-right-over-slots-aviation-ministry-121030801351_1.html The ministry and the civil aviation regulator have said the government will consider the airline’s request for slots as per existing policy The
GST evasion: CBIC asks field offices to exercise maximum caution, prudence in property attachment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-evasion-cbic-asks-field-offices-to-exercise-maximum-caution-prudence-in-property-attachment/articleshow/81386619.cmsSynopsis In the guidelines the CBIC listed out types of cases where provisional attachment can be considered to be resorted to subject to specific
Supreme Court ends extension of limitation period, says country returning to normalcy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/supreme-court-ends-extension-of-limitation-period-says-country-returning-to-normalcy/articleshow/81394957.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A bench of Chief Justice S A Bobde and Justices L Nageswara Rao and S Ravindra Bhat had been extending the limitation period
US, UK, 3 other courts confirm $1.4 bn arbitration award against India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/us-uk-3-other-courts-confirm-1-4-bn-arbitration-award-against-india/articleshow/81392798.cmsSynopsis Cairn Energy had moved courts in nine countries to enforce its USD 1.4 billion arbitral award against India, which the company won after
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