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Blog, News, GST & Customs

May 2, 2022

Remedy to the bottleneck of the GST ITC accumulated on account of Inverted Duty Structure

Jacky Bhansali – [2022] 137 … Continue reading “Remedy to the bottleneck of the GST ITC accumulated on account of Inverted Duty Structure”

Blog, News, GST & Customs

May 2, 2022

Bank guarantee not needed for provisional release of seized goods if tax & penalty already paid: HC

Case Details: AB Traders v. … Continue reading “Bank guarantee not needed for provisional release of seized goods if tax & penalty already paid: HC”

News, Blog, Insolvency and Bankruptcy Code

April 30, 2022

Provisions of IBC are intended to support corporate debtor and not for money recovery proceedings: SC

Case Details: Invent Asset Securitisation … Continue reading “Provisions of IBC are intended to support corporate debtor and not for money recovery proceedings: SC”

Blog, News, Insolvency and Bankruptcy Code

April 30, 2022

CIRP couldn’t be initiated against co-operative society as it is not a corporate person as per IBC

Case Details: Maharashtra State Co-operative … Continue reading “CIRP couldn’t be initiated against co-operative society as it is not a corporate person as per IBC”

Blog, News, Company Law

April 30, 2022

SEBI reduces the timelines for listing of units of REITs and InvITs to six working days

Circular No SEBI/HO/DDHS_Div3/P/CIR/2022/54, 55 Dated … Continue reading “SEBI reduces the timelines for listing of units of REITs and InvITs to six working days”

Blog, News, GST & Customs

April 30, 2022

Wrongly utilised ITC for export of goods should be re-credited if later paid back to Govt.:HC

Case Details: I-Tech Plast India … Continue reading “Wrongly utilised ITC for export of goods should be re-credited if later paid back to Govt.:HC”

Blog, News, GST & Customs

April 30, 2022

HC directed assessee to appeal to Appellate Authority against confiscated goods and vehicle in transit

Case Details: A K Enterprise … Continue reading “HC directed assessee to appeal to Appellate Authority against confiscated goods and vehicle in transit”

Blog, News, Income Tax

April 30, 2022

Exp. allowed relying upon audit report if it was in contrary to view of jurisdictional HC: ITAT

Case Details: Kalpesh Synthetics (P.) … Continue reading “Exp. allowed relying upon audit report if it was in contrary to view of jurisdictional HC: ITAT”

News, Blog, Account & Audit

April 30, 2022

Exposure draft on Revised Accounting Standard on Segment Reporting (AS 108) issued by ICAI

On the basis of discussions … Continue reading “Exposure draft on Revised Accounting Standard on Segment Reporting (AS 108) issued by ICAI”

Blog, News, Income Tax

April 30, 2022

Effect of Non-obstante Clause- till what extent overriding? – A Case Law Analysis

Madhvi Desai – [2022] 137 … Continue reading “Effect of Non-obstante Clause- till what extent overriding? – A Case Law Analysis”