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Showing Results for : Law : AllReset Filters
- 1 -
Demand order cannot be passed without considering the reply and providing an opportunity of hearing
Corporate Tax Battle: Procedural Fairness Wins as Tech Firm Successfully Challenges Arbitrary Tax Demand Order
The Delhi High Court set aside a demand order issued by tax authorities against a technology company. The court found that the order was passed without considering the company's reply and without providing an opportunity for a hearing. The court directed the authorities to issue a personal hearing notice, review the submitted documents, and pass a fresh order. The case involves challenging certain GST notifications, with the final decision pending Supreme Court review.
Goods and Services Tax - GST
Date 11 Jun 2025
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Opc annual return filing for dormant companies
One Person Company Must File Annual Returns Annually, Even When Dormant, to Preserve Legal Standing and Avoid Penalties
One Person Company (OPC) must file annual returns even when dormant, maintaining legal status and avoiding penalties. The process involves applying for dormant status, preparing minimal financial statements, filing required forms online, and paying necessary fees. Timely compliance prevents fines, potential legal actions, and maintains eligibility for future government benefits or business revival.
Corporate Laws / IBC / SEBI
Date 11 Jun 2025
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Defective income tax return – a ground for rejection of refund claim?
Minor TDS Discrepancy Cannot Justify Wholesale Rejection of Income Tax Return, Refund Rights Protected
A taxpayer filed an income tax return claiming a refund, which was not processed due to alleged defects in the return. The Centralized Processing Centre issued a notice for rectification. Despite filing a revised return, the revenue department did not process the refund. The Delhi High Court ruled that a minor discrepancy in Tax Deducted at Source cannot be grounds for completely rejecting a return. The court directed the revenue to process the refund application and affirmed the taxpayer's right to seek rectification.
Income Tax
Date 11 Jun 2025
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Analysis of the limitation period prescribed under section 107 of the cgst act, vis-à-vis applicability of section 5 of the limitation act, 1963
Judicial Interpretation of CGST Act Limitation Periods: Section 107 Appeals Face Strict Four-Month Filing Deadline
Legal analysis reveals a complex judicial interpretation regarding limitation periods under the CGST Act. Multiple high courts have conflicting views on whether Section 5 of the Limitation Act applies to Section 107's appeal timeline. Currently, most courts enforce a strict four-month filing deadline, with the Supreme Court staying a contrary Calcutta High Court ruling. Taxpayers are advised to file appeals within the prescribed period to avoid potential dismissal.
Goods and Services Tax - GST
Date 11 Jun 2025
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Legal commentary on circular no. 14/2025-customs: substitution of "certificate of origin" with "proof of origin" under carotar, 2020
Origin Verification Overhaul: New Proof Requirements Streamline International Trade Documentation and Customs Compliance
A legal circular issued by the Central Board of Indirect Taxes and Customs introduces significant amendments to origin verification procedures. The key change involves replacing "Certificate of Origin" with "Proof of Origin", expanding documentation options under trade agreements. The modification centralizes verification processes through the Directorate of International Customs, standardizes signature and seal management, and provides broader recognition of self-declaration mechanisms in international trade documentation.
Customs - Import - Export - SEZ
Date 11 Jun 2025
- 0 -
Rare earth elements, china's strategic dominance, and india's strategic imperative: a critical crossroad for economic and geopolitical aspirations
Rare Earth Elements: India's Economic Security at Risk from China's Dominant Global Supply Monopoly
A critical analysis of rare earth elements (REEs) reveals India's strategic vulnerability due to China's near-monopoly in global supply chains. The document examines REEs' crucial role in advanced technologies and highlights India's economic risks from over-dependence on Chinese imports. Strategic recommendations include diversifying supply sources, developing domestic processing capabilities, implementing supportive policies, and fostering international collaborations to mitigate geopolitical and technological challenges.
Customs - Import - Export - SEZ
Date 11 Jun 2025
- 0 -
A cyclist’s story – forget spa days... here’s some dirt therapy! 🚴🚴🚴🚴🚴 ................. 🚴
Mountain Biking as Therapeutic Journey: Transforming Stress, Healing Mind and Body Through Challenging Trail Experiences
A cyclist discovers an unconventional form of self-care through mountain biking. Initially skeptical, the rider finds healing and presence on challenging trails. The physical and mental experience of navigating difficult terrain becomes a transformative therapeutic process, replacing traditional relaxation methods. Mountain biking offers a dynamic approach to managing stress, providing emotional release and a sense of freedom through physical exertion and engagement with nature.
Other Topics
Date 11 Jun 2025
- 0 -
Agricultural produce market committee (apmc): a comprehensive overview.
Farmers' Shield: APMC Ensures Fair Trade, Transparent Pricing, and Market Protection for Agricultural Produce Sellers
Agricultural Produce Market Committee (APMC) is a statutory body established by state governments in India to regulate agricultural produce trade. Created to protect farmers from exploitation, APMCs facilitate fair pricing, transparent transactions, and market infrastructure development. Operating through market yards, these committees issue licenses, monitor prices, resolve disputes, and provide centralized trading platforms for agricultural commodities.
Other Topics
Date 11 Jun 2025
- 0 -
Discount given by manufacturers to retailers, prima facie, cannot be considered as a consideration for services rendered by the retailer
Manufacturers' Trade Discounts Not Taxable as Service Consideration, Ruling Protects Retail Pricing Practices
Manufacturers' discounts to retailers cannot be considered as consideration for services rendered, according to a Delhi High Court ruling. The court stayed an order by tax authorities seeking to impose GST on such discounts. The judgment emphasizes that tax can only be levied on actual consideration for a taxable supply, and discounts should not be arbitrarily interpreted as taxable income. The case highlights the importance of strict interpretation of GST valuation mechanisms.
Goods and Services Tax - GST
Date 10 Jun 2025
- 0 -
What are the latest updates making the online 12a registration process more efficient?
Digital Revolution: 12A Registration Streamlines Tax Exemption Process for NGOs with Seamless Online Filing and Instant Verification
The online 12A registration process for NGOs, trusts, and charitable institutions has been digitally transformed. Key updates include complete online filing through the Income Tax e-filing portal, e-verification integration, centralized processing, time-bound approvals, and automatic unique registration number generation. These changes aim to simplify tax exemption compliance, enhance transparency, reduce paperwork, and enable faster organizational operations.
Corporate Laws / IBC / SEBI
Date 10 Jun 2025
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Navigating the complexities of time-barred notices post rajeev bansal judgment
Income Tax Reassessment Notices Challenged: Rajeev Bansal Judgment Reveals Critical Ambiguities in Tax Law Interpretation
The article analyzes the legal complexities surrounding income tax reassessment notices following the Supreme Court's Rajeev Bansal judgment. It explores the ambiguities created by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act and subsequent Finance Act amendments, particularly regarding time-barred notices for assessment years 2013-14 to 2016-17. The analysis highlights conflicting interpretations of notice validity, potential impacts on taxpayers, and the need for legislative clarity in tax administration procedures.
Income Tax
Date 10 Jun 2025
- 0 -
Federation of indian export organisations (fieo)
India's Export Champion: FIEO Empowers Businesses with Strategic Trade Support and Global Market Connections
The Federation of Indian Export Organisations (FIEO) is a non-governmental trade organization that promotes and supports Indian exports. It serves as a bridge between government and exporters, providing policy advocacy, market access, trade promotion, training, and export-related services. FIEO offers membership to exporters, service providers, and international entities, helping them navigate global trade through networking, information, and support mechanisms.
Customs - Import - Export - SEZ
Date 10 Jun 2025
- 0 -
Wool & woollens export promotion council (wwepc)
Empowering Indian Woollen Textile Exporters: Strategic Support for Global Market Expansion and Competitive Growth
The Wool & Woollens Export Promotion Council (WWEPC) is a government-established organization focused on promoting Indian woollen textile exports. Founded in 1964, it operates under the Ministry of Commerce & Industry, facilitating export opportunities, providing policy advocacy, and supporting manufacturers through training, market research, and access to government incentives. The council helps Indian woollen exporters enhance their global competitiveness by offering comprehensive services across product development, trade exhibitions, and export documentation.
Customs - Import - Export - SEZ
Date 10 Jun 2025
- 0 -
The cotton textile export promotion council (texprocil)
Empowering Indian Cotton Textile Exporters Through Strategic Support, Market Insights, and Global Competitiveness Strategies
The Cotton Textile Export Promotion Council (TEXPROCIL) is a non-profit organization established in 1954 to promote Indian cotton textile exports. Operating under the Ministry of Commerce and Industry, the council supports exporters by providing market research, policy advocacy, trade event facilitation, and access to government export incentive schemes. TEXPROCIL plays a crucial role in enhancing the global competitiveness of India's cotton textile industry by offering guidance, networking opportunities, and skill development programs for exporters.
Customs - Import - Export - SEZ
Date 10 Jun 2025
- 0 -
Detailed information on synthetic & rayon textiles export promotion council (srtepc)
India's Synthetic and Rayon Textile Exporters Unite to Boost Global Market Presence and Overcome International Trade Challenges
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is a non-profit trade organization established in 1954 to support and promote synthetic and rayon textile exports from India. The council assists exporters through market access, policy advocacy, trade facilitation, and skill development programs. It represents industry interests, organizes international exhibitions, and helps manufacturers navigate export challenges while promoting Indian textile products globally.
Customs - Import - Export - SEZ
Date 10 Jun 2025
- 0 -
Sports goods export promotion council (sgepc)
Indian Sports Goods Manufacturers Boost Global Exports Through Strategic Council Support and Trade Development Initiatives
The Sports Goods Export Promotion Council (SGEPC) is a non-profit organization established in 1996 under the Ministry of Commerce and Industry to promote Indian sports goods exports. The council supports manufacturers by providing market intelligence, facilitating trade events, offering export documentation assistance, and helping access government export schemes. It represents manufacturers across various sports equipment categories and works to enhance India's global competitiveness in the sports goods industry.
Corporate Laws / IBC / SEBI
Date 10 Jun 2025
- 0 -
Non payment of gst by supplier
GST Compliance: Taxpayers Protected from Penalties When Taxes Paid, Input Tax Credit Safeguarded Under Recent Legal Interpretations
A legal analysis of GST non-payment reveals that when a receiver has paid all applicable taxes and dues to a supplier, the government should primarily pursue action against the seller. Recent high court and supreme court decisions suggest that input tax credit (ITC) should not be denied if payment records clearly establish tax compliance. Taxpayers facing similar issues are advised to challenge such demands, as judicial trends currently favor the taxpayer's position.
Goods and Services Tax - GST
Date 09 Jun 2025
- 0 -
New mca guidelines for llp form 11 & form 8 filing
Digital Signatures and Enhanced Transparency: LLPs Must Update Form 11 and Form 8 with Comprehensive Financial Disclosures
The Ministry of Corporate Affairs has introduced new guidelines for Limited Liability Partnership (LLP) Form 11 and Form 8 filing. These updates mandate digital signatures, require disclosure of beneficial interests, and implement stricter validation rules. LLPs must now provide more detailed financial information, report foreign contributions, and ensure alignment with audited reports. Non-compliance can result in penalties, partner identification number deactivation, and operational restrictions.
Corporate Laws / IBC / SEBI
Date 09 Jun 2025
- 0 -
Registration of capital market intermediaries in international financial services in india
Capital Market Intermediaries in IFSCs Get Robust Regulatory Framework Ensuring Investor Protection and Global Financial Engagement
Capital market intermediaries in India's International Financial Services Centres (IFSC) now operate under a comprehensive regulatory framework established by the IFSCA. The new regulations, effective April 2025, provide guidelines for registration, supervision, and operation of various intermediary activities such as broker dealers, investment advisers, and credit rating agencies. The framework aims to protect investor interests, maintain market integrity, and facilitate global financial interactions while establishing clear eligibility, net worth, and compliance requirements for market participants.
Other Topics
Date 09 Jun 2025
- 0 -
Jute board of indiaintroduction, constitution, legal framework, functions, schemes, products, services, membership, application, fees, renewal frequency, and conclusion
Jute Board Drives Industry Growth Through Comprehensive Regulatory, Research, and Export Promotion Strategies for Textile Sector Development
The Jute Board is a statutory body under the Ministry of Textiles established to promote and regulate India's jute industry. It oversees industry development through regulatory frameworks, research initiatives, export promotion, and skill development schemes. The board supports jute farmers, manufacturers, and stakeholders by providing technical assistance, market intelligence, and quality certification for jute-based products across various sectors.
Customs - Import - Export - SEZ
Date 09 Jun 2025
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