Balaji Telefilms to move NCLT for merger approval; Receives NSE observation letter, ET LegalWorld
Balaji Telefilms Limited will be moving to National Company Law Tribunal as the Comoany has received an Observation Letter under Regulation 37 of the Listing Regulations from National Stock Exchange of India Limited (NSE) on January 03, 2025. NSE has indicated that the scheme can be submitted to the National Company Law Tribunal (NCLT) for […]
I-T dept receives 6,500 suggestions on income tax act review, Legal News, ET LegalWorld
The income tax department has received 6,500 suggestions from stakeholders over the past month on review of the Income Tax Act. Finance Minister Nirmala Sitharaman on Monday chaired a meeting on the Budget announcement of a comprehensive review of the Income Tax Act, 1961. The meeting was attended by Revenue Secretary Sanjay Malhotra, Secretary, Central […]
Hindustan Unilever Limited receives order-in-appeal; authority disallows GST credit and imposes penalty, ET LegalWorld
On October 15, Hindustan Unilever Limited has received the Order-in-Appeal under Section 107(11) in respect of demand made under Section 73(9) of the UPGST/CGST Act 2017 & IGST Act, 2017 from the Additional Commissioner, Grade II Appeal, Aligarh, Uttar Pradesh, according to the exchange filing. GST credit amounting to ₹ 4,96,249 has been disallowed and […]
Sun Pharma receives order of ₹35.43 Lakh by GST Dept for Unpaid Taxes on Recoveries from July 2017 to March 2020, ET LegalWorld
Sun Pharmaceutical Industries Limited has penalised by the Assistant Commissioner, Goods & Service Tax, Division, Mohali-I, Punjab, according to the stock exchange. The order was passed u/s 74 of the GST Act, 2017, imposing penalty Rs. 35,43,766/- The Demand was created against unpaid tax on certain recoveries during the period from July 2017 to March […]
Hi-Tech Gears Limited receives GST demand order for excess ITC Claim, ET LegalWorld
Hi-Tech Gears Limited has received an order from Excise & Taxation Department, Gurugram (W), Haryana raising a demand aggregating to Rs. 9,09,982/- (Rupees Nine Lakh Nine Thousand Nine Hundred Eighty-Two Only) including interest and penalty, according to the exchange filling. The order has been passed in accordance with Section 73 and section 50 of the […]
GHCL Limited receives notice from GST Department for excess ITC Claim, ET LegalWorld
GHCL Limited has received a scrutiny notice on September 16, 2024 from GST department, Maharashtra for the financial year 2020-21. The GST department has alleged that the Company has made excess claim of ITC (Input Tax Credit) of Rs. 17.34 lacs and advised to file reply within 15 days from the receipt of the letter. […]
GSK Pharmaceuticals Receives ₹1.07 Crore GST Demand Order from Telangana Commissioner, ET LegalWorld
GlaxoSmithKline Pharmaceuticals Limited has received an Order dated May 31, 2024 for period FY 2017-18 to 2021-22 from Telangana Commissioner of Customs and Central Tax (Appeals-II), raising total demand of ₹ 1,07,16,991 in Telangana State, according to the exchange filling. The order was passed under Section 73 & 74 of CGST Act, 2017. Tax of […]
Royal Orchid Hotels secures an arbitration award against rock reality, receives ₹25 Lakh in damages, ET LegalWorld
Royal Orchid Hotels Limited has received an arbitration award from the sole arbitrator, Justice Ajit J. Gunjal, a former Judge of the High Court of Karnataka, according to the exchange filing. The award pertains to the arbitration case between Royal Orchid Hotels Limited and Rock Reality Private Limited, conducted under the Arbitration and Conciliation Act, […]
IIHL receives Sebi nod to acquire Invesco’s PMS business, Legal News, ET LegalWorld
Market regulator Sebi has approved Hinduja Group firm IndusInd International Holdings to acquire Invesco AMC’s portfolio management services business. Sebi’s approval is another advancement towards the completion of IndusInd International Holdings Limited’s (IIHL) 60 per cent acquisition of Invesco AMC, as per sources, following which only one final regulatory approval remains after which the transaction […]