Can’t reopen I-T cases below Rs.50 lakh after 3 years: Delhi High Court
The Delhi High Court on Monday in its ruling held that the extended 10-year review period for Income (I-T) assessments should only be applied when the assessee’s alleged undisclosed income exceeds Rs 50 lakh. Responding to a bunch of writ petitions, for the financial years 2015-16 and 2016-17, the bench of Justice Rajiv Shakdher and…
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Bank Holidays for 2024: National Capital Territory of Delhi
The Government of National Capital Territory of Delhi has issued a notification declaring the list of holidays for all government offices in 2024. This notification was issued on 19th October, 2023. No. F. 53/627/GAD/CN/2023/2259-2305.—In exercise of the powers conferred by Section 25 of the Negotiable Instruments Act, 1881 read with the Government of India, Ministry…
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Bank holidays 2024 under NI Act: Gujarat State
The Government of Gujarat state announced in its notification No.GS/27/2023/JSR/102023/930/GH dated 20.11.2023 declared the following days to be Public Holidays for the year 2022 under section 25 of NI act for banks in Gujarat. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVARATRI 3 25.03.2024 Monday HOLI 2ND DAY, DHULETI…
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Bank Holidays for 2024: Karnataka State
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The following holidays declared under the NI Act are applicable exclusively to the banks located within the administration area of Karnataka State. In other States and Union territories where it is not a holiday, banks…
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Cheque Bounce: Is it necessary to make unregistered firm an accused?
People have doubt whether an unregistered Partnership Firm can also be brought within the purview of Section 141 of the Negotiable Instruments Act, and in such cases, whether the Partnership Firm must be made as an accused along with the other partners, in order to maintain a complaint for an offence under Section 138 of…
Bank holidays of 2024: Mizoram State
The competent authority of the Government of Mizoram declared the following days as public holidays for the Calendar Year 2024. Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under the NI Act applies exclusively to the banks located within the…
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