The Government of India has vide Office Memorandum dated 3.5.2012 issued guidelines to avoid delay in grant of sanction for prosecution of public servants. One of the measures is that it is now mandatory for the competent authority to take a decision on whether or not to grant sanction for prosecution within 3 months and pass a speaking order giving reasons for this decision. If the competent authority refuses permission for sanction to prosecute, it has to submit its order including reasons for refusal, to the next higher authority for information within 7 days.
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Now You Have to Pay GST on Losses as Well!
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