Industries Related to Electricity Designated as Essential Services for Prohibition of Strikes in Gujarat

The Notification published in the Gujarat Government Gazette on 2nd March, 2024, declares all employment in industries involved in generating, transmitting, or distributing electricity to the public, as well as engaged in trading of electrical power and coordination activities, as essential services under the Gujarat Essential Services Maintenance Act, 1972, for a period of six months, and prohibits strikes in these essential services.

Guidelines for Promoting Community Boiler for Cluster of Small-Scale Industries

Recognizing this challenge, a novel concept has emerged – the ‘common boiler’ or ‘community boiler.’ This innovative approach involves the establishment of a centralized system of boilers within an industrial area to generate steam. The steam is then distributed through a pipeline network to member industrial units, thereby reducing the need for individual small-scale boilers.

CBDT clarification regarding submission of audit reports by trusts and institutions

The Central Board of Direct Taxes, exercising its powers under Section 119 of the Act, has allowed trusts and institutions to rectify their submissions. Entities that submitted audit reports using the incorrect form—Form No. 10B instead of Form No. 10BB, or vice versa—for the assessment year 2023-24 can now furnish the correct audit report by 31st March, 2024.