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Archive: 01 December 2020

Posts in 01 December 2020

HC explains Allowability of loss on sale of asset as business loss

December 1, 2020 23754 Views 0 comment Print

Share Aids Private Ltd. Vs ITO (Madras High Court) The learned counsel for the Appellant/Assessee Ms. Madhupreetha Elango submitted that the if a loss is caused on the sale of the Capital Assets by the Assessee, the same should be allowed as Business Expenditure under Section 41(2) of the Act as it cannot be brought […]

The Farmers’ Agitation and The Farm Reforms

December 1, 2020 2412 Views 0 comment Print

The enraging ongoing agitation of the farmers of Punjab, Haryana and the Western U.P is an ill-conceived wrongly motivated incident affecting the peace and tranquillity of the nation especially viewed in the background of the resurging COVID 19 cases.  The three-part bill of the Agri reforms consists of (1) The Farmers’ Produce Trade and Commerce […]

If no GST Payment pursuant to best judgment assessment, Section 74 Order will govern assessment of petitioners

December 1, 2020 771 Views 0 comment Print

Glow Grow Health And Beauty (P) Ltd Vs State of Kerala (Kerala High Court) The petitioners have approached this Court impugning Exts.P2 to P4 of assessment orders passed under Section 74 of the CGST Act. In the Writ Petition, it is their case that prior to Exts.P2 to P4 assessment orders, they were subjected to […]

FAQs on Incorporation of Company via SPICe+

December 1, 2020 5358 Views 0 comment Print

Should Incorporation of Company be done directly or first Name Application and then Incorporation of Company ? Always suggest Name Application should be done first, after Approval of Name Incorporation documents should be filed. Same is advised as incase, Incorporation is directly filed and Name is similar, generic or comes in resubmission, due to name then whole documents will prepared will be required to be altered.

Lawyer cannot surrender or conclude substantial legal rights of client without client’s instruction

December 1, 2020 2724 Views 0 comment Print

A lawyer generally has no implied or apparent authority to make an admission or statement which would directly surrender or conclude the substantial legal rights of the client unless such an admission or statement is clearly a proper step in accomplishing the purpose for which the lawyer was employed

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