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Archive: 10 August 2022

Posts in 10 August 2022

Limitation Act has no application once right to damage is extinguished

August 10, 2022 1566 Views 0 comment Print

Supreme Court Held that right to damage itself is extinguished, provisions of the Limitation Act have no application.

No infringement of copyright as books of Islam religion are bound to have some similar content

August 10, 2022 882 Views 0 comment Print

Held that there is no infringement of copyright as some contents are bound to be similar as teaching given in the Holy Books Quran and Hadees and other religious text related to Islam religion are bound to be same in all books which are about teaching on Islam.

Government liable to compensate for negligence of Government hospital

August 10, 2022 2649 Views 1 comment Print

Held that Government is vicariously liable for negligence on the part of the Government hospital. Court ordered lumpsum compensation of Rs. 5 Lakhs payable to the petitioner.

Taxability of Sale of Developed Plot under GST

August 10, 2022 4296 Views 1 comment Print

sale of land is not taxable under GST, only stamp duty is required to be paid on the sales. However, the transactions are to be properly checked before conducting the tax implications as the amount may include the development charges in these transactions.

PCIT not entitled to direct AO to initiate penalty proceedings

August 10, 2022 2463 Views 0 comment Print

Held that revisional jurisdiction u/s. 263 of PCIT cannot be invoked for initiation of penalty proceedings without holding that the assessment order passed by the AO as erroneous and prejudicial to the interest of revenue.

Name Approval from CRC-An approach to detour Rejections & Re-submissions

August 10, 2022 2679 Views 0 comment Print

Avoid name rejections and re-submissions from the CRC during company registration. Learn the guidelines to ensure your proposed name meets the requirements.

Missed due day of filing income tax return!!! Here’s what you have to do next

August 10, 2022 1695 Views 0 comment Print

Missed the due day of filing your income tax return? Discover what steps you need to take next to file a belated return and avoid penalties.

Cenvat Credit on input services allowed if used in the course of furtherance of business

August 10, 2022 1101 Views 0 comment Print

CESTAT set aside demand of service tax on refundable security deposit on the grounds that security deposit is refundable deposit and it cannot be included in the value of taxable service.

Litigation expense incurred for possession of asset for conducting business is revenue in nature

August 10, 2022 1866 Views 0 comment Print

Held that assessee has no interest in the ownership of the asset but he is in possession of the asset for conducting its business, the litigation expenditure incurred is only to protect his business and, therefore, the same is revenue expenditure.

Center removes fare cap on air tickets from 31st August 2022

August 10, 2022 5103 Views 0 comment Print

Center decides to remove the fare cap on air tickets from 31st August 2022. Cap on airfares was imposed by Civil Aviation Ministry in May, 2020. Civil Aviation Minister Jyotiraditya Scindia says, decision has been taken after a careful analysis of daily demand and prices of air turbine fuel. AV.13011/1/2020-US(SS)-MoCA Government of India Ministry of […]

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