"02 February 2024" Archive

Delhi HC Quashes ED Prosecution on Accused Acquittal/Discharge in Predicate Offense

Jeevan Kumar Vs Dy. Director Directorate of Enforcement (Delhi High Court)

Delhi High Court judgment on quashing ED complaint (CC no.01/2011) under PMLA against Jeevan Kumar after his acquittal in the predicate offence. Legal analysis and implications....

Management Support Fees Not FTS under India-Singapore DTAA: ITAT Delhi

Cameron (Singapore) Pte Ltd. Vs ACIT (ITAT Delhi)

Read the detailed analysis of ITAT Delhi's order in Cameron (Singapore) vs ACIT case. Learn why management support fees are not considered FTS under India-Singapore DTAA. Get insights on grounds, TDS credit, interest, and penalty....

American Express (India) Wins Tax Battle: ITAT Delhi Grants Relief on Relocation Expenses

American Express (India) Pvt. Ltd. Vs JCIT (ITAT Delhi)

Read the full text of the ITAT Delhi order on American Express (India) Pvt. Ltd. vs. JCIT. The decision grants relief on relocation expenses under section 40(a)(i) of the Income Tax Act....

ITAT Directs AO to Allow Indexed Cost of Improvement & Recompute Capital Gains

Ashwin Kapur Vs ACIT (ITAT Delhi)

Read the full text of the ITAT Delhi order in the Ashwin Kapur vs ACIT case. The ITAT directs the AO to allow the indexed cost of improvement and recompute capital gains under section 48 of the Income Tax Act....

Utsav Securities vs. VA Realcon: NCLT Delhi Approves Resolution Plan

Utsav Securities Limited Vs Va Realcon Private Limited (NCLT Delhi)

Read the full text of the NCLT judgment/order on the resolution plan submitted by Durgesh Merchants Limited for VA Realcon. Key details and analysis provided....

Posted Under: Corporate Law | |

Dispute Resolution in NCLT Indore – Indian Bank vs. Indison Agro Foods Ltd

Indian Bank Vs Indison Agro Foods Ltd (NCLT Indore)

Explore the NCLAT judgment on the State Bank of India's plea against Indison Agro Foods Ltd. Analysis of claim disputes, voting share, and IRP replacement....

Posted Under: Corporate Law | |

Implications of Not Claiming Exemptions under Section 115BAC

Explore how opting for tax under Section 115BAC affects exemptions in various heads of income. Learn about deductions not available and key considerations for taxpayers....

Posted Under: Corporate Law |

ITAT delete Section 271A Penalty: AO Fails to Prove Appellant’s Business Mandating Books under Section 44AA

Amey Pravinbhai Brahmbhatt Vs ITO (ITAT Ahmedabad)

Read the detailed analysis of Amey Pravinbhai Brahmbhatt Vs ITO case where ITAT Ahmedabad deleted the penalty under section 271A for failure to fulfill conditions u/s 44 AA of Income Tax Act....

Verify Udyam Registration Number & its relevance with Section 43B(h) of Income Tax Act

Explore significance of verifying Udyam Registration Number in compliance with Section 43B(h) of Income Tax Act. Learn how it ensures timely payments and supports MSME liquidity....

Posted Under: Corporate Law |

DGFT Extends Track and Trace System Deadline for Drug Exports

Public Notice No.39/2023-DGFT 02/02/2024

Stay informed on DGFT's latest update - Public Notice No.39/2023 extends the deadline for Track and Trace system implementation in drug exports until 01.02.2025....

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February 2024