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Archive: 01 March 2024

Posts in 01 March 2024

Court can partially set aside arbitral awards: Delhi HC

March 1, 2024 909 Views 0 comment Print

National Highways Authority of India Vs Trichy Thanjavur Expressway Ltd. (Delhi High Court) The Delhi High Court, in a landmark judgment delivered on August 21, 2023, in the case of National Highways Authority of India (NHAI) vs. Trichy Thanjavur Expressway Ltd. (TTEL) (Appeal Number: O.M.P. (COMM) 95/2023), delved into the power of courts to partially […]

Section 54B Exemption Valid for Pre Sale Deed Registration Land Investment: ITAT

March 1, 2024 1809 Views 0 comment Print

Sold agricultural land? Re-invest the proceeds in new land within 2 years to claim tax exemption under Section 54B. Even if the new land is registered in your son’s name, you may still qualify. Learn the details and avoid common mistakes with this informative guide.

ITAT Rules 90% Profit Claims Unimaginable in Development Work

March 1, 2024 612 Views 0 comment Print

ITAT Hyderabad finds 90% profit from development activities highly unusual, calling for a reevaluation of contracts and use of government funds.

GST Section 129 penalty proceedings cannot ensue from godown search & seizure

March 1, 2024 990 Views 0 comment Print

Allahabad High Court rules against penalty imposition under Section 129 of GST Act for search and seizure at godown. Full judgment analysis here.

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