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Archive: 10 April 2024

Posts in 10 April 2024

New applicants barred from participating in CIRP without fresh Form G issuance: NCLAT

April 10, 2024 357 Views 0 comment Print

NCLAT decision bars new applicants from participating in CIRP without fresh Form G issuance, impacting Mamta Binani case. Full judgment analysis here.

Delhi HC: ITC Claim Rejected, Assessee’s Reply Ignored – Re-adjudication Ordered

April 10, 2024 504 Views 0 comment Print

Delhi High Court directs re-adjudication as it finds Assessee’s detailed reply ignored in rejecting ITC claim. Full text of judgment/order provided.

Liability to be discharged by transferee for non-fulfilment of obligation under advance license by transferor: Madras HC

April 10, 2024 291 Views 0 comment Print

Madras High Court held that non-fulfilling obligation under advance license by the transferor doesn’t get extinguish on account of merger/ amalgamation. Such liability has to be discharged by the transferee company.

Non-competition fees on account of restrictive covenants is capital receipts: ITAT Delhi

April 10, 2024 288 Views 0 comment Print

ITAT Delhi held that receipt of non-competition fee on account of restrictive covenants in respect of restrain on the source of income are capital receipts. Accordingly, the same is not liable to tax.

Refund of Service Tax on Cancelled Flat Bookings Allowed by CESTAT Mumbai

April 10, 2024 951 Views 0 comment Print

Read the full text of the CESTAT Mumbai order allowing refund of service tax paid on cancelled bookings of flats by Kanakia Spaces Reality Pvt. Ltd.

MCA Imposes Heavy Penalty for CSR Violations: Section 135(1) & 135(5)

April 10, 2024 936 Views 0 comment Print

Dive into a detailed analysis of Clairvoyant India Private Limited violation of CSR provisions under Section 135(1) & 135(5) of the Companies Act, 2013. Learn about penalties, adjudication orders, and legal implications.

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