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Archive: June, 2024

Posts in June, 2024

Temporary donations to other charitable entities did not violate spirit of Section 11

June 13, 2024 435 Views 0 comment Print

Delhi High Court allows exemptions on temporary donations by one charitable trust to another. Understand the implications and full judgment of this landmark case.

Strategic Insights: Decreasing Fair Market Value (FMV) of Shares

June 13, 2024 450 Views 0 comment Print

Explore strategic insights on why businesses lower the Fair Market Value (FMV) of shares, including tax benefits, attractive valuations, and acquisition opportunities.

Delhi HC Directs Appearance for GST Registration Cancellation Application

June 13, 2024 177 Views 0 comment Print

Delhi High Court directs a petitioner to appear before the Proper Officer for GST registration cancellation due to failure in responding to queries and absence of a personal hearing intimation.

Cash deposit in Joint account with other relatives: ITAT deletes addition

June 13, 2024 579 Views 0 comment Print

ITAT Ahmedabad rules no tax on cash deposits from relatives if affidavits provided. Sakina Ahmedali Kantavala vs ITO case highlights proper affidavit usage in tax assessments.

Fixing 3 Successive Hearing Dates Within a Week Not Desirable: Allahabad HC

June 13, 2024 390 Views 0 comment Print

Analysis of Allahabad HC judgment on consecutive hearing dates violation under Central Excise Act. Learn the implications and legal insights.

Kerala HC Sets Aside Assessment Order Beyond 6-Year Limitation Period under KVAT Act

June 13, 2024 210 Views 0 comment Print

Kerala HC rules on URC Construction’s case, addressing assessment order passed beyond 6-year KVAT Act limitation. Single Judge’s 25% deposit directive reversed.

Customs Act: Section 149 cannot be used to circumvent appellate process

June 13, 2024 267 Views 0 comment Print

Understand the implications of amending a Bill of Entry under Section 149 of the Customs Act, 1962. Detailed analysis of Valeo India Pvt Ltd vs Commissioner of Customs case and its impact.

Financial Creditors’ can File Second Petition under Section 7 of IBC for CD’s Continued Default

June 13, 2024 180 Views 0 comment Print

Detailed analysis of Desh Bhushan Jain vs Abhay Kumar case before NCLAT Delhi. Second petition under Section 7 of IBC challenged. Full judgment and implications explored.

Karnataka Prohibition of Violence Against Advocates Act Comes Into Force

June 13, 2024 1767 Views 0 comment Print

Karnataka enacts the Prohibition of Violence Against Advocates Act, 2023, ensuring protection for lawyers against violence. A landmark move for legal professionals.

Cast Iron Products (Quality Control) Order, 2024

June 13, 2024 204 Views 0 comment Print

New Delhi issues Cast Iron Products (Quality Control) Order 2024 to ensure quality standards. Read more about the new regulations and implementation dates.

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