RBI issues final directions on cyber resilience and digital payment security for non-bank Payment System Operators (PSOs) to ensure robust governance and secure transactions.
Tribunal ruled that the relevant date for acquisition should be when the possession is handed over, not merely the agreement date.
Detailed analysis of the Sujauddian Kasimsab Sayyed Vs ITO (ITAT Mumbai) case involving immovable property and tax implications under Section 56(2)(vii)(b) of the Income Tax Act.
Karnataka HC reviews Sujal Pharma’s blacklisting by Karnataka State Medical Supplies Corporation. Key issues include lack of notice and principles of natural justice.
NCLAT Delhi held that electricity supply by NPCL, being in nature of supply of essential goods, was necessary to be continued during the period of moratorium (CIRP period).
When the return is filed in the Telangana Portal and credit got transferred on the same day to Maharashtra portal, the department has no justifiable reason to deny the same or take action against the petitioner.
NCLAT Delhi held that personal liability cannot be fastened on Resolution Professional for any payment made after CIRP, where such payment is made with the approval of CoC.
ITAT Delhi held that penalty u/s 271(1)(c) of the Income Tax Act unsustainable as allowability of deprecation on non-compete fee is highly contentious as different views are taken by various High Courts and matter is pending before Supreme Court.
Madras High Court held that the entire stamp duty amount as demanded by the authorities has been paid even during the pendency of the appeal, hence demand of interest for belated payment unjustified.
Explore the GST AAR Karnataka’s ruling on Roppen Transportation Services, covering e-commerce operator status, GST liability on services, and ride monitoring fees.
