Supreme Court sets aside NCLT & NCLAT orders in Vaibhav Goel & Anr. Vs DCIT, ruling that income tax demands post-resolution plan approval are invalid.
ITAT held that the Allotment of New Flat did not fall within the scope of Section 56(2)(x), as the new flat was received in exchange for the old one and not as a gift or at inadequate consideration.
Supreme Court dismisses CBIC’s plea, urging realistic GST correction timelines to prevent unfair tax burden due to clerical errors and ITC denial.
Understand the legal distinctions between Gift, Settlement, and Will. Learn their key features, legal validity, and judicial precedents under Indian law.
Bombay High Court dismissed PCIT’s appeal in the case against Jayesh V. Sheth due to CBDT tax effect guidelines. Key legal interpretations and implications discussed.
DGFT amends Appendix-4J of HBP 2023, removing ‘Walnut in any form’ to streamline trade regulations. Effective from March 27, 2025.
Tamil Nadu Appellate Authority rejects Navya Nuchu’s GST appeal, citing a delay in filing, despite claims of non-receipt of the original order.
GST AAAR Telangana denies ITC on employee transportation, citing absence of statutory obligation under Section 17(5) of the CGST Act. Appeal rejected.
Telangana Appellate Authority remands GST ruling on Vaishnaoi Infratech’s land development, citing incomplete lower authority order.
AAAR Telangana upheld ITC reversal for goods destroyed in a fire, citing Section 17(5)(h) of the GST Act. Learn the implications of this ruling on ITC claims.
