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Archive: June, 2025

Posts in June, 2025

Trademark Registration: Step-by-Step Guide to Protect Your Brand

June 27, 2025 1269 Views 0 comment Print

Learn why trademark registration is essential for brand protection. This guide covers the step-by-step process, benefits, and common pitfalls to secure your business’s identity.

Deduction Allowed for Loss on Sale of Pledged Shares to Satisfy Sister Concern’s Dues

June 27, 2025 528 Views 0 comment Print

Madras High Court held that pledging of shares for the enable sister concern to avail loan is certainly an activity undertaken in the course of business. Accordingly, sale of shares thereon to satisfy dues of defaulting sister company is entitled for deduction of business loss/ debt.

ITAT Directs Appellant to Submit Documents for Section 12A Registration

June 27, 2025 339 Views 0 comment Print

ITAT Pune directed appellant to prove genuineness of activities; details of donations received and file audited financial statements for getting approval for regular registration u/s.12A r.w.s.12AB of the Income Tax Act. Accordingly, matter remitted back.

No Service Tax on Hostel Fees Received for Non-Residential Courses in Coaching Institute: CESTAT

June 27, 2025 351 Views 0 comment Print

CESTAT Kolkata held that demand of service tax on account of non-payment of service tax under commercial training and coaching services on hostel fees received for non-residential courses, is not sustainable and hence we set aside the same. Accordingly, demand set aside and appeal allowed.

Outstanding lease rent falls qualifies as ‘Operational Debt’: NCLT Delhi

June 27, 2025 648 Views 0 comment Print

NCLT Delhi held that non-payment of outstanding lease rent falls under the ambit of ‘Operational Debt’ as defined under section 5(21) of the Insolvency and Bankruptcy Code, 2016. Accordingly, application u/s. 9 for initiating CIRP admitted.

Passing of rectification order u/s. 154 without opportunity of being heard is bad-in-law

June 27, 2025 996 Views 0 comment Print

ITAT Pune held that rectification order under section 154 of the Income Tax Act passed without providing an opportunity of being heard is bad-in-law and deserved to be set aside. Accordingly, appeal of assessee allowed.

Delhi HC Directs Swift Adjudication of GST Registration Suspension

June 27, 2025 435 Views 0 comment Print

Delhi High Court mandates State GST Department to adjudicate ST Enterprises’ registration suspension/cancellation within a month, following their reply on ITC fraud allegations.

Jharkhand HC Quashes Proceedings for Delayed TDS Payment After Tax & Interest Are Paid

June 27, 2025 471 Views 0 comment Print

Jharkhand High Court halts criminal proceedings against SKS MC Joint Venture for delayed TDS, ruling that payment of tax and interest before prosecution makes further action an abuse of law, citing precedents.

HP HC Upholds 100% Section 80-IC deduction for Substantial Expansion

June 27, 2025 315 Views 0 comment Print

Himachal Pradesh High Court allows J.C. International 100% profit deduction under Section 80-IC after substantial expansion, relying on Supreme Court’s Aarham Softronics judgment.

CESTAT Delhi Directs Assessee to Pay Redemption Fine for Missing Seized Goods

June 27, 2025 429 Views 0 comment Print

CESTAT Delhi rules assessees must pay redemption fine for seized goods lost from their custody, asserting confiscation liability isn’t extinguished by physical absence. Case remanded for fine determination.

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