Learn procedure for executing arbitration awards in India, focusing on legal steps for swift realization and enforcement against judgment debtors.
Madras High Court dismissed appeals in CIT vs Bharat Promoters, affirming ITAT’s role as final fact-finding authority on development and commission expenses.
Madras High Court rules property transfer for capital gains is based on effective date, not registration date. Section 50C application is clarified where transfer conditions under Section 2(47)(v) are met in prior years.
Under section 151(ii), where the alleged escaped income was more than Rs. 50 lakh, and where more than three years have passed since the relevant assessment year require approval from a higher-level authority.
ITAT Delhi quashes reassessment for AY 2015-16, finding the Section 148 notice issued on July 29, 2022, was beyond the statutory limitation period.
CESTAT Ahmedabad rules export commissions aren’t subject to service tax under reverse charge without a direct contract between the Indian exporter and foreign agent.
Himachal Pradesh High Court: ITC cannot be denied solely on supplier’s retrospective GSTIN cancellation without verifying transaction genuineness.
Gauhati High Court sets aside an order due to the absence of a proper Show Cause Notice under Section 73(1) of the CGST Act and denial of personal hearing.
Income received by an electricity distribution company from staff loans and advances should be classified as business income under Section 28(i) and not as “income from other sources”.
RBI has amended FEMA regulations, including tugs, dredgers, and offshore support vessels under export of goods and services, subject to their re-import.
