Delhi High Court held that custody under Narcotics Drug and Psychotropic Substances Act [NDPS] without any authority and without producing him before the concerned Magistrate or Special Court within 24 hours is completely illegal. Accordingly, present bail application allowed.
Tamil Nadu AAAR rules GST applies to school bus services paid directly by parents, stating they don’t qualify for exemption as services are not by or to an educational institution.
Section 34 of IBC governs liquidator appointment, consent requirements, transfer of management powers, personnel cooperation, and conditions for liquidator replacement and fee structure.
Understand Section 33 of IBC, detailing when and how corporate debtor liquidation is initiated, role of NCLT and CoC, legal implications and employee status.
Patna High Court held that passing of order by CIT(A) without following the directions given vide judgements of Hon’ble Supreme Court and High Court amounts to gross negligence if not a case of dereliction in duty. Accordingly, order set aside and matter restored back.
Explore AI’s impact on banking, from current global and Indian applications to future trends. Understand the legal environment, key challenges, and recommendations for AI adoption in India’s financial sector.
Gauhati High Court directed reimbursement of Value Added Tax paid on Raw Petroleum Coke purchased within the State of Assam in accordance with the provisions of Section 15[b] of the Central Sales Tax Act.
Ministry of Finance exempts Haryana’s District Legal Service Authorities from income tax on specific income sources, effective from AY 2024-25.
CBDT grants tax exemption to BBNDA for FYs 2013–2018 on specific incomes. Conditions apply, including non-commercial activity and return filing.
The cancellation of registration under Section 12AB was not justified as PCIT lacked jurisdiction and that the “specified violation” clause under Section 12AB(4) was inapplicable for the financial years in question.
