The predicate FIRs alleged that Langa induced individuals including businessman Pranay Shah and land broker Janak Thakore by projecting political and media influence to extort significant amounts of money.
NCLT Delhi held that the power of the Tribunal to restore the name of a struck off company under Section 252 of the Companies Act, 2013 is not a suo motu power. The restoration application is dismissed due to lack of diligence.
The ITAT Ahmedabad set aside a reassessment order for Dalpat Baraiya, ruling that approval from the wrong authority invalidated the entire proceeding.
In DCIT vs. Motilal Oswal Securities Ltd., the ITAT Mumbai dismissed the revenue’s appeals, confirming that employee stock option (ESOP) costs and corporate social responsibility (CSR) donations can be claimed as deductions.
Supreme Court dismissed a petition, condemning defendant for repeatedly seeking adjournments to delay a 2013 eviction suit. SC affirmed closure of cross-examination.
The Sikkim High Court ruled in favor of Torrent Pharmaceuticals, setting aside an order to recover a Rs. 12 crore refund based on a binding judicial precedent.
Kerala High Court held that no taxable event under the provisions of the Kerala Value Added Tax Act [KVAT Act] had occurred in respect of displaying advertisement on hoardings as there was no transfer of right to use the hoardings. Accordingly, writ disposed of.
Understand the legal provisions and time limits for GST show cause notices under Sections 73 and 74. Learn when these notices are valid and how to protect yourself from unsubstantiated tax demands.
Learn how the Finance Act 2023 changed debt mutual fund taxation by removing indexation benefits. Understand Section 50AA’s “deeming fiction” and its impact on capital gains, exemptions, and loss set-off.
Drawing a parallel between India’s trade policies and personal finance, this summary outlines five key principles for investors to build financial independence and resilience.
