Calcutta High Court held that section 232 of the Kolkata Municipal Corporation Act makes the property tax dues as first charge on the property hence refusal to grant mutation on account of outstanding property tax fully justified.
NCLAT Delhi held that bank doesn’t have any jurisdiction to retain the securities [i.e. fixed deposit amount] since Corporate Debtor was not part of any facility against which any amount is due. Thus, retention on ground that there were dues against another Group Company not justified.
Kerala High Court held that as the gold claimed by the petitioner, is already assessed in the name of the husband of the petitioner, and the proceedings in respect of the same are concluded, the petitioner cannot make a further claim in respect of the same. Accordingly, writ dismissed.
Provident fund dues were protected by statute and same were excluded from the liquidation estate of a company under Section 36(4)(a)(iii) of the Insolvency and Bankruptcy Code, 2016, thus, could not be denied to claimants on grounds of delay as it would defeat the object of protecting employees’ social security.
Assessee-company provided software-led IT and infrastructure management services. To facilitate its business, it entered into an End-User License Agreement (EULA) with SAP India Pvt. Ltd. for a non-exclusive, perpetual license to use SAP’s proprietary software and documentation. SAP India is a wholly owned subsidiary of SAP AG, Germany.
It was held that regarding section 80-IA issue, Tribunal relied on its own earlier orders in assessees own cases for AYs 2014-15 and 2016-17. It held that since the power plant was transferred as part of a court-approved amalgamation, the assessee was entitled to step into the shoes of the amalgamating company and claim the deduction.
ROC Delhi held that unscored or uninitialed blank pages in minutes constitute non-compliance under Section 118(11). A ₹25,000 penalty was levied on the company and ₹5,000 each on defaulting directors.
ROC Delhi penalized a company and its directors for failing to properly bind board meeting minutes for FY 2017–18, holding it a violation of Section 118(11) read with Secretarial Standards SS-1 and SS-2.
ROC Pune imposed penalties on WORLDDEVCORP and three directors under Section 118(11) for not maintaining Board Minutes in the prescribed book and without date of entry.
Rosmerta Autotech Ltd. and its directors were penalized for maintaining board minutes without serial numbers for FY 2017-18. ROC emphasized strict compliance with Section 118(11) and Secretarial Standards SS-1 & SS-2.
