The court ruled that using a registered trademark as a keyword to divert online traffic can amount to trademark infringement. The key takeaway is that invisible keyword use may attract liability when it exploits a brand’s commercial reputation.
The assessee had fully disclosed the share transactions and claimed exemption under Section 10(38) in the original return. The ITAT ruled that reopening was unsustainable because the reasons recorded did not demonstrate how any income had actually escaped assessment.
The High Court held that using Input Tax Credit for the mandatory 10% GST appeal pre-deposit is not a criminal act. It ruled that professional advice given within the framework of GST law cannot be prosecuted as cheating or conspiracy.
Introduction: In India, GST has disrupted the traditional methods of managing compliance and taxation in most industries. For the ceramic and sanitaryware industry, a segment of the construction and housing value chain, the advent of GST has brought advantages as well as complications. For producers, traders, and customers, appreciation of its implications is critical. Key […]
Income tax notices are often issued for verification, mismatches, or compliance checks and do not always indicate wrongdoing. Understanding the notice, verifying its authenticity, and responding on time are crucial to avoiding penalties.
The law permits taxpayers to adopt the stamp duty value on the agreement date instead of the registration date where prescribed conditions are satisfied. This relief helps prevent unfair tax additions arising solely from a later increase in circle rates.
Fee reduction of ₹50,000 for the Interim Resolution Professional (IRP) ordered by NCLT was reasonable, given that the IRP’s role was restricted by an interim stay on the constitution of the Committee of Creditors (CoC) between February 28 and September 1, 2023.
Many taxpayers assume that income up to Rs. 12 lakh is completely tax-free under the new regime. The key takeaway is that Section 87A provides a rebate, not an exemption, and tax may still arise on special-rate income.
Periodic or annual fees paid to a sports governing body to sustain annual league participation rights qualify as operational revenue expenses, not capital investments. Hospitality, travel, and boarding expenses incurred on celebrities and VIPs were fully deductible if they were used strategically to amplify brand visibility, ticket distribution, and corporate sponsorships.
The issue was whether a toll contractor should receive relief after the government significantly reduced toll rates shortly after awarding the contract. The High Court granted interim protection against contract cancellation, subject to payment of a reduced monthly amount, and directed the committee to decide the representation expeditiously.
