Bombay HC quashed a Section 148 notice for AY 2015-16 as time-barred, following the Supreme Court’s directions in Rajeev Bansal.
SC upheld Rules 38 and 45 explanations, holding inclusion of royalty, DMF and NMET in sale value is not ultra vires Section 9 MMDR Act.
NCLT Mumbai held a transaction fraudulent under Section 66 of the IBC and directed Respondent Nos. 1 and 5 to contribute ₹24.45 crore to the Corporate Debtor.
Calcutta HC appointed an arbitrator under Section 11(6), holding disputes under the development agreement should be decided by the Arbitral Tribunal.
Madras HC set aside drawback recovery under Rule 16, holding proceedings initiated after unexplained delay without fraud allegations were time-barred.
Karnataka HC disposed of a Section 50 PMLA petition after ED agreed not to insist on a paraplegic petitioner’s appearance and accepted documents.
Bombay HC quashed a Section 147 assessment order as time-barred, holding it became operative only upon digital signing, not its preparation date.
Bombay HC held a Section 148 notice emailed on 1 April 2021 was issued on that date, quashed the reassessment order, and directed proceedings under Section 148A.
Bombay HC condoned delay in filing income-tax appeals, set aside the ITAT order and restored the appeals to the CIT(A) for decision on merits.
ITAT set aside rejection of Section 12AB registration renewal and restored the matter to CIT(E) for fresh decision after hearing the assessee.
