Calcutta High Court has held that the denial of Input Tax Credit (ITC) to the recipient without due investigation of the supplier cannot be sustained. The ruling highlights the importance of conducting proper inquiries before reversing ITC claims.
Explore the recent Calcutta High Court judgment on IGST exemption for Citibank credit card loans. Analysis of the loan, credit card services, and implications for borrowers.
Reviewing the landmark UK Supreme Court decision in Barclays Bank UK PLC vs Philipp case. Analysing its global implications on bank liability in cases of fraudulent transactions.
Learn about the case of Bechu Kurian Thomas against Qatar Airways, where denial of boarding due to overbooking led to a consumer dispute. Explore the legality of compensation under the Consumer Forum Act, despite lower compensation provisions in the Aircraft Act and Carriage by Air Act.
Read about the Supreme Court’s decision on whether penalty can be imposed on self-assessment returns for alleged suppression of facts. Analysis of the case involving Commissioner, Central Excise And Customs vs Reliance Industries Ltd. Learn about the implications for GST and Income-tax matters.
Delhi High Court quashes IT order under Section 148A(d) against Krishna Diagnostic, highlighting errors in property transaction allegations.
Read about the Madras High Court ruling on the concept of communal property, stating that homemaker wives have an equal share in their husband’s funded properties. Analysis of the case involving Kannaian Naidu and Kamsala Ammal.
Calcutta High Court rules that initiation of fresh proceedings against an entity under CIRP is barred by IBC Section 238, quashing IT department’s order and subsequent actions against MSP Metallics Limited.
Read the analysis of the Supreme Court of India’s verdict in the case of Hasmukhlal Madhavlal Patel And Anr. vs Ambika Food Products Pvt. Ltd. And Ors. regarding disproportionate allotment of shares in a right issue by a private limited company. The court’s ruling examines the applicability of Section 81 of the Companies Act, 1956 and its implications for directors’ responsibilities.
SC in the Ghanshyam Vs Yogendra Rathi, concerning entitlement to eviction and mesne profits based on various documents such as power of attorney, will, agreement to sell, possession memo, and sale consideration receipts
