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Will (Before Death of Testator) Or POA cannot Confer Title in Immovable Property: SC

June 9, 2023 16779 Views 0 comment Print

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

SC on clarification filed by Revenue in matter of Abhisar Buildwell P Ltd

May 12, 2023 5223 Views 0 comment Print

PCIT Vs Abhisar Buildwell P. LTD. (Supreme Court of India) Clarification application file by Revenue on issue of permitting 148 notice dismissed by Supreme Court with liberty  to Revenue to file Review application. Further in case such review application is filed it will be heard in open court . We observe that as we have […]

Compensation for wrong hair cut- Amount maintained at Rs 2 crore by NCDRC

May 5, 2023 9237 Views 1 comment Print

Opposite Party to pay a compensation of ₹2,00,00,000/- (Rupees Two Crores only) to the Complainant for wrong cutting the her hair.

Companies Act Section 140(5) not become nugatory on auditor resignation: SC

May 4, 2023 2220 Views 0 comment Print

SC ruling on whether rendering provisions of Section 140(5) of Companies Act, 2013 become nugatory on auditor resignation on non reporting of fraud

Revenue files MA in SC seeking clarification regarding applicability of judgement in the light of provisions of Section 150 of IT Act 1961

April 28, 2023 1953 Views 0 comment Print

PCIT Vs Abhisar Buildwell P Ltd (Supreme Court of India) Revenue files MA in SC seeking clarification regarding applicability of judgement in the light of provisions of Section 150 of IT Act 1961 After the judgement of Supreme Court in the case of Abhisar Buildwell Pvt ltd was announced on 24th  April, 2023, the Income-tax […]

Calcutta HC order on inordinate delay to approach writ court

April 28, 2023 963 Views 0 comment Print

The Calcutta high court in this case was dealing with challenge to declaration of the petitioner herein as a wilful defaulter vide order passed in October,2018 when the counsel for the bank challenged maintainability on the ground of delay. The bank argued that the immediate cause of the writ was the lookout circular which was issued against the petitioner whereupon the petitioner was not allowed to travel abroad.

Prior period expenses allowable as liability crystallized in the year under consideration

April 21, 2023 3063 Views 0 comment Print

PCIT Vs Balmer Lawrie And Company Limited (Calcutta High Court) The Division bench of Calcutta High Court in this case was considering department’s appeal whether any substantial question of law arose when the assessee had claimed Rs 4.08 crore as prior period expenditure on account of same having crystallised during the year though it related […]

SC quashes HC order dismissing revenue appeals in determination of arm’s length price

April 20, 2023 1410 Views 0 comment Print

SAP Labs India Private Vs ITO (Supreme Court of India) Whether in every case where the Tribunal determines the arm’s length price, the same shall attain finality and the High Court is precluded from considering the determination of the arm’s length price determined by the Tribunal, in exercise of powers under Section 260A of the […]

SC order Whether mens rea is essential for levy of penalty under taxation laws

April 18, 2023 6675 Views 0 comment Print

State of Gujarat and Anr. Vs Saw Pipes Ltd. (Supreme Court) The highest court of the country in this case was considering the levy of penalty and interest under the provisions of Gujarat Sales tax Act 1969 when the high court gave relief by setting aside interest and penalty in relation to tax paid on […]

SC defines consumer & commercial purpose under Consumer Protection Act

April 14, 2023 24471 Views 0 comment Print

Meaning of commercial purpose under Consumer Protection Act for reimbursement of claim on account of fire at Godown of a commercial enterprise

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