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Consultancy charges paid for introduction of client is not FTS

July 10, 2022 894 Views 0 comment Print

Hemera India Pvt. Ltd Vs DCIT (ITAT Delhi) ITAT held that once the revenue admitted that they were consultancy charges paid for introduction of client then that would fall in the definition of payments made to intermediary or liaison agents for channelizing, arranging or soliciting work order. There is no finding whatsoever that any inquiry […]

Section 5 of Limitation Act applies to Arbitration Reference under National Highways Act

July 10, 2022 8559 Views 0 comment Print

Admittedly, no limitation is provided for filing an appeal under Section 3G(5) of National Highways Act, 1956. Therefore, it can be construed, as held in the aforesaid judgments, that Article 137 of the Limitation Act would stand applicable to such cases.

No protection under IBC against interest claim of a partner

July 10, 2022 1416 Views 0 comment Print

NCLT held that IBC does not protect the interest or claim of a Partner against another Partner or the Partnership Firm.

Statement at Interim Injunction stage is Not a First Statement- Section 8 A&C Act

July 10, 2022 1110 Views 0 comment Print

Respondent cannot be presumed to have submitted to the jurisdiction of Court and waived its right to arbitration when it had reserved its right to take appropriate legal proceedings against plaintiff.

NI Act | Circumvention of due process of law not allowed – Section 482 of Crpc

July 10, 2022 675 Views 0 comment Print

The process of law cannot be taken recourse to circumvent the due procedure prescribed in law. There is further no reason why the petitioner cannot take recourse to institution of appropriate proceedings before the competent authorities in accordance with law.

No Addition for Unaccounted Sales without Cogent Material

July 10, 2022 1041 Views 0 comment Print

If the assessee did not adhere to the surrender made during the survey, it was for the AO to bring on record cogent material or other evidence to support the additions rather than rely on the statements simpliciter.

Validity of SCN: HC direct GST dept to consider applicability of Circular No. 52/26/2018-GST

July 8, 2022 1818 Views 0 comment Print

PEETEE Coach Builders Private Limited Vs Union of India (Madras High Court) The petitioner has challenged the impugned show cause notice dated 15.12.2020 of the 4th respondent on the ground that the impugned notice is contrary to the circular No.52/26/2018-GST, dated 09.08.2018 of the Government of India, Ministry of Finance (Department of Revenue), Central Board […]

AI-based software to detect illegal constructions on defence land

July 8, 2022 924 Views 0 comment Print

Centre of Excellence on Satellite & Unmanned Remote Vehicle Initiative (CoE-SURVEI) has developed an Artificial Intelligence-based software which can automatically detect change on ground, including unauthorised constructions and encroachments in a time series using Satellite Imagery.

Govt advisory to public on proper use of wireless jammer, booster

July 8, 2022 909 Views 0 comment Print

Department of Telecom issues advisory to public on proper use of wireless jammer, booster Warns e-commerce platforms on illegal facilitation & sale of wireless jammers Department of Telecommunications (DoT), Ministry of Communications, on 1st July, 2022 issued an advisory to the general public on the proper use of Wireless jammer and booster/ repeaters (https://dot.gov.in/spectrummanagement/advisory-proper-use-wireless-jammer-and-boosterrepeater). It has […]

ED attaches accounts of ‘Kudos Finance & Investments Pvt. Ltd.’ in Loan App case

July 8, 2022 1242 Views 0 comment Print

ED has provisionally attached Rs. 86.65 Crore lying in various bank accounts and payment gateway accounts pertaining to NBFCs namely M/s Kudos Finance and Investments Private Limited and others under PMLA, 2002 in the Loan App case Press Release 04.07.2022 Directorate of Enforcement (ED) has provisionally attached 16 immovable properties held in the name of […]

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