SC quashes Punjab HC order dismissing plea under CrPC 482. Case remitted to Sessions Court for re-examination of deposit requirement in NI Act conviction.
SC clarifies scope of Section 143A of NI Act, holding interim compensation as discretionary, not mandatory, in cheque bounce cases. Appeal partly allowed.
ACIT vs Prashant Prakash Nilawar case where ITAT Mumbai dismissed Rs. 17 Cr addition based on WhatsApp messages without concrete evidence. Understand judicial precedents cited.
Mere exchange of draft MoUs or discussions on WhatsApp does not amount to a binding contract, especially when a formal agreement remains unsigned.
The Supreme Court ruled that insolvency moratorium under IBC shields corporate directors from Section 138 NI Act cases, quashing proceedings against Vishnoo Mittal.
Karnataka High Court rules that payments to Fugro for geological surveys do not qualify as fees for technical services under DTAA in CIT vs. De Beers India case.
ITAT Ahmedabad dismisses ITO’s appeal against Sun Gold Capital Ltd due to low tax effect under CBDT Circular 09/2024. Key issues include Section 148 and cash credits.
Analysis of ITAT Ahmedabad’s ruling in Rakesh Saxena Vs PCIT. The tribunal upheld the revision order, treating VRS benefits as taxable salary. Read the case summary.
Madras High Court quashes assessment order citing lack of proper notice and violation of natural justice for a non-resident taxpayer.
Madras High Court dismisses Ragem Motors’ writ petition on GST demand for non-taxable receipts, citing availability of statutory remedy under Section 107 of GST Act.
