ITAT Mumbai overturns AO’s addition of Rs. 80 Lakh against mere Rs. 50,000 share capital infusion, ruling in favor of taxpayer’s proof of subscriber genuineness.
Bombay High Court nullifies GST demand on ocean freight from outside India citing ultra vires notification. Detailed analysis and conclusion provided.
Supreme Court ruling clarifies legal heirs’ non-liability for firm debts after partner’s demise. Detailed analysis & judgment overview.
CESTAT Delhi’s ruling favors Indian Airlines Ltd, excluding freight & insurance from duty calculation for ATF consumed in aircraft fuel tanks. Full text of the order provided.
Learn about the ruling by ITAT Kolkata stating no deduction can be claimed if employees’ contributions deducted from salaries were not paid to PF & ESI accounts. Full order analysis provided.
Indian Oil Employees Welfare Cooperative Society Ltd. vs ACIT (ITAT Mumbai) case discusses the eligibility of cooperative society interest income under section 80P. Read the detailed analysis and conclusion.
Read the Kerala High Court judgment on failure to submit proper GST documents. Detailed analysis and conclusion on Dileep Divakaran Vs State Tax Officer case.
GST impact on credit note issued considered as ITC and shown in wrong tables. No revenue loss. Madras HC quashed the order and directs the authority to properly consider the taxpayer’s explanation
Manyata Reallty Vs Registrar National Company Law Tribunal (Karnataka High Court) The legal landscape surrounding insolvency and bankruptcy has witnessed significant developments in recent years. One such provision is Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. This section deals with the maintainability of petitions before the National Company Law Tribunal (NCLT) against […]
Once it is seen that the disclosure was not full and truthful, the ITSC loses its jurisdiction to entertain such an application as well as to provide any immunity to the applicant from prosecution and penalties.
