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Secured creditor cannot proceed under SARFAESI following adverse civil suit judgment

May 26, 2024 1542 Views 0 comment Print

Kerala High Court rules that a secured creditor cannot proceed under SARFAESI Act if a civil suit for recovery has been dismissed on merits. Learn more about the case.

Delhi HC directs expedited processing of GST Registration Cancellation Application

May 26, 2024 324 Views 0 comment Print

Delhi High Court directs the processing of Shree Shakti Sales’ application for GST registration cancellation post business closure. Read the full judgment here.

Kerala High Court Directs Deferred Repayment Plan in Loan Recovery Case

May 26, 2024 783 Views 0 comment Print

Kerala High Court intervenes in coercive recovery proceedings against petitioners for financial advance default, granting time for repayment. Read the full judgment here.

Delhi HC Directs Central Registrar to Appoint Arbitrator in Handloom Dispute

May 26, 2024 852 Views 0 comment Print

Delhi HC mandates Central Registrar to appoint an arbitrator under Section 84 of the Multi-State Cooperative Societies Act in a dispute between Appolo Handloom and All India Handloom.

Procedural Violation, Not Suppression, for Invoking Extended Limitation: CESTAT

May 26, 2024 840 Views 0 comment Print

CESTAT Allahabad rules on LG Electronics India vs Commissioner of Central Excise, emphasizing procedural violations are not suppression for extended limitation.

Violation of Section 269SS: Section 271D penalty Applies, Not Section 68 addition

May 26, 2024 3231 Views 0 comment Print

Section 54F amendment restricting exemption to one residential house was prospective, applying only from April 1, 2015 and Violation of section 269SS of the IT Act, if any, would call for a separate penalty under section 271D, not an addition under section 68.

HC allows Section 54F exemption for all five flats received as part of development agreement

May 26, 2024 13440 Views 0 comment Print

Discover how the Madras High Court ruled on treating multiple flats as a single residential unit under Section 54F. Detailed analysis and implications explained.

Karnataka HC allows Section 54 exemption for investments in multiple residential properties

May 26, 2024 8835 Views 0 comment Print

Explore Arun K Thiagarajan Vs CIT, a case on Section 54 of the Income Tax Act, 1961. Detailed analysis, implications, and the court’s ruling explained.

HC Restores GST Registration with Return Filing & Tax Payment Conditions

May 26, 2024 861 Views 0 comment Print

Dive into the Calcutta High Court’s judgment on Rana Chowdhury’s challenge against the cancellation of his registration under the WBGST Act, 2017, and its implications.

GST registration cancellation for Return filing default: HC allows on more opportunity

May 26, 2024 771 Views 0 comment Print

Explore the Calcutta High Court’s judgment on restoring registration under CGST & WBGST Act, 2017, for a small retailer of imitation jewelry in Subhankar Golder Vs Assistant Commissioner of State Tax.

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