The Authority ruled that selectively withholding course information and presenting disclaimers in illegible font misled prospective students. It ordered discontinuation of the advertisements and imposed an ₹8 lakh penalty.
The CCPA held that failure to prominently disclose licensing requirements, frequency details, and regulatory approvals for walkie-talkies amounted to misleading advertisements and unfair trade practices. The company was fined ₹1 lakh and directed to ensure full compliance and disclosures.
The CCPA held that claims such as 100% Tender Coconut Water, 100% Juice, and several health benefit claims were misleading and inadequately substantiated. It directed their immediate discontinuation and imposed a ₹1 lakh penalty.
CESTAT observed that the appellant executed complete government construction projects on a turnkey basis and was responsible for all aspects of implementation. Since the contracts were composite works contracts, the service tax demand failed.
The ITAT Mumbai held that revision under Section 263 was not justified where the Assessing Officer had examined and consciously allowed deduction under Section 80G for eligible CSR expenditure.
The ITAT Mumbai held that ESOP discount is an allowable deduction under Section 37(1), observing that the pendency of an SLP against a High Court judgment does not justify disallowance.
The ITAT Delhi held that foreign exchange fluctuation gains arising from export of services must be treated as operating income for transfer pricing purposes. It also ruled that the Safe Harbour Rules were not applicable to the relevant assessment year.
The ITAT held that no addition under Section 56(2)(viib) was warranted where shares were allotted to existing shareholders and no fresh funds were received during the relevant year. The Tribunal deleted the addition after finding the assessee’s valuation supported by registered valuers.
The Orissa High Court held that the Section 143(2) notice was issued by an authority lacking jurisdiction and set it aside. The Court left it open to the competent authority to issue a fresh notice in accordance with law.
The Mumbai ITAT held that ownership premises received under a redevelopment scheme are acquired in exchange for valuable tenancy rights and cannot be treated as having a nil cost. It directed the Assessing Officer to adopt the fair market value of the surrendered tenancy rights for recomputing capital gains.
