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Alleged GST Scam of Rs. 1466 crores: Gujarat HC Grants bail to accused

February 4, 2024 588 Views 0 comment Print

Gujarat High Court grants bail in the alleged GST scam of Rs. 1466 crores. Detailed analysis of Hitesh Prabhudas Lodhiya’s case against the State of Gujarat.

HC Grants Bail to co-accused in GST Scam involving Tax amount of 35 Crore

February 4, 2024 438 Views 0 comment Print

Dive into the Gujarat High Court judgment quashing Mitesh Sejpals bail. Analysis of legal arguments, court considerations, and implications of the ruling.

SC Quashes Additional Deposit Requirement in Tax Evasion Case

February 3, 2024 2085 Views 0 comment Print

In a landmark judgment, the Supreme Court cancels the condition of an extra deposit for stay continuation in Sambhu Prasad Agarwal’s tax evasion case. Full analysis here.

Unjust Enrichment Bar Not Applicable Due to Ongoing Vessel Usage

February 3, 2024 507 Views 0 comment Print

In a recent judgment, Calcutta High Court resolves a Customs dispute, allowing Dredging Corporation of India Limited a refund. The court analyzes the application of Customs Act provisions and questions of unjust enrichment.

Consistent Methodology and Adherence to Accounting Standards Render Additions Unsustainable

February 3, 2024 528 Views 0 comment Print

Read the detailed analysis of the ITAT Chennai order in the case of ST Engineering Electronics Ltd. vs ACIT regarding taxable contract income, addressing issues of revenue recognition and accounting standards.

Delhi HC Quashes ED Prosecution on Accused Acquittal/Discharge in Predicate Offense

February 2, 2024 1353 Views 0 comment Print

Delhi High Court judgment on quashing ED complaint (CC no.01/2011) under PMLA against Jeevan Kumar after his acquittal in the predicate offence. Legal analysis and implications.

Management Support Fees Not FTS under India-Singapore DTAA: ITAT Delhi

February 2, 2024 501 Views 0 comment Print

Read the detailed analysis of ITAT Delhi’s order in Cameron (Singapore) vs ACIT case. Learn why management support fees are not considered FTS under India-Singapore DTAA. Get insights on grounds, TDS credit, interest, and penalty.

American Express (India) Wins Tax Battle: ITAT Delhi Grants Relief on Relocation Expenses

February 2, 2024 504 Views 0 comment Print

Read the full text of the ITAT Delhi order on American Express (India) Pvt. Ltd. vs. JCIT. The decision grants relief on relocation expenses under section 40(a)(i) of the Income Tax Act.

ITAT Directs AO to Allow Indexed Cost of Improvement & Recompute Capital Gains

February 2, 2024 6486 Views 1 comment Print

Read the full text of the ITAT Delhi order in the Ashwin Kapur vs ACIT case. The ITAT directs the AO to allow the indexed cost of improvement and recompute capital gains under section 48 of the Income Tax Act.

Utsav Securities vs. VA Realcon: NCLT Delhi Approves Resolution Plan

February 2, 2024 288 Views 0 comment Print

Read the full text of the NCLT judgment/order on the resolution plan submitted by Durgesh Merchants Limited for VA Realcon. Key details and analysis provided.

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