Finance judiciary-2

Order passed by Ignoring Cross Examination Request is unlawful

M. P. Ganesan Vs The Commercial Tax Officer (Madras High Court)

The issue under consideration is whether the order passed by AO by denying the cross examination request of custom banker as well as bank officials is justified in law?...

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HC Quashes Notification Increasing Tax Rate on Petrol & Diesel in Puducherry

K. Devamani Vs. Union of India (Madras High Court)

the petitioner seek quashing of notification for increasing the rate of tax payable in respect of Petrol and Diesel and fixing the same at 28% and 21.8% respectively....

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Stay rejection without considering contentions of petitioner is invalid

Digi Cable Network India Ltd. Vs S. Krishna Murthy (Telangana High Court)

The issue under consideration is whether the Entertainment Tax will be levied on Master System Cable Operator?...

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Reversal of ITC Merely by Adopting Uniform or Ad-hoc Percentage is unsustainable

Sri Ranganathar Valves Private Limited Vs The Assistant Commissioner (CT) (FAC) (Madras High Court)

The present Writ Petitions relate to restriction of the amount of Input Tax Credit (ITC) predominantly on the head of (a) Prior sufferance of Taxes; (b) ITC on reversal on wastage; and (c) Ineligible claim of ITC on goods....

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SC confirms One Year Imprisonment for Demanding Bribe of Rs. 300

Gurdip Singh Patwari Vs State of Punjab (Supreme Court)

SC confirmed One Year Rigorous Imprisonment for Revenue Officer for Demanding Bribe of Rs 300...

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Cheque not a Valid Instrument if Amount is not Specified

M/s. Shree Tyres Vs. State (Patiala House Courts : New Delhi)

Delhi High Court has held that an instrument cannot be termed as a 'Cheque' if it does not specify a certain amount of money to be paid to a certain person. Thus, if the amount written on the instrument is 'absurd', the same cannot be called a 'cheque' and will not draw any legal consequences under the Negotiable Instruments Act....

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Ultratech Cement liable to Pay Interest @ 12% on Exessive Subsidy until Entire Excess Subsidy Recovered

Ultratech Cement Ltd. & Anr. Vs State of Rajasthan & Ors (Supreme Court)

Whether interest will be levied on availment of excessive subsidies of 25% under Rajasthan Investment Promotion Scheme-2003 until the whole excessive subsidies are recovered?...

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CIC allowed RTI to disclose Only Limited Information of Income Tax Return of Husband to His Wife

Smt. Basavantamma Vs The CPIO (Central Information Commission)

The issue under consideration is whether the details related to someone's Income Tax Return can be obtained through Right To Information Act?...

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Educational Loan cannot be rejected for Unsatisfactory Credit Scores of parents

Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court)

In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's father showed that there was a default in a commercial vehicle loan availed by him....

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Punjab & Haryana HC directs Subordinate Courts to use Video conferencing facilities

Anuj Bansal Vs State of Punjab and others (Punjab and Haryana High Court)

Video conferencing facilities can be used in all matters including remands, bail applications and in civil and criminal trials where a witness is located intrastate, interstate, or overseas....

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