Allahabad High Court mandates refund under CGST Rule 97A, rejecting Circular’s impact. Details of Savista Global Solutions Pvt Ltd vs Union of India case and judgment.
Delhi High Court imposed heavy cost for obtaining admission under Economically Weaker Sections (EWS) category by illicit means. Further, directed to convert the admission under the General Category in place of EWS category.
Explore the Delhi High Court’s decision in Deepak Modi vs ACIT, setting aside the reassessment order due to lack of inquiry and denial of oral hearing. Detailed analysis and implications.
Explore the Delhi High Court decision in PCIT vs Trinity Insurance, dismissing the appeal against deletion of supervisory and risk management expenses. Analysis and implications.
Explore the detailed analysis of Allahabad High Court’s judgment in the case of PCIT Vs Pnc Infratech Ltd. (AY 2010-11). Understand the dispute, evidence, and the court’s decision on unexplained credits.
Explore the legal battle: Serum Institute of India vs Union of India (Bombay HC). Analysis of sub-clause (xviii) to section 2(24) and its constitutional validity.
Explore the detailed analysis of Lovelesh Singhal Prop Shivani Overseas vs Commissioner case, where Delhi High Court emphasizes adherence to proper tax recovery procedures.
Delhi High Court granted the bail application in the extortion case concluding that merely because the petitioner has been alleged to be a Hawala Operator, the bail cannot be denied to him.
Reassessment initiated beyond 4 years was quashed as assessee had disclosed the information with regard to the sale of the agricultural land and all the particulars with regard to sale of agricultural land was disclosed before AO in full extent and there was no failure on the part of assessee with regard to providing material facts and the notice issued under Section 148 and 149 of the Act for re-opening assessment.
Gains arising from sale of a share of a company incorporated overseas, which derives less than 50% of its value from assets situated in India would certainly not be taxable under section 9(1)(i) of the Act read with Explanation 5 thereto.
