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Disallowing of Interest without Considering T&C of Agreement is unjustified

August 31, 2020 741 Views 0 comment Print

The issue under consideration is whether Tribunal is correct in the disallowing the claim of interest from the deposits without considering the terms and conditions of the agreement between the parties?

HC allows Kyrgyzstan National accused of Gold Smuggling to Back to Kyrgyzstan for 45 days

August 31, 2020 687 Views 0 comment Print

The present petition is filed by one Kyrgyzstan National who is seeking permission to go back to Kyrgyzstan which is earlier denied by the Customs Authority bacause 3150 gms of gold was recovered from the possession of the petitioner.

Custom Notification Increasing Duty on Peas applicable on Retrospective Basis

August 31, 2020 924 Views 0 comment Print

The issue under consideration is whether the custom notification for increasing the duty on peas will be levied on retrospective basis or prospective basis?

Rejection of Form SVLDRS-1 justified if Assessee not declares all his tax dues

August 31, 2020 1482 Views 0 comment Print

Chaque Jour Hr Services Pvt. Ltd. Vs. Union of India & Ors. (Delhi High Court) Section 129 nowhere contemplates fragmented settlement of tax dues. The discharge certificate issued under Section 126 with respect to the amount payable under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS’) is considered to be conclusive as to the matter […]

HC allows Taxpayer to apply to correct information furnished in Form SVLDRS-1

August 28, 2020 1164 Views 0 comment Print

Urban Systems Vs Union of India (Gauhati High Court) It is an agreed position of the parties that the petitioner may make an application to the appropriate respondent authorities to consider the claim of benefit under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 by allowing the petitioner to make necessary correction in the information […]

Shared received post amalgamation taxable as per substance of transaction to be Valued Entirely on Different Fundamentals

August 28, 2020 7692 Views 0 comment Print

The issue under consideration is whether proceeds release from shares exchange with new shares because of amalgamation process will be taxable under income tax?

HC Stays Insolvency Proceedings initiated by SBI against Anil Ambani

August 27, 2020 1476 Views 0 comment Print

Delhi High Court stays IBC proceedings against Anil Ambani. Counter-affidavits to be filed. Proceedings against petitioner under Part-III of IBC stayed.

No Coercive Action by DGGI Without a Weeks Prior Notice: Delhi HC

August 27, 2020 1509 Views 0 comment Print

No Coercive Action by DGGI against Respondent Without a Weeks Prior Notice: Delhi HC

Allow petitioner to upload appeal on GST Web Portal on payment of agreed tax, interest & penalty: HC

August 27, 2020 1050 Views 0 comment Print

Sanyog Construction Private Limited Vs State of Bihar (Patna High Court) Learned Counsel appearing for the State, states that if the petitioner deposits the amount towards tax, interest, fine, fee and penalty as admitted by him and also a sum equal to 10% of the remaining amount of tax in dispute arising from the impugned […]

HC directs Petitioner to submit Representation to commissioner with All Judgments Cited for Filing GST TRAN-1

August 27, 2020 807 Views 0 comment Print

The instant petition is regarding seeking permission for revision of Form GST TRAN – 1 in conformity with the returns filed under the existing laws that stand repealed by the Central Goods and Service Tax Act 2017 (“CGST”)

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