Delhi High Court upheld the remand order passed by Sessions Court, in the money laundering case registered against Vivo, concluding that Section 19 of PMLA was duly complied with and thereafter the accused persons were remanded to the custody of Directorate of Enforcement.
The case centered on a circular that imposed limitations on the cumulative adjustment of ITC, contrary to the statutory provisions. The Court held that circulars cannot override statutory law.
Read about case of HIROTEC India Private Limited vs. Assessing Officer, where Madras High Court set aside an assessment order due to a violation of natural justice.
Read case of Renga Fabricators Private Limited vs. ACIT/ITO, where an outdated email notice led to quashing of an assessment order by Madras High Court.
Madras High Court held that initiation of proceedings for reassessment under section 147 of the Income Tax Act based on material already on record and without new/ tangible information is bad-in-law and liable to be quashed.
Allahabad High Court held that both the goods i.e. ‘Bakery Shortening’ and ‘Vanaspati (hydrogenated vegetable oil)’ are being treated as one under Central Excise Tariff Act as well as Customs Tariff Act. Hence, both are to be treated as same even under Sales Tax Law.
Kerala High Court set aside the order with direction to Excise Commissioner to reconsider the claim of the petitioner and decide the distance as per Abkari Laws since there is a Temple right opposite to the bar in question.
Analysis of the Medineutrina Pvt. Ltd vs DIC case in Bombay High Court involving property auction, encumbrances, and the legal obligations of auction purchasers
Learn about taxation of loan waiver benefits under Section 28(iv) of I.T. Act. Explore a Karnataka High Court case, recent amendments, and key judgments.
In Mehra Jewel Palace Pvt Ltd Vs PCIT, the Delhi High Court examines the duty of Assessing Officers to justify disallowance under Section 40A(2)(a) of the Income Tax Act.
