Bombay High Court held that amalgamated company not having obtained approval of Central Government is entitled to adjust the Written Down Value [WDV] of the assets of amalgamating companies and claim depreciation on such adjusted written down value.
Delhi High Court held that reasonable payment for services rendered to persons specified u/s. 13(3) of the Income Tax Act by the trust is justifiable and such payment wouldn’t fall within the exception of section 13(1)(c) of the Income Tax Act.
Karnataka High Court rules that Section 50 of the Income Tax Act is not applicable without an actual depreciation claim, even if the asset is depreciable.
The said order was challenged before the appellate authority. By order dated 25.11.2024, the appeal was allowed and was remanded back for fresh consideration on noticing that the order impugned therein was passed ex-parte.
The petitioner is a practicing Chartered Accountant, residing in New Delhi. His name was included in a list of “Undesirable Contact Men” (UCM) which was allegedly circulated by the CBI and subsequently published in various newspaper clippings.
Delhi HC sets aside GST demand on Exide Industries citing breach of natural justice; directs fresh hearing with conditions on adjournments and timelines.
Delhi HC remands a customs duty classification case to CESTAT, stating that disputes involving product classification are recurring legal issues exempt from monetary limit guidelines.
Kerala HC directs ITAT to decide Amrita Institute’s appeal on TDS applicability (Sec 192 vs 194J) for payments to engaged doctors.
Madras HC quashes ITC denial for Shanker Impexx, citing retrospective CGST amendment extending GSTR-3B filing deadline for ITC claims.
Delhi High Court directs Tribunal to hear Ashish Bansal’s appeal against a substantial customs penalty without pre-deposit, considering his financial situation.
