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.
Delhi High Court held that while judging as to whether a person is fit and proper to be appointed as an Insolvency Professional his past actions and conduct cannot be ignored. Accordingly, refusal to grant registration as an Insolvency Professional justified as petitioner found guilty of fraudulent practices violating market integrity.
Delhi HC ruling on PCIT vs. Clix Finance: Examining tax implications of loan sale, addressing disallowance under Section 14A.
Delhi High Court held that the Income Tax Act does not seem to cast a burden on the deductee/payee with regard to the deposit of money, which is retained as tax, by the payer i.e., the deductor.
Read about the Delhi High Court’s decision upholding simultaneous arbitration and Section 138 NI Act proceedings, emphasizing their separate causes of action.
Delhi High Court directs restoration of GST registration for ATT SYS India Pvt Ltd, canceled without a hearing. Analysis of the judgment and its implications.
Delhi High Court’s dismissal of a public interest petition challenging customs circulars on gold seizures. The court found petitioner lacked standing.
Delhi High Court judgment on Reliable Enterprises vs Commissioner Delhi GST. Detailed analysis of the quashing of GST registration cancellation, Rule 25 violation, and the remand order.
Delhi High Court judgment on AB Enterprises Vs. Commissioner Of Delhi Goods And Services Tax clarifies that GST refund rejections must cite deficiencies; full text and analysis here.
Delhi High Court overturns the cancellation of VAB Apparel LLP’s GST registration. Learn why a closed shop is not sufficient grounds for cancellation. Full judgment details included.
