Karnataka High Court held that claims which are not a part of resolution plan stands extinguished, accordingly, no person will be entitled to initiate or continue any proceedings in respect to a claim which is not part of the resolution plan.
Karnataka HC sets aside IT penalty on Cooperative Society due to unexplained genuineness doubts. Case sent back to AO for re-examination of cash deposit transactions.
Though the petitioner has sought for multiple reliefs, it is clear that they have confined their relief for refund of the amount of Rs.2.50 crores collected, while keeping open the other contentions in light of pending adjudication initiated by issuance of show cause notice.
Karnataka High Court grants another opportunity to C.T. Raghu to submit documents after his Tax Audit Report was rejected for unsigned schedules and annexures.
The Karnataka High Court, upholding the ITAT’s order, reiterated that discounts on the issuance of ESOPs are allowable deductions under Section 37(1) of the Income Tax Act, in line with the decision in Biocon Ltd.
Karnataka High Court directs the restoration of GST registration wrongly canceled due to administrative error within 4 weeks, subject to tax filing and payment.
Karnataka HC sets aside Azeem Infinite’s tax assessment as notices were sent to an email created by a former accountant. Case remitted to Section 148A(b) stage.
Read a summary of the HAL vs HAL Contract Workers Association case where Karnataka High Court rules on contract labour consultation under Labour Act.
Karnataka HC stays IGST adjudication proceedings on secondment of manpower, citing recent circular’s potential impact on ongoing legal dispute.
Karnataka HC sets aside an ex-parte GST order, restoring the appeal filed by Ebony Automobiles Pvt Ltd. Case remanded for fresh hearing following violation of natural justice.
