In lieu of the appellant discontinuing the commodity brokerage business, BNP Paribas offered compensation of Rs.40 crores. Pursuant thereto, in a meeting held on 23.05.2008, resolution was passed by the Board of Directors of the appellant accepting the said offer.
Kerala HC rules CGST Act provisions are self-contained, excluding Limitation Act for appeal delays. Dismisses writ petition on grounds of time-barred appeal.
Kerala High Court grants a petitioner the opportunity to challenge GST assessment orders uploaded post-registration cancellation, subject to deposit of ₹10 lakhs.
Kerala HC holds that writs are not maintainable against orders of the First Appellate Authority under the Kerala Building Tax Act; revisional jurisdiction is available.
Department had challenged the finding of Tribunal on the issue as to whether the income received by the Kerala Cricket Association during the assessment years 2010-11, 2012-13, and 2013-14 would partake of the nature of exempted income going by the provisions of Section 2(15) of the Act
Kerala High Court rules that denying KVAT credit based on non-registration of a seller is unjust. Court directs credit for taxes remitted to State Exchequer.
Kerala High Court held that adjustment of amount payable under Amnesty Scheme 2020 as against refund amount due to the appellant is permissible. Accordingly, writ allowed and adjustment of amount directed.
Kerala High Court held that imposition of penalty u/s. 47(6) of Kerala Value Added Tax Act unjustified as declaration in Form 16 produced demonstrating that goods that were being transported were for own use of the assessee.
Kerala High Court held that the provisions of Section 7(aa) of the Central Goods and Service Tax Act, 2017 (CGST Act) will have prospective operation with effect from 01.01.2022.
Kerala High Court held that when a property kept not for trade, but for an investment purpose is sold, the gain has to fall under head ‘capital gains’ and such transaction is only taxable under capital gain and not under adventure of trade.
