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Supreme Court of India

SC allows 15% Interest on Delayed Refund of Deemed-Export Duty Drawback

February 19, 2024 1467 Views 0 comment Print

Explore the Supreme Court ruling in Union of India vs. B.T. Patil & Sons Belgaum, awarding 15% interest on delayed deemed-export duty-drawback refund. Details and implications here.

Draft Assessment Order not served: SC directs AO to remand matter to AO

February 17, 2024 3597 Views 0 comment Print

Explore the Supreme Court judgment on National Faceless Assessment Centre vs Automotive Manufacturers. Learn about the breach of natural justice, Section 144B implications, and the modified ruling remanding for a fresh Assessment Order.

Supreme Court Sets Aside NCLT Order, Calls for Re-Submission of Resolution Plan

February 16, 2024 4932 Views 0 comment Print

In a landmark judgment, the Supreme Court of India overturns the NCLT’s approval of a resolution plan, highlighting the need for adherence to IBC parameters.

Liability of Resigned Directors in Negotiable Instruments: Supreme Court Verdict

February 16, 2024 2301 Views 0 comment Print

Explore the Supreme Court judgment on whether directors who resigned can be held liable for dishonored negotiable instruments. Understand the legal implications and ramifications.

Delay in trial cannot be used as ground to grant bail: Supreme Court

February 10, 2024 2943 Views 0 comment Print

Supreme Court held that mere delay in trial pertaining to grave offences cannot be used as a ground to grant bail. Accordingly, bail application of appellant accused under Unlawful Activities (Prevention) Act, 1967 rejected.

SC Upholds CA Rule on Referring Misconduct to Disciplinary Committee

February 10, 2024 1818 Views 0 comment Print

Naresh Chandra Agrawal Vs Institute of Chartered Accountants of India And Others (Supreme Court of India) In a landmark judgment, the Supreme Court of India delivered a significant ruling in the case of Naresh Chandra Agrawal vs. Institute of Chartered Accountants of India (ICAI) and Others. This case brought into focus the legal and ethical […]

SC upholds order quashing section 148 notice issued after time lapse of 16 years

February 9, 2024 1179 Views 0 comment Print

Supreme Court dismisses SLP challenging Delhi HC’s order quashing notice issued under section 148 of Income Tax Act after 16 years, citing low tax effect.

Interest entitled if duty drawback not paid within 3 months from date of filing of claim: Supreme Court

February 8, 2024 1005 Views 0 comment Print

Supreme Court held that where duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback.

Supreme Court Dismisses Service Tax Appeal: Low Tax Effect

February 8, 2024 915 Views 0 comment Print

Read about the Supreme Court’s dismissal of Service Tax Appeal due to low tax effect, citing Circular No. 17 of 2019. Insights on Commissioner of Customs And Central Excise vs P And C Constructions Pvt. Ltd.

SC Quashes Additional Deposit Requirement in Tax Evasion Case

February 3, 2024 2454 Views 0 comment Print

In a landmark judgment, the Supreme Court cancels the condition of an extra deposit for stay continuation in Sambhu Prasad Agarwal’s tax evasion case. Full analysis here.

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