Supreme Court held that the reduction in share capital of the subsidiary company and subsequent proportionate reduction in the shareholding of the assessee would be squarely covered within the meaning of transfer under Section 2(47) of the Income Tax Act.
Supreme Court granted bail to women who is accused in complaint filed u/s. 44 of the Prevention of Money Laundering Act, 2002 since there is no possibility of the trial concluding in near future.
The Supreme Court stays show cause notices in the GST case Directorate General of Goods and Services Tax Intelligence vs. Gameskraft Technologies Pvt Ltd.
Supreme Court quashes criminal proceedings against R. P. Darrmalingam for delayed IT return filing, citing penalty drop and refund order under the IT Act.
Supreme Court held that the National Commission had no jurisdiction to re-write the terms of the contract entered between the banks and the credit cardholders, which the parties have mutually agreed to be bound by.
Supreme Court held that the reduction in share capital of the subsidiary company results into the transfer of capital asset as envisaged in section 2(47) of the Income Tax Act. Accordingly, petition of revenue dismissed.
SC dismisses Revenue’s appeal over penalty under APVAT Act due to lack of show cause notice, urging efficient legal processes to avoid unnecessary delays.
SC directs BCI to permit visually challenged students to take the AIBE exam on computers while retaining the option of a scribe for those who prefer it.
SC upholds HC’s refusal to entertain GST writ petition citing statutory remedy under Section 107 of CGST Act. Appellate authority urged to consider limitation factors.
Supreme Court rules in favor of a bona fide auction-purchaser under the SARFAESI Act, emphasizing due diligence and addressing ownership disputes in loan recovery cases.
