#section 35
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160 articlesExcise Duty

Excise Duty
No proceedings u/s 11A of Central Excise Act in absence of any deliberate or willful suppression
Income Tax

Income Tax
Disallowance of Dividend Income was deleted as sec. 44 overrides sec.14A in computation of income for Insurance Companies
Custom Duty

Custom Duty
Customs and excise department doesn’t have priority over secured creditors: Madhya Pradesh HC
Income Tax

Income Tax
Treatment of losses due to exchange rate fluctuation needs effective adjudication hence matter remanded
Income Tax

Income Tax
Depreciation can set off against business income and not against income from any other sources: Kerala HC
Income Tax

Income Tax
Matter Remanded: Delay in Filing Form 10AB Not Grounds for Rejecting Registration Under Section 80G(5)
Income Tax

Income Tax
Adoption of Stamp Duty Authority’s value without referring to valuation officer unjustified
Income Tax

Income Tax
Section 35: Auroville Foundation Recognized for Research Tax Benefits
Company Law

Company Law
Stock Exchange NOC Not Required for Revival Schemes of Liquidating Companies
Goods and Services Tax

Goods and Services Tax
Appellate Authority cannot condone delay beyond 4 Months u/s 107 of CGST Act
Income Tax

Income Tax
No Section 36(1)(iii) Disallowance of Interest Based on Incorrect AO Assumption of Interest-Bearing Funds use for CWIP
Corporate Law

Corporate Law
Banks and NBFCs obliged to adopt restructuring process before classification of account as NPA: Supreme Court
Income Tax

Income Tax
Income Tax Dues Don’t Bar Property Registration in Auctions: Karnataka HC
Corporate Law

Corporate Law
