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Judiciary

NCLAT Directs NCLT on CoC Reconstitution: Srei Equipment Finance Ltd. Vs Harsh Arora

May 31, 2024 186 Views 0 comment Print

NCLAT directs NCLT to decide on reconstitution of CoC after considering reply in Srei Equipment Finance Ltd. Vs Harsh Arora case. Full text of judgment included.

Expenditure on Leasehold Premises Disallowed by Kerala HC due to Lack of Explanation

May 31, 2024 420 Views 0 comment Print

Read the Kerala High Court judgment on Hotel Allied Trades Pvt. Ltd vs ACIT regarding expenditure on leasehold premises. Detailed analysis and implications included.

Same Methodology Must Be Applied for Valuing Opening & Closing Stock: Kerala HC

May 31, 2024 438 Views 0 comment Print

Explore the detailed analysis of P. A. Jose Vs Union of India judgment by Kerala High Court regarding the valuation methodology for opening and closing stock. Understand the implications and legal aspects.

Only costs directly related to CIRP & approved by CoC can be classified as CIRP costs: NCLAT

May 31, 2024 297 Views 0 comment Print

NCLAT Delhi rules on Avil Menezes’ appeal regarding CIRP costs in Sunil Hitech vs Abdul Qudduskhan case. Detailed analysis of fabrication and erection work claims.

Clandestine Removal Requires Corroborative Evidence: CESTAT Reduces Penalty

May 31, 2024 216 Views 0 comment Print

CESTAT Kolkata reduces penalty in Mittal Iron Foundry case, stating clandestine removal claims lack corroborative evidence.

Non Consideration Of Detailed Reply By GST Proper Officer: HC directs re-adjudication

May 31, 2024 636 Views 0 comment Print

Delhi High Court set aside an order against Ethos Limited for non-consideration of a detailed GST reply. The Proper Officer must reassess the case fairly within 30 days.

Unconditional Withdrawal of SLP – Appeal Not Maintainable: Delhi HC

May 31, 2024 312 Views 0 comment Print

Delhi High Court dismisses appeal against IBBI, citing res judicata principle. Full text of judgment and analysis provided.

Proper Officer has to mandatorily disclose reasons for rejection of GST Refund

May 31, 2024 519 Views 0 comment Print

Rajasthan High Court ruling requires proper officers to disclose reasons for rejecting GST refund applications, ensuring procedural fairness. Analysis & implications.

HC grants stay on Demand Order wherein Validity of Extension Notifications Under section 168A of CGST Act, Challenged

May 31, 2024 867 Views 0 comment Print

Read about the Andhra Pradesh High Court stay on demand orders under CGST Act Section 168A. Analysis of Fluentgrid Ltd. case & implications.

Bad Debts cannot be disallowed for mere absence of a money lending license

May 31, 2024 354 Views 0 comment Print

Learn why the absence of a money lending license doesn’t disallow bad debts. Explore the case of Moolchand Kiran Kumar Jain Vs DCIT (ITAT Chennai).

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