The ITAT Delhi has directed the tax department to apply the 22% concessional tax rate to Kworks Technologies, citing a procedural lapse in late filing of a tax form.
NCLAT Delhi held that extension of limitation u/s. 19 of the Limitation Act, 1963 not admissible since there was no acknowledgement by Corporate Debtor. Accordingly, rejection of application under section 9 rightly rejected as time barred.
The Bombay High Court has dismissed a petition challenging a GST order, ruling that it was filed beyond the maximum condonable period.
Delhi High Court held that writ against OIO directing absolute confiscation of goods is not maintainable since use of the IEC of the Petitioner cannot prima facie be accepted to be merely an innocent instance of misuse.
NCLT Mumbai held that application filed under section 7 of the Insolvency and Bankruptcy Code by Financial Creditor for initiation of Corporate Insolvency Resolution Process [CIRP] against Corporate Debtor is admitted as debt and default thereof proved.
NCLAT Delhi held that order rejecting application for intervention under section 65 of the Insolvency and Bankruptcy Code is set aside and intervention petition is revived since application is not filed to derail CIRP. Accordingly, appeal disposed of.
Rajasthan High Court canceled a land transfer, ruling that a power of attorney becomes void upon the death of person who issued it. Sale of a deceased person’s share was found to be invalid.
ITAT Jaipur provides relief to Sharad Kumar Choradia. Though seized records prove bro-kerage, the court remands the case, ordering a realistic re-evaluation of income and a deduction for expenses.
The Jharkhand High Court has quashed a tax notice issued to Ravi Singh Bhatia, ruling that authorities failed to consider his reply to a show-cause notice.
The Supreme Court disposes of tax petitions against Sodexo India, citing its precedent in the Rajeev Bansal case. Assessing officers must now apply the law as per the ruling.
