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Judiciary

Advance for Share Allotment Not a Financial Debt under IBC: NCLT

May 24, 2024 327 Views 0 comment Print

Delve into the NCLT Kolkata case of Mittson Fille Enterprise vs. Sammaan Ventures Limited regarding share application money and financial debt under the IBC. Analysis of key arguments and findings.

Upholding Fairness: Calcutta HC Affirms Jurisdiction in Contractual Matters with Public Bodies

May 24, 2024 162 Views 0 comment Print

Analyzing the Calcutta High Court’s verdict in PCIT vs Sri Manoj Parmar, a case concerning arrears of rent. Detailed examination of the judgment and implications.

CENVAT Credit Allowed for Fabricating Capital Goods Used in Final Product Manufacturing

May 24, 2024 255 Views 0 comment Print

Explore the CESTAT Kolkata verdict on CENVAT Credit for steel items. Detailed analysis, rulings, and implications.

Section 69 not applies to Loan & Advances recorded in the books

May 23, 2024 4848 Views 0 comment Print

Learn about the ITAT Kolkata ruling in Manohar Dealcom vs ITO, addressing jurisdiction issues and the applicability of Section 69 of the Income Tax Act.

ITAT Allows Section 54F Deduction for Multiple Units received pursuant to JDA

May 23, 2024 6696 Views 0 comment Print

ITAT Bangalore allows Section 54F deduction for all apartment units from JDA, dismissing Revenue’s appeal. Learn about the significant tax ruling.

Orissa HC Denies RTI on Tax Evasion Outcome

May 23, 2024 456 Views 0 comment Print

Orissa High Court rules against disclosing tax evasion petition outcome under RTI Act. Detailed judgment highlights legal reasoning and implications.

Core Issues of Property Ownership, Leasehold Rights & Sale Remain Unexamined: ITAT Directs Readjudication

May 23, 2024 342 Views 0 comment Print

In the case of Rajni Dua Vs ACIT, ITAT Delhi orders reassessment due to discrepancies in property ownership and leasehold rights. Detailed analysis provided.

ITAT Upholds Cancellation of Registration for Trust Building Leasing Income

May 23, 2024 2028 Views 0 comment Print

ITAT Pune upheld the cancellation of Golden Charitable Trust’s registration, citing commercial activity from leasing property. Read the detailed analysis of the order.

Petitioners Must Adhere to Prescribed Procedure for Budgetary Support: Sikkim HC

May 23, 2024 252 Views 0 comment Print

Glenmark Pharmaceuticals’ dispute over budgetary support claims under GST lands in Sikkim High Court. Detailed analysis of the judgment, implications, and conclusions provided.

Department can recover ITC of non-existent and bogus Firms: Allahabad HC

May 23, 2024 9363 Views 0 comment Print

Allahabad High Court rules against Rajshi Processors for wrongful ITC claims based on non-existent firms. Learn about the judgment and its implications on GST Section 16.

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