ITAT Delhi in case of KBC India Pvt. Ltd. vs. ITO held that equity shares were allotted by the assessee to its holding company at premium and in such a scenario no addition can be made u/s 56(2)(viib) of the Act
Explore the ITAT Delhi ruling on valuation of shares in DCIT Vs Hometrail Buildtech Pvt. Ltd. case for Assessment Year 2015-16. Analysis, implications, and conclusions discussed.
Explore the Supreme Court judgment in State of Maharashtra vs. National Organic Chemical Industries Ltd. regarding stamp duty refund on share capital increase.
Commissioner of C.E. & S.T.-Surat-i vs J K Motors case analyzed: Service tax not leviable on CNG kit installations without separate invoices. Detailed review of CESTAT Ahmedabad’s decision.
In the case of Vidya Herbs Pvt Ltd vs Commissioner of Customs, the CESTAT Bangalore ruled on the denial of benefits for coffee beans import under a notification. Get the full analysis here.
In Uttam Narayanmal Mehta S K Metal Vs ITO case, ITAT Mumbai directs AO to re-adjudicate mistake in ITR filing regarding double taxation of profit.
In Brijbihari Concast Pvt. Ltd. Vs Directorate General of GST Intelligence, Delhi HC directs disposal of objections to provisional attachment under Section 83 of the CGST Act within two weeks.
NCLT Mumbai set aside the resolution plan submitted by the respondent as Resolution Professional withhold the information of Resolution Applicant, being declared as wilful defaulter prior to submission of resolution plan, from the COC.
Bombay High Court held that retrospective legislation cannot deprive a person of an accrued right vested in him under a statute or under the Constitution.
Kerala High Court dismisses writ petition challenging assessment order under KVAT Act, citing availability of statutory remedy. Full judgment analysis.
