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Judiciary

Projects that received occupancy certificate after 01.05.2017 needs to be registered under K-RERA: Kerala HC

March 22, 2024 609 Views 0 comment Print

Kerala High Court held that all the projects which received occupancy certificate after 01.05.2017 are covered within the purview of the Kerala Real Estate Regulatory Authority (K-RERA Act, 2016) and mandatory registration as proved u/s. 20(1) of K-RERA needs to be obtained.

SC rejects bail application of Satyendar Jain & other in money laundering case

March 22, 2024 483 Views 0 comment Print

Supreme Court rejected the bail application of Shri Satyendar Kumar Jain and others involved in the case of money laundering as appellants have not complied with the twin mandatory conditions laid down in Section 45 of Prevention of Money Laundering Act, 2002.

Section 50C Inapplicable to Assessee in Property Redevelopment Business: ITAT Mumbai

March 22, 2024 1803 Views 0 comment Print

Explore the case of Tirupati Developers vs ACIT where ITAT Mumbai ruled no section 50C addition for PGBP income in a redevelopment project.

ITAT Directs AO to allow Commission paid to Agents as Business Expense

March 22, 2024 486 Views 0 comment Print

Read the detailed analysis of ITAT Kolkata’s decision in Jai Trading Co. vs. ITO regarding the allowance of commission payments as business expenses. Full text included.

Minor Discrepancies No Basis for Customs Refund Recovery if CA Certified submitted

March 22, 2024 249 Views 0 comment Print

CESTAT Ahmedabad clarifies that minor discrepancies shouldn’t lead to recovery of customs refund if CA certifies stock report. Learn more about Santosh Timber Trading Co Ltd Vs C.C.

ITAT Orders Re-adjudication for LTCG of Canceled Property Sale

March 22, 2024 357 Views 0 comment Print

ITAT Bangalore directs re-examination of Long-Term Capital Gains (LTCG) dispute concerning a property whose sale was canceled by a Civil Court. Details of Mangalagiri Tulasi Vs ITO case.

Service Tax on services in relation to manufacture & sale of beer: CESTAT Ruling

March 22, 2024 402 Views 0 comment Print

Explore the CESTAT ruling in Winsome Breweries Ltd vs Commissioner case regarding service tax implications on beer manufacturing services provided to United Breweries Limited (UBL).

Extended Limitation Period Inapplicable without Intent to evade Service Tax

March 22, 2024 483 Views 0 comment Print

Delve into the analysis of Rajasthan State Road Transport Corporation vs Joint Commissioner of Central Excise And Service Tax (CESTAT Delhi). Understand the implications of extended period limitations and intent to evade duty in tax cases.

Andhra Pradesh HC Denies Police Custody in Rs. 8 Crore GST Scam Case

March 22, 2024 423 Views 0 comment Print

Read the detailed judgment of Andhra Pradesh High Court dismissing a petition seeking police custody for a TDP leader’s son in an Rs. 8 crore GST-ITC scam case.

Section 263 Assessment: AO Obliged to Apply Mind & Pass Reasoned Order

March 22, 2024 1053 Views 0 comment Print

The computation of income by AO giving effect to CIT’s direction was an assessment order which was appealable. The order passed by CIT(A), therefore, holding the assessment order to be not appealable was incorrect in law.

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