Bombay High Court held that it is well settled that it is not appropriate for a Court to hold a mini-trial at the stage of grant of temporary injunction
ITAT Mumbai held that consideration for sale distribution or exhibition of cinematographic films would not fall under the domain of “Royalty” and accordingly TDS not deductible on the same.
Delhi High Court held that investigation for a period beyond 365 days not resulting in any proceedings relating to any offence under the Act, in terms of Section 8(3) of the PMLA Act, is that such seizure lapses. Thus, property so seized directed to be released.
Read about case of Thiruvanmiyur Milk Consumer’s Co-operative Society Limited challenging assessment orders due to incorrect PAN categorization. High Court quashed orders and directed society to file returns electronically with corrected PAN.
ITAT Mumbai held that as ownership of property lies with the developer on the day of ‘agreement of sale’, sale consideration is taxable under capital gains in the hand of developer and not in the hands of assessee.
ITAT Mumbai held that determination of Annual Let Out Value (ALV) of unsold flats held as stock-in-trade is not sustainable in law. Accordingly, addition of ALV of unsold flats deleted.
Explore the Patna High Court’s ruling on reassessment orders by the State of Bihar, highlighting limitations under the VAT Act and the implications for Birla Corporation Ltd.
Duxton Hills Builders vs ACIT – ITAT Delhi rules on short-term capital loss. Transaction on Bombay Stock Exchange with STT deemed genuine, not sham or bogus.
Allahabad High Court upholds penalty on Hindustan Petroleum Corp. for failure to prove bonafide intention in misrepresented goods purchase under Sales Tax Act. Detailed analysis of the judgment.
Read the full judgment of the Kerala High Court in the Sreeranj vs State of Kerala case, highlighting the importance of groundwater vulnerability, regulations for sustainability, and the need for careful consideration for future generations.
