Statutory set off or insolvency set off was not applicable to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC).
Supreme Court held that contract involving hiring of motor vehicles/ cranes, without transfer of right to use, is not covered by provisions of Sales Tax Act or the VAT Act.
Gujarat High Court held that charge in favour of secured creditor would precede over the unsecured creditor. Thus, secured creditor will have first charge over the property as against State Government (crowns debt).
Smt Gali Lavanya challenges tax order in Andhra Pradesh HC. Court deems writ petition not maintainable due to available appeal. In-depth analysis and directives.
Delhi High Court examines GST registration cancellation with retrospective effect. Non-filing of returns analyzed. In-depth judgment analysis and directives.
The issue of vehicle including Haulpak Dumpers, Water Sprinklers, Excavators, Dozers, Drillers, etc., were substantial in size and incapable of plying on roads was taxable or not depends upon the test as to whether the vehicle was proposed to be used for transporting goods from one place to another.
CESTAT Delhi held that attempt to smuggle gold by breaching the condition for import makes it a prohibited goods. Accordingly, such prohibited goods cannot be allowed to be redeemed on payment of redemption fine or cannot be permitted for re-export. Hence, such prohibited goods is liable for absolute confiscation.
Mumbai ITAT rules in favor of assessee in residential status dispute. Case details of ACIT vs. Nishant Kanodia for AY 2013-14. Complete analysis and judgment.
Delhi High Court’s judgment on GST registration cancellation with retrospective effect in case of Sharda Metal Works. Learn about legal intricacies and implications.
CAAR Delhi rules on Perfect Trading Co.’s classification of Roasted Areca/Betel Nuts under CTH 20081920, affirming reliance on HSN Explanatory Notes and recent judicial precedents, setting a significant benchmark for customs classification.
