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Judiciary

Conversion of firm to company for consideration of paid up share capital doesn’t amount to transfer

September 26, 2023 1791 Views 0 comment Print

ITAT Ahmedabad held that Sale/ conversion of business of assessee-firm as a going concern to company for consideration of paid up share capital does not amount to transfer liable to tax as capital gains.

Penalty order quashed due to insufficient service of notice

September 26, 2023 1029 Views 0 comment Print

ITAT Delhi quashed the penalty order passed under section 271(1)(b) of the Income Tax Act as service of notice by way of affixture on the Assessee cannot be construed as sufficient Service of Notice.

‘Deficiency in service’ and ‘unfair trade practice’ both established if party take a step back from its stated position to Consumer

September 26, 2023 774 Views 0 comment Print

In present facts of the case, the Revision Petition was filed under section 21 of the Consumer Protection Act, 1986 which assails order dated 06.02.2015 of the State Consumer Disputes Redressal Commission, Uttar Pradesh, Lucknow.

NCDRC it is not required to re-assess & re-appreciate evidence on record when findings of lower fora are concurrent on facts

September 26, 2023 537 Views 0 comment Print

In present facts of the case, the revision petition was filed under section 21 (b) of the Consumer Protection Act, 1986 assailing the order dated 11.08.2017 of the State Consumer Disputes Redressal Commission, Pandri, Raipur.

SC upheld Settlement Commission order granting penalty & prosecution immunity

September 26, 2023 1023 Views 0 comment Print

Supreme Court upheld an order by Settlement Commission granting immunity from penalty and prosecution, emphasizing importance of full disclosure and cooperation.

Credit Validity Upheld Despite TRAN-1 Filing Errors Twice

September 26, 2023 1281 Views 0 comment Print

In a recent case, the Madras High Court ruled that validly availed credit cannot be denied, even if there were mistakes in TRAN-1 returns filed twice. Get insights into the judgment here

Delay Due to Writ Petition Shouldn’t GST Appeal before appellate forum

September 26, 2023 684 Views 0 comment Print

Explore the case of Amba Shakti Udyog Ltd. vs. State of Madhya Pradesh. Delve into the importance of timely appeals under Section 107 of the GST Act and the role of delay condonation.

Goods & Conveyance Detention: Vehicle Parked for Loading- HC directs reconsidereation

September 26, 2023 429 Views 0 comment Print

Analysis of Salim Mohammad vs. Assistant Commissioner of Revenue case. Calcutta High Court remands GST penalty case for reconsideration, citing issues with interpretation. Explore the details.

Orders without application of mind: HC Directs NFAC to pass denovo orders

September 26, 2023 831 Views 0 comment Print

Analysis of Mohler Machine Works Pvt. Ltd. vs. PCIT case. Madras High Court sets aside order by NFAC and PCIT, citing lack of clear findings and directs reassessment. Explore the details.

LIC Commission – Business or Other Sources & Allowability of expenses?

September 26, 2023 4479 Views 0 comment Print

Analysis of Purushottam Sharma vs. DCIT (ITAT Jodhpur) case. Is income from LIC commission considered business income or other sources? Explore the legal arguments and conclusions.

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