Judgement:- The Income Tax Appellate Tribunal (ITAT) deleted the addition confirmed by the Lower Authorities without pointing any defect in the bank transfer and bank statement of the moneylender. Facts of the case:- The Assessee, M/s. Aarya Organic Foods & Ayurvedic Industries Pvt. Ltd. is a …
Judgement:- The Income Tax Appellate Tribunal (ITAT) Bangalore, held that the gain on sale of land is to be regarded as income under the head “capital gain” and is therefore entitled to all the deductions permissible while computing income under the head “Capital Gain”. Facts of …
Judgement:- The Kerala High Court ruled that the writ court cannot be approached in Goods detention cases if effective alternative remedies of provisional clearance and appeal are available. Facts of the case:- The petitioner, Podaran Foods India Private Limited filed the writ petitions challenging detention orders …
The Institute of Company Secretaries of India (ICSI) implemented its New Training Structure on 3rd February 2021, as per Regulation 46BA and 46BB under The Company Secretaries (Amendment) Regulations, 2020. The new training structure will harness the soft skills and develop the core competencies of students, …
1. The government issued the corrigendum regarding Basic Custom duty (BCD) on various goods for cellular mobile phones. 2. The government issued a corrigendum in respect of the notification No. 02/2021-Customs, dated 1 February 2021, which seeks to amend S notification No. 50/2017-Customs dated 30th June, …
Judgement:- The National Consumers Disputes Redressal Commission (NCDRC) ordered 3-years jail to Builder for not refunding money on time to unhappy customers. Facts of the case: The Builder, M/s Parsvnath Developers Ltd. has not given possession of the subject flats to the complainants and they have …
1. The Central Bureau of Investigation has today filed a charge sheet before Special Judge for CBI Cases, Mumbai against 24 accused including a private company based at Mumbai; its Director; Chartered Accountant; then officials of Indian Overseas Bank; Directors/ proprietor of associated companies/firms etc for …
Judgement:- The Delhi High Court restrained the Solar Energy Corporation of India (SECI) from invoking bank guarantees furnished by Solar Energy Developer. Facts of the case:- The dispute between Petitioner, Solar Energy Developer and SECI was regarding the delay in commissioning of solar power project caused …
1. The Ministry of Finance has extended the deadline for making a declaration under Vivad Se Vishwas Scheme till 31′ January 2021 from 31st December 2020. The date for the passing of orders under Vivad Se Vishwas Scheme, which are required to be passed by 30th …