Income Tax Department conducts search operations in Mumbai
Details : Publish Date : Wednesday, January 10, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1174/PressRelease-ITD-conducts-search-operations-in-Mumbai-11-1-24.pdf source
SC Granted an Interim Stay on HC’s Order that Sec. 292B Can’t Rectify Error of Failure to Mention DIN in Order
Case Details: Commissioner of Income-tax v. Brandix Mauritius Holdings Ltd. – [2024] 158 taxmann.com 247 (SC) Judiciary and Counsel Details Mrs B.v. Nagarathna & Augustine George Masih, JJ. N. Venkatraman, A.S.G. Rupesh Kumar, Udai Khanna, Prashant Singh Ii, Rajeev Ranjan, Akshit Pradhan, Sarthak Karol, Pramod Kumar, Advs. & Raj Bahadur Yadav, AOR for the Petitioner. Ajay Vohra, Sr. Adv. Divyanshu Agrawal, Ms Pooja Mittal, Ms Sanyogita […]
[Opinion] RERA Decree: “NO” VIP Status Under IBC
Nipun Singhvi, Pranjul Chopra & Ankur Jain – [2024] 158 taxmann.com 205 (Article) Introduction In a landmark judgment, the Supreme Court of India has recently brought clarity to a longstanding debate concerning the position of home buyers in real estate projects within the ambit of the Insolvency and Bankruptcy Code, 2016 (hereinafter ‘Code, 2016’). The […]
Income Tax Department conducts search operations in Odisha, Jharkhand and West Bengal
Details : Publish Date : Thursday, December 21, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1171/PressRelease-ITD-conducts-search-operations-in-Odisha-Jharkhand-and-West-Bengal-21-12-23.pdf source
SC Upholds HC’s Bail Cancellation If Cheque Amount is Not Paid to Creditor, Imposes Rs. 5 Lakhs Cost
Case Details: Satish P. Bhatt v. State of Maharashtra – [2024] 158 taxmann.com 139 (SC) Judiciary and Counsel Details Vikram Nath & Rajesh Bindal, JJ. Facts of the Case The facts in the instant case reveal a scenario characterized by a consistent neglect of court directives and a casual attitude towards legal and financial obligations. […]
[Opinion] Need of Discounting Security Deposits & Retention Money As Per Ind AS 109, Concept Where & Reasons for Exemption
CA Bharat Sonkhiya, CA Vikash Maharshi & Manan Khandelwal – [2024] 158 taxmann.com 152 (Article) Introduction Before discussing on the Topic, firstly we should understand the term ‘Discounting’. Is dollar received today is worth more than a dollar received in the future, the answer is Yes and it is due to the Time Value of […]
CBDT issues guidelines under section 194-O of the Income-tax Act, 1961
Publish Date : Thursday, December 28, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1172/Press-Release-CBDT-issues-guidelines-194-O-of-the-Income-tax-Act-1961.pdf source
Properties Auctioned Under SARFAESI Before IBC Moratorium aren’t Liquidation Assets for Insolvent Debtors | SC
Case Details: Haldiram Incorporation (P.) Ltd. v. Amrit Hatcheries (P.) Ltd. – [2024] 158 taxmann.com 110(SC) (06.12.2023) Judiciary and Counsel Details Aniruddha Bose & Vikram Nath, JJ. Facts of the Case In the instant case, the appellant was the purchaser in an auction sale of certain properties of a defaulting borrower. A sale certificate was […]
Demand for Interest on Delayed Payments During Period of GSTIN Cancellation Was Inequitable & Liable to Be Set Aside | HC
Case Details: Hilton Garden INN v. Commissioner of Kerala Goods & Service tax – [2024] 158 taxmann.com 93 (Kerala) Judiciary and Counsel Details Dinesh Kumar Singh, J. Anil D. Nair, Telma Raju & Aaditya Nair, Advs. for the Petitioner. Sreelal N. Warrier for the Respondent. Facts of the Case The petitioner remitted the GST for the month of July, […]
Guidelines under sub-section (4) of section 194-O of the Income-tax Act 1961
Publish Date : Thursday, December 28, 2023 source