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Operational Creditor’s CIRP Petition Was to Be Rejected Due to Non-Compliance With Demand Notice Rules | NCLT
Case Details: Tata International Ltd. v. Trident Sugars Ltd. - [2024] 158 taxmann.com 287 (NCLT - Hyd.)[31-08-2023] Judiciary and Counsel Details Dr. Venkata Ramakrishna Badarinath Nandula, Judicial Member & Charan Singh, Technical Member Y. Suryanarayana Ld. Counsel & Mrs Mano Ranjani, Adv. for the Petitioner. Sri. P. Sri Raghuram, Ld. Sr. Counsel & P. Sastry, Adv. for the Respondent. Facts […]
HC Set Aside Order as Reply to SCN Wasn’t Considered by AO Before Passing Demand Order
Case Details: MakeMyTrip (India) (P.) Ltd. v. State Tax Officer - [2024] 158 taxmann.com 492 (Madras) Judiciary and Counsel Details Senthilkumar Ramamoorthy, J. Harish Bindumadhavan for the Petitioner. V. Prashanth Kiran for the Respondent. Facts of the Case The petitioner (MakeMyTrip) was an intermediary providing services in relation to hotel accommodation. The department issued show cause notice […]
[Analysis] Section 80G Deductions for Donations to Shri Ram Mandir – Eligibility | Limits | Compliance
Table of Contents Who is eligible to claim a deduction for the amounts donated to the Shri Ram Trust? How much deduction can be claimed for the amount donated to the Shri Ram Trust? Is there a deadline for donating to the Shri Ram Trust and claiming a deduction? How will I obtain the donation […]
Presentation of CSR Expenditure By a Corporation Should Not Be Through P&L Appropriation A/c
A corporation satisfies the criteria of eligibility for Corporate Social Responsibility and Sustainability Development expenditure (CSR expenditure) given in the Department of Public Enterprises (DPE) Guidelines The management of the corporation has appropriated CSR expenditure out of profits through the Profit and Loss Appropriation Account. The contention of management for appropriating CSR expenditure from the […]
No GST Exemption on Services Provided in Relation to Grant or Renewal of Affiliation of Colleges By University | HC
Case Details: Sree Ramu College of Arts and Science v. Authority for Clarification and Advance Ruling - [2024] 158 taxmann.com 417 (Madras) Judiciary and Counsel Details C. Saravanan, J. N. Prasad for the Petitioner. Haja Nazirudeen, M. Venkateswaran, P. Haribabu, V. Sundareswaran & K. Shakespeare for the Respondent. Facts of the Case The assessee was an educational institution affiliated to Bharathiar […]
HC Directs AO to Recall Order Blocking ITC as Supplier’s Change of Address Was Approved By GSTN
Case Details: Amarnath Trading Co. v. State of U.P. - [2024] 158 taxmann.com 383 (Allahabad) Judiciary and Counsel Details Saumitra Dayal Singh & Manjive Shukla, JJ Praveen Kumar for the Petitioner. C.S.C. for the Respondent. Facts of the Case The petitioner was a registered dealer and the department blocked ITC of petitioner on ground that ITC was […]
HC Directs Investigating Agency to Conclude Investigation Expeditiously in Case of Misuse of DSC for Filing GST Return
Case Details: Sauryajyoti Renewables (P.) Ltd. v. State of West Bengal - [2024] 158 taxmann.com 359 (Calcutta) Judiciary and Counsel Details Jay Sengupta, J. Arundhati Banerjee, Kaustav Banerjee & Ms Ria Kundu for the Petitioner. Somnath Ganguli, Balarko Sen & Sukalpa Seal for the Respondent. Facts of the Case The petitioner had engaged a person to look after its accounts who […]
Every ‘Interlocutory Application’ Filed for Scrutiny of Information or Reference Shall Be Registered & Numbered | CCI
Notification No. No. L-3(2)/ Regl. -Gen. (Amdt.)/2024/ CCI, Dated 12.01.2024 The CCI has notified amendments to the CCI (General) Regulations, 2009. A new sub-regulation in regulation 15 i.e., Procedure for scrutiny of information or reference has been inserted. As per the newly introduced norms, every Interlocutory Application filed in a case shall be registered & […]
NFRA Releases Its 2022-23 Annual Report, Highlighting Key Achievements & Interactions With Stakeholders
National Financial Reporting Authority (NFRA) being the India’s first independent regulator for auditing and accounting , dedicated to safeguarding public interest, along with the interests of investors, creditors, and other stakeholders affiliated with companies or bodies corporate, has released its annual report for the year 2022-2023. This annual report is divided into 5 chapters as […]
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