Telangana High court: The Sirpur Paper Mills Limited & Another Vs Union of India & Two others Date- 18th January 2022 Forum-Telangana High court Sub-Whether notice u/s 143(2)/142(1) of the Income-tax Act ,1961 for the period before the order of the NCLT passing the resolution plan is valid even when a revised return is filed subsequently after the… Read More ...

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Delhi High Court: *Mohit Bansal Vs The Institute of Chartered accountants of India* *Forum-Delhi High Court* *Date- 21st January 2022* *Sub-Whether a Chartered accountant who has committed an offence under IPC 354 , 506-II relating to outraging modesty of a woman prior to his being enrolled as a member of the Institute can be disqualified by the Institute… Read More ...

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Supreme Court of India : *State of Gujarat Vs Arcelor Mittal Nippon Steel India Limited* *Forum-Supreme Court of India* *Date-21st January 2022* *Sub-Whether exemption for payment of purchase tax on purchase of Naptha and Natural gas to be used by Steel making unit can be allowed even when the said raw materials are used not directly but indirectly.* The Supreme… Read More ...

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Calcutta High Court : Haldia Steels Pvt Limited Vs Union of India & Ors Forum- Calcutta High Court Date-17th January 2022 Sub-Whether the revenue is bound to produce record of service of show cause notices and draft assessment order and whether the court can take adverse view in case of non production of record of service. In an interesting… Read More ...

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District Consumer forum Srinagar: Credit card online transaction failed. Credit card issued by Jammu and Kashmir bank denied transaction. Court ordered 40000 as compensation to complaint. Read More ...

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Calcutta High Court : S. 148 : Reassessment – Notice-Constitutional validity – The delegation authorized being only for the purpose of enlarging limitation under a valid law, such delegation could not be exercised to resurrect the provision of law that stood omitted from the statute book by virtue of its substitution made by the Finance Act, 2021, w.e.f. 01.04.2021… Read More ...

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Delhi High Court: *Bharat Aluminium Co Ltd Vs Union of India & Ors* *Forum Delhi High Court* *Date 14th January 2022* *Sub-Whether the requirement of giving opportunity of personal hearing while passing an assessment order u/s 144B is mandatory or directory and whether not granting the opportunity amounts to violation of principles of natural justice.* The Delhi High… Read More ...

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Bombay High Court : S. 147 : Reassessment-Capital gains-Penny stock alternative remedy-Reassessment notice was held to be valid. [S. 45, 142(1), 148, Art. 226] Reassessment notice was issued for verifying the exemption claimed in respect of penny stock on the basis of information received. The objection of the assessee was rejected by the Assessing Officer. On writ dismissing the… Read More ...

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Bombay High Court : S. 147 : Reassessment-Reasons recorded-Sanction-Non-application of mind-Strictures-CBDT to formulate a Scheme to train officers for recording reasons-Commissioners to not to grant sanction in a mechanical manner-Reassessment proceedings quashed. [S. 148, 151, Art. 226] Allowing the writ petition the Court held that where the recorded reasons suggested that the assessee received bogus accommodation entries from itself,… Read More ...

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Calcutta High Court, Divission Bench: Completion of Faceless Assessment before crossing its time lime is not sustainable and it is in Violation of Principles of Natural Justice. Read More ...

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