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Exim Incorporation Vs Union of India & Others
Bombay High Court: Exim Corporation Vs Union of India & Ors Bombay High Court Date-09th December,2020 Sub:Detention of goods without issuing show cause notice u/s 124 of Customs Act and without effective seizure u/s 110 of the said Act - difference between “detention” and “seizure” explained- goods ordered to be released. The Bombay High court in the above… Read More ...
Rational Handloom Co. Pvt. Ltd.
ITAT Mumbai D Bench: Book profit adjustment u/s. 115JB - difference in depreciation - exclusion of amount credited in P/L account under the head “Earlier years adjustment- Difference in depreciation provision" while determining book profit – HELD THAT: - Identical issue considered in the case of ACIT Vs. Srinivas Synthetics Packers (P) Ltd. [2008 (9) TMI 446 -ITAT AGRA].… Read More ...
Skill Lotto Solutions Private Limited Vs Union of India & Ors
Supreme Court of India: SKILL LOTTO SOLUTIONS PVT. LTD. Vs UNION OF INDIA & ORS. ...RESPONDENTS Date of Judgement-03rd December,2020 Supreme Court of India Sub-Whether lottery, betting and gambling are liable to GST? The Apex court today in a landmark judgement clarified in detail the definition of goods and actionable claims under the GST Act and held that the… Read More ...
Sandeep Dwellers Private Limited Vs The State of Maharashtra & Ors
Bombay High Court- Nagpur Bench : Sandeep Dwellers Private Limited Bombay High Court-Nagpur Bench Date of Judgement -01/12/2020 Sub:Houses developed under the Affordable Housing scheme where the Maharashtra housing Development authority(MHADA) was obliged to purchase or auction- notification issued withdrawing the obligation to purchase-whether retrospective or prospective. This is one of the cases where Real Estate Industry which is saddled with… Read More ...
The State of Jharkhand & Ors Vs Brahmaputra Metallics Limited, Ranchi
Supreme Court : The State of Jharkhand & Ors Vs Brahmaputra Metallics Limited, Ranchi Forum-Supreme Court of India Civil Appeal No 3860-62 of 2020 Date-01/12/2020 Sub: Electricity duty which was promised to be charged at 50% of the normal rate for industries set up in terms of Industrial Policy, delay in issuing notification by more than 3 years-… Read More ...
CIT Versus NALWA INVESTMENTS LTD (Delhi High Court) [TS-390-HC-2020(DEL)]/ [2020] 118 taxmann.com 278 (Delhi) / (2020) 427 ITR 229 (Del)
DELHI HIGH COURT : Receipt of shares of amalgamated company by the shareholders of amalgamating company in lieu of their shareholding in amalgamating company is transfer within the meaning of section 2(47) and 45 of Income Tax Act,1961. If on the date of amalgamation, the shareholders of amalgamating company held those shares as capital asset, such transfer would be… Read More ...
Shri Vijay Kumar Wanchoo v. ITO Ward 2(5), NOIDA, UP
ITAT Delhi Benches 'SMC 2': Where the assessee sold in AY 2009-10 by two different registered transfer deeds, two flats which were used as residence by amalgamating both into one single unit and invested the capital gains in one new residential house, exemption u/s 54 could not be denied. Relying on ITAT Mumbai's order in DCIT v. Ranjit Vithaldas in… Read More ...
Parle International Limited Vs Union of India & Ors
Bombay High Court : Parle International Limited Vs Union of India WritPetition No 12904 of 2019 Bombay High court Date-26/11/2020 Sub: Delayed adjudication of the show-cause notices after 13 years would not be just, proper and legal? The Bombay high court in the above case dealing with an order in original which was passed in the year 2019 in… Read More ...
Ms Kangana Ranaut Vs Municipal Corporation of Greater Mumbai(MCGM)
Bombay High Court : Ms Kangana Ranaut Vs Municipal Corporation of Greater Mumbai (MCGM) Date -27/11/2020 Sub:Malafide, malice in law and malice in fact explained. Bombay High Court A classic case where the MCGM was bowled out on several ocassions with false affidavit by its officer who authorised demolition at the bungalow of Kangana Ranaut. This judgement in details… Read More ...
Madras Bar Association Vs Union of India & Another
Supreme Court of India: Landmark Ruling of the Apex Court today on 27-11-2020 in the case of Madras Bar Association Vs Union of India & Another which will directly affect the functioning of the following Tribunals:- * Industrial Tribunal constituted by the Central Government * Income-Tax Appellate Tribunal * Customs, Excise and Service Tax Appellate Tribunal * Appellate Tribunal.… Read More ...