Judgements Uploaded By Users In Category: Other Laws
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The Supreme Court of India has held that Assistant Commissioner of Income-tax (Exemptions) Vs Ahmedabad Urban Development Authority (Supreme Court) Date-19th October 2022 Sub-What is the meaning of the Object of General Public Utility(GPU) in Section 2(15) of the Income-tax Act,1961 and when that object of GPU gets converted into trade, commerce or business so as to attract the limits laid down in… Read More ...
The SupremeCourt of India has held that Deputy Commissioner of Gift-tax, Central Circle - II Vs M/s BPL Limited (Supreme Court) Date-13th October 2022 Sub- Whether promoters shares which are locked in, when gifted have to be treated as quoted or unquoted shares for the purpose of valuing the gift for taxability under the Gift-tax Act, 1958? An interesting question arose in… Read More ...
The Supreme Court of India has held that The State of Madhya Pradesh and another Vs Commercial Engineers and body building company limited (Supreme Court) Date- 14th October 2022 Sub-When Writ petition under Article 226/227 of the Constitution of India can be entertained by Courts disregarding the statutory remedy available under the respective Act. The Supreme Court of India in this short judgement… Read More ...
The Supreme Court of India has held that M/s Thermax Limited Vs Commissioner of Central Excise, Pune(Supreme Court) Date-13th October 2022 Sub-Whether MVAC manufactured by the petitioner can be classified as Heat Pump to be eligible for concessional rate of duty in terms of exemption notification? Relevance of definition given in HSN, Market/common Parlance and Principal Purpose test explained. The Supreme Court in… Read More ...
The Supreme Court of India has held that HDFC Bank Limited & Ors Vs Union of India & Ors(Supreme Court) Date-30th September, 2022 Sub-Whether decision of Supreme Court can be questioned under Article 32 of the Constitution of India? Whether Right to information can be allowed to supersede Right to Privacy? This is one of those rarest of rare cases where the Supreme… Read More ...
The Calcutta High Court has held that Shree Hanuman Cotton Mills Ltd & Ors Vs Union of India & Ors(Calcutta High Court) Date -27th September, 2022 Sub- Whether property(proportionate to shareholding of a shareholder) belonging to a Company can be attached under the Prevention of Money Laundering Act(PMLA) when the shareholder of such a company is charged with commission of offence under… Read More ...
The Calcutta High Court has held that Pr Commissioner of Central Excise, Kolkata- IV Vs Himadri Speciality Chemicals Limited Date- 27th September,2022 Sub- Whether input credit of service tax against the commission paid to various service providers who are acting as commission agents can be availed under the Cenvat Credit Rules. The issue in this appeal was the eligibility of the respondent… Read More ...
The Supreme Court has held that M/s Munjal Showa Ltd Vs Union of India & Ors(Supreme Court) Date-23rd September, 2022 Sub-Whether extended period of limitation can be invoked where DEPB license on the basis of which import duty exemption was claimed were fake licenses? In this case, the division bench of Hon’ble Supreme Court was called upon to decide regarding the… Read More ...
The SUPREME COURT has held that Do not miss this case, if you ever thought of filing Writ under Article 226 of the Constitution 1.Assessing Officer passed the assessment order determining the tax liability along with interest and penalty under the MVAT Act and CST Act 2. Assessee preferred Writ before Hon. Bombay High Court which quashed the Assessment Order and… Read More ...
The Delhi high court has held that Ashish Agarwal Vs The Institute of Chartered Accountants of India(Delhi High Court) Date-01/09/2022 Sub-Whether complaint made against a Chartered accountant in respect of an alleged misconduct committed in audit of accounts for the year 2003-04 to 2007-08 is barred by limitation as per Rule Rule 12 of the Chartered Accountants (Procedure of Investigations of Professional… Read More ...