Creditor must have exclusive or sole first charge over property to enforce security interest u/s 52(1)(b) of IBC

Case details: Asset Reconstruction Company … Continue reading “Creditor must have exclusive or sole first charge over property to enforce security interest u/s 52(1)(b) of IBC”

HC rejects bail application of petitioner accused of availing benefit of ITC without supply of goods and services

Case Details: Santosh Kumar Gupta … Continue reading “HC rejects bail application of petitioner accused of availing benefit of ITC without supply of goods and services”

CCI takes suo moto action against anti-competitive conduct of ‘Goa Taxi Union’ towards app-based Taxi aggregators

Topics covered in this article … Continue reading “CCI takes suo moto action against anti-competitive conduct of ‘Goa Taxi Union’ towards app-based Taxi aggregators”

Consultancy fees paid for studying & preparing a strategy to reduce cost of production is eligible for deduction: HC

Case details: CIT v. Telco Construction … Continue reading “Consultancy fees paid for studying & preparing a strategy to reduce cost of production is eligible for deduction: HC”

Amendment by the Finance Act 2012, to include HUF within the scope of Section 54B (relief) of the Income Tax Act, 1961 is clarificatory in nature: ITAT

Case details: Shri Sitaram Pahariya (HUF) … Continue reading “Amendment by the Finance Act 2012, to include HUF within the scope of Section 54B (relief) of the Income Tax Act, 1961 is clarificatory in nature: ITAT”