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Blog, News, Insolvency and Bankruptcy Code

September 25, 2024

HC Quashes Pre-Insolvency Dues Claim | Orders Power-Co. to Provide New Electricity Connection for Petitioner

Case Details: Reliance Infratel Ltd. … Continue reading “HC Quashes Pre-Insolvency Dues Claim | Orders Power-Co. to Provide New Electricity Connection for Petitioner”

Blog, News, Company Law

September 25, 2024

93% of 1 Crore F&O Traders Saw Rs. 2L Avg Loss, While Top 3.5% Faced Rs. 28L Avg Loss From FY22-FY24, Incl. Costs | SEBI

PR No.22/2024, Dated: 23.09.2024 SEBI’s … Continue reading “93% of 1 Crore F&O Traders Saw Rs. 2L Avg Loss, While Top 3.5% Faced Rs. 28L Avg Loss From FY22-FY24, Incl. Costs | SEBI”

Blog, News, Income Tax

September 25, 2024

[Opinion] Section 43B(h) Is Not Sacrosanct as It Does Not Consider Trade Terms

Dr (CA) Hemant O Sharma … Continue reading “[Opinion] Section 43B(h) Is Not Sacrosanct as It Does Not Consider Trade Terms”

Blog, News, GST & Customs

September 25, 2024

HC Sets Aside Order Confirming Demand as SCN Didn’t Specify Date, Time, and Venue for Personal Hearing

Case Details: Phuljhora Agro Plantation … Continue reading “HC Sets Aside Order Confirming Demand as SCN Didn’t Specify Date, Time, and Venue for Personal Hearing”

News, Blog, GST & Customs

September 25, 2024

HC Grants Interim Protection to Assessee as Notification Extending Time Limit for Passing Order Lacks GST Council’s Approval

Case Details: Pallab Kumar Pandit … Continue reading “HC Grants Interim Protection to Assessee as Notification Extending Time Limit for Passing Order Lacks GST Council’s Approval”

Blog, News, Income Tax

September 25, 2024

Release of Rights in Co-Owned Property to Be Considered as Transfer on Date of Release Deed | ITAT

Case Details: Narendra Mahendra Kothari … Continue reading “Release of Rights in Co-Owned Property to Be Considered as Transfer on Date of Release Deed | ITAT”

Blog, News, GST & Customs

September 25, 2024

HC Remanded Matter as Lower Authority Passed Ex-Parte Order and SCN Wasn’t Contested by Assessee

Case Details: IL and FS … Continue reading “HC Remanded Matter as Lower Authority Passed Ex-Parte Order and SCN Wasn’t Contested by Assessee”

Blog, News, GST & Customs

September 25, 2024

Appeal Against Penalty Can’t Be Rejected Merely Because Tax Wasn’t Challenged | HC

Case Details: Aatral Associates v. … Continue reading “Appeal Against Penalty Can’t Be Rejected Merely Because Tax Wasn’t Challenged | HC”

Blog, News, Income Tax

September 24, 2024

No Reassessment to Disallow Bogus Purchases if Tax Payable on Same Was Less Than Tax Paid Under Section 115JB

Case Details: Adani Wilmar Ltd. … Continue reading “No Reassessment to Disallow Bogus Purchases if Tax Payable on Same Was Less Than Tax Paid Under Section 115JB”

News, Blog, Insolvency and Bankruptcy Code

September 24, 2024

NCLAT Upholds Plea u/s 95 as Timely Filed Due to Debt Acknowledgment and SC’s Exclusion of COVID Period

Case Details: Jagdishchandra Mansukhani v. … Continue reading “NCLAT Upholds Plea u/s 95 as Timely Filed Due to Debt Acknowledgment and SC’s Exclusion of COVID Period”