The Kerala High Court ruled that gains from selling property should be considered capital gains and are taxable under the Income Tax Act. The court addressed the issue of whether…
24/07/20241 min read
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The Kerala High Court ruled that gains from selling property should be considered capital gains and are taxable under the Income Tax Act. The court addressed the issue of whether…
The Bombay High Court ruled that the retrospective application of "built-up area" in property disputes is permissible under specific circumstances. The case involved an appeal…
In a recent case, the Himachal Pradesh State Commission dismissed a complaint against a Toyota dealer. The complainant alleged a manufacturing defect in their vehicle, but the…
A recent Maharashtra RERA Real Estate Regulatory Authority decision requires a builder to partially refund a homebuyer who was denied possession of their property. The builder…
In a case before the Madhya Pradesh State Commission, ICICI Lombard General Insurance Company was found liable for unfairly denying a claim. The dispute arose when the insurance…
The Madhya Pradesh High Court ruled on the use of Article 226 of the Constitution to address FIR registration issues. The court emphasized that writ petitions under Article 226…
The Patna High Court has invalidated a Bihar government notification that unfairly differentiated between judicial officers and government employees regarding increment payments.…
The Madras High Court has directed Tamil Nadu Chief Minister M.K. Stalin and other ministers to visit Kalvarayan Hills to address the aftermath of the Kallakurichi hooch tragedy.…
The Punjab and Haryana High Court addressed the interpretation of Section 84 of the Prevention of Money Laundering Act PMLA , focusing on the attachment of properties linked to…
The Punjab and Haryana High Court has ruled that while an accused must join the investigation under the Prevention of Money Laundering Act PMLA , they cannot be forced to make…
The Delhi High Court has issued an interim injunction to restrain Friends Inc. from using the "Peter England" trademark. The order was passed in favor of the plaintiff, Peter…
The Karnataka High Court granted an opportunity for a hearing to a petitioner who argued that their duly acknowledged reply to a GST show cause notice SCN was not considered. The…
In a recent ruling, the CESTAT granted Cenvat credit to cement manufacturers for the purchase of welding electrodes used in machinery repair and maintenance. The tribunal…
The Andhra Pradesh High Court recently quashed GST demand orders due to a breach of natural justice. The court found that the tax authorities had not provided the affected parties…
The Budget 2024-25 introduces a one-month grace period for penalties related to late filing of Tax Deducted at Source TDS and Tax Collected at Source TCS statements, effective…
In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman proposed a new block assessment scheme specifically for cases arising from search operations. This scheme is…
The Supreme Court ruled that customs duty must be paid by the owner along with interest on confiscated goods, even if a redemption fine has been paid. This decision clarified that…
The Andhra Pradesh High Court has ruled that a company undergoing liquidation is allowed to exclude miscellaneous expenses from its GST accounts. This decision clarifies that such…
The Bombay High Court dismissed an income tax appeal due to insufficient evidence. The appellant had challenged the Assessing Officer's addition to income, but the court found…
The Budget 2024-25 introduces significant changes to the National Pension System NPS . Key updates include the increase in the tax-exempt contribution limit from ₹2 lakh to ₹5…
The Karnataka High Court has clarified that the liability to pay GST and service tax lies with the official liquidator of a company under liquidation. The court ruled that the…
The Andhra Pradesh High Court has approved the audit fees and GST payments for Chartered Accountants CAs in relation to half-yearly accounts and auditor reports. This decision…
The Karnataka High Court has annulled GST notices issued to a non-existent entity, ruling that the proceedings against the company were invalid. The court found that the GST…
The Income Tax Appellate Tribunal ITAT has ruled that an Assessing Officer AO must forward a draft assessment order to the assessee under Section 144C of the Income Tax Act if…
The Karnataka High Court has ordered the refund of Earnest Money Deposit EMD to a tenderer after the condition in the tender document required GST payment. The court found this…
The Supreme Court of India has revised its working hours, now operating from 10 AM to 5 PM. This decision aims to enhance efficiency and accommodate the court's workload better.…
The Budget 2024-25 proposes an increase in the monetary limits for filing tax appeals. The new limits for direct tax appeals before the Income Tax Appellate Tribunal ITAT will be…
The Budget 2024-25 proposes eliminating the 20% TDS Tax Deducted at Source rate on repurchases by mutual funds and Unit Trust of India UTI . Previously, investors faced this rate…
Section 74A of the Goods and Services Tax GST Act introduces significant changes to the adjudication process by merging Sections 73 and 74. This new section aims to streamline the…
The Union Budget for 2024-25 proposes an amendment to Section 171 of the GST Act, shifting the adjudication of anti-profiteering cases from the National Anti-Profiteering…
Finance Minister Nirmala Sitharaman's bill proposes a restructured customs duty framework to bolster the domestic industry. The legislation aims to enhance local manufacturing by…
The Bombay High Court has granted leave to appeal in a cheque dishonor case under the Negotiable Instruments Act, considering the justification of the applicant’s absence due to…
The Bombay High Court ruled that the validity of a notice under Section 148 of the Income Tax Act must be assessed based on the legal framework in place on the date of issuance.…
The Karnataka High Court has remanded a case concerning the segregation of input services between dutiable goods and exempted services for service tax. The court found that the…
In the 2024-25 Union Budget, Finance Minister Nirmala Sitharaman introduced measures to limit the reopening of old income tax returns. The new rules restrict the tax authorities'…
The Orissa High Court has mandated the re-evaluation of time-barred GST appeals following a recent government notification. This directive aligns with Notification No. 53/2023,…
The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, emphasizes infrastructure development with an allocation of ₹11.1 lakh crore for capital expenditure,…
The 2024-25 budget amends the Prohibition of Benami Property Transactions Act, 1988, by introducing a maximum three-month response time for benamidars or beneficial owners to…
Finance Minister Nirmala Sitharaman announced in Budget 2024-25 that starting October 1, 2024, quoting Aadhaar Enrolment ID will be discontinued in place of Aadhaar numbers in PAN…
The Budget 2024-25 introduced amendments to Sections 245Q and 245R related to advance rulings. Key changes include a reduction in the timeline for disposing of advance rulings…
The 2024-25 budget introduces enhanced powers for Commissioners Appeals to tackle appeal pendency starting October 2024. Under section 251 of the Act, Commissioners Appeals can…
The amendment to Section 80G of the Income Tax Act will allow deductions for donations to the National Sports Development Fund, starting April 1, 2025. This amendment, proposed in…
The Budget 2024 introduces a six-year limit on filing correction statements for Tax Deducted at Source TDS and Tax Collected at Source TCS . Currently, there's no time limit for…
The ITAT has ruled that the benefit of indexation for capital gains tax purposes is based on the cost of acquisition of the property sold by the taxpayer. Indexation allows…
The Madhya Pradesh High Court denied the CBI investigation request for a fake police encounter case involving alleged extrajudicial killings. The court determined that the case…
The Indian stock market showed mixed performance today. The BSE Sensex gained 250 points, reaching 67,500, driven by gains in major sectors like IT and pharmaceuticals. The NSE…
The Delhi High Court has mandated that each district in Delhi establish office spaces and e-libraries for public prosecutors. This initiative aims to enhance the working…
The Kerala High Court recently ruled that the gain from selling a property must be treated as capital gains under the Income Tax Act. The case concerned an individual's sale of…
In a recent judgment, the Calcutta High Court emphasized that trial courts should not issue arrest warrants mechanically without proper consideration of the facts and…
The Bombay High Court recently denied a plea to quash an FIR related to the illegal export of a banned product under the NDPS Act. The case involved allegations against a company…
The Kerala High Court ruled that gains from selling property should be considered capital gains and are taxable under the Income Tax Act. The court addressed the issue of whether…
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