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Highlights / Annotations / Catch Notes For August of 2020

Home Highlights August August 2020 Year 2020

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Showing 151 to 200 of 336 Records

August 20, 2020 Case Laws Insolvency and Bankruptcy AT

Corporate Insolvency Process Begins Over Unpaid Dues; Dispute Must Exist Before Demand Notice Receipt.
August 20, 2020 Case Laws Insolvency and Bankruptcy AT

Corporate Debtor's Insolvency Process Initiated; No Pre-Existing Dispute Found in Sky Forest Project Case.
August 20, 2020 Case Laws Insolvency and Bankruptcy AT

COC Can Replace Interim Resolution Professional in Later Meetings Without Giving Reasons, Per IBC Section 22(2).
August 20, 2020 Case Laws Indian Laws HC

Court Denies Bail to Accountant and Manager Accused of Service Tax Misappropriation and Forgery Due to Serious Offenses.
August 19, 2020 Case Laws GST HC

Court Rules No Prior Notice Needed for Bank Account Attachment to Protect Government Revenue.
August 19, 2020 Case Laws GST HC

High Court Upholds Concurrent Audit and Investigation u/s 67 of CGST Act; No Infirmity Found.
August 19, 2020 Case Laws Income Tax HC

Seized Documents Prevent Timely Tax Filing; No Intentional Evasion Found. Section 276(c)(c) Offense Not Applicable. Legal Abuse Cited.
August 19, 2020 Case Laws Income Tax AT

Expatriate salary tax deductions fall u/s 192, not Section 195, clarifies court in tax dispute.
August 19, 2020 Case Laws Income Tax AT

Draft Assessment Order u/s 144C Void Due to Issuance to Non-Existent Company Post-Merger.
August 19, 2020 Case Laws Income Tax AT

Pr. CIT invokes Section 263 to challenge AO's reassessment u/s 68, citing inadequate enquiry and incomplete fact collection.
August 19, 2020 Case Laws Income Tax AT

Section 68 Inquiry Unnecessary: No Unexplained Cash Credits Found, No Need to Examine Evidence for 28 Applicants.
August 19, 2020 Case Laws Income Tax AT

CIT(A) Removes Fee u/s 234E Due to Low Tax Effect Circular from CBDT, Binding on Revenue.
August 19, 2020 Case Laws Customs AT

Appellants Lack Evidence of Vessel Traveling Beyond Indian Waters; Cannot Claim Foreign-Going Status u/s 2(21)(ii) Customs Act.
August 19, 2020 Case Laws Insolvency and Bankruptcy HC

NCLAT Dismisses Petition Challenging Hybrid Hearing Format, Imposes Rs. 10,000 Cost for Lack of Evidence.
August 19, 2020 Case Laws Insolvency and Bankruptcy AT

Corporate Insolvency Resolution Process must prioritize majority stakeholders' interests; settling with two creditors risks injustice.
August 19, 2020 Case Laws Insolvency and Bankruptcy AT

Court Deems CIRP Application Maintainable; Balance Sheet Acknowledges Debt, Bringing Claim Within Limitation Period.
August 19, 2020 Case Laws GST HC

Court Denies Petition to Lower GST on Masks and Sanitizers; Current Rate of 18% Deemed Lawful.
August 19, 2020 Case Laws Indian Laws HC

Accused fails to prove defense; found guilty of cheque dishonor u/s 138 of Negotiable Instruments Act.
August 18, 2020 Case Laws GST HC

Court Grants Landlord Anticipatory Bail in Tenant's Alleged Pan Masala Tax Evasion Case Under GST Act Section 70.
August 18, 2020 Case Laws GST NAPA

Penalty Not Applicable for Profiteering in Flat Purchase Under GST; Section 122(1)(i) Excludes Section 171(1) Violations.
August 18, 2020 Case Laws Income Tax HC

High Court Rules 154-Day Delay in Filing Appeal at ITAT Should Be Accepted Due to No Bad Faith Shown.
August 18, 2020 Case Laws Income Tax AT

Exemption Denied: Financial Museum Project with RBI Lacks Educational Purpose, Deemed Commercial u/s 11.
August 18, 2020 Case Laws Income Tax AT

Court Rules Fee Alone Can't Deny Section 12AA Registration Without Evidence of Non-Charitable Activities.
August 18, 2020 Case Laws Income Tax AT

Expenditure Against Interest Income Allowable u/s 57 or 37, Depending on Income Category Per Sections 56 or 28.
August 18, 2020 Case Laws Income Tax AT

Court Upholds Denial of Tax Exemption: Separate Properties Can't Be Treated as One House u/s 54F.
August 18, 2020 Case Laws Income Tax AT

Assessees can introduce new grounds during appeals u/s 250, even if not raised earlier.
August 18, 2020 Case Laws Customs HC

Court Allows Shipping Bill Amendments for MEIS Benefits if Section 149 Conditions Are Met; Revenue's Objection Dismissed.
August 18, 2020 Case Laws Customs HC

Court Upholds Six-Month Extension for Show Cause Notice Issuance u/s 124 of the Customs Act, 1962.
August 18, 2020 Case Laws Insolvency and Bankruptcy AT

Court Denies Interim Relief on Bank Guarantee Invocation in CIRP, Affirms No Set-Off Against Corporate Debtor's Other Contracts.
August 18, 2020 Case Laws Insolvency and Bankruptcy AT

Creditors Approve Insolvency Plan Allocating Rs. 45 Crores for SEZ Customs Duties and Penalties, Excluding Extra Interest.
August 18, 2020 Case Laws Insolvency and Bankruptcy AT

Tax Claims Not Filed Pre-Resolution Plan Are Not Operational Debt in CIRP; No Liability for Acquiring Company.
August 18, 2020 Case Laws Insolvency and Bankruptcy SC

Corporate Insolvency Process: Time-Barred Applications if Default Exceeds Three Years Without Justifiable Delay.
August 18, 2020 Case Laws Service Tax HC

High Court Rejects Sabka Vishwas Scheme Due to Demand Quantification Issues; Calls for Liberal Interpretation by Tax Authorities.
August 18, 2020 Case Laws VAT and Sales Tax HC

Appellate Authority Findings on Identical Transactions Must Be Followed by Adjudicating Authority for Consistency in Assessment Years.
August 18, 2020 Case Laws Insolvency and Bankruptcy AT

Court Rules Resolution Applicant Cannot Withdraw Approved Plan u/s 25(2)(h) of Insolvency and Bankruptcy Code.
August 18, 2020 Case Laws Insolvency and Bankruptcy AT

CIRP Application Dismissed: Limitation Period Expired, Last Payment Received May 2015 for 2011 Invoice u/s 19.
August 17, 2020 Case Laws GST HC

Court Orders Release of Detained Goods with Bank Guarantee Due to Invoice Discrepancies and Missing Original Invoice.
August 17, 2020 Case Laws GST HC

GST Bank Account Attachment Expires After One Year; Provisional Order Concludes from August 2, 2019.
August 17, 2020 Case Laws GST HC

High Court Orders Defreezing of Petitioners' Bank Account After Section 83 CGST Act Attachment Expires.
August 17, 2020 Case Laws Income Tax AT

Court Denies Appeal Delay Request: 442-Day Delay Deemed Unreasonable Due to Lack of Specific Details.
August 17, 2020 Case Laws Income Tax AT

Rejection of Books of Accounts u/s 145 Unjustified; External Invoices Validated Cash Purchases, Countering Internal Voucher Claims.
August 17, 2020 Case Laws Income Tax AT

Capital gains from commercial property sales can't offset losses if gains are non-chargeable after Section 54F deductions.
August 17, 2020 Case Laws Income Tax AT

Assessee Not Deemed Permanent Establishment of M/s DBPL Under Production Services Agreement in India.
August 17, 2020 Case Laws Income Tax AT

Penalty for Late Audit Report Submission u/s 271B Overturned Due to Inadequate Verification by Assessing Officer.
August 17, 2020 Case Laws Income Tax AT

Taxpayer Can Choose Valuation Method for Shares' Fair Market Value u/s 56(2)(viib); Rule 11UA(1)(c)(b) Applies.
August 17, 2020 Case Laws Income Tax AT

Assessment Order Barred by Limitation Due to Improper Extension Tactics u/s 158BE in Block Assessment Case.
August 17, 2020 Case Laws Income Tax AT

Procedural lapse in Capital Gains Accounts Scheme not disputed; substantial compliance with Section 54(1) justifies benefit u/s 54.
August 17, 2020 Case Laws Income Tax AT

Correct Application of 5th Proviso to Section 32 for Depreciation on WDV in Slump Sale Acquisitions.
August 17, 2020 Case Laws Income Tax AT

Court Examines Alleged Rental Income Suppression; AO Urged to Use Nearby Rental Comparisons for Accurate Assessment.
August 17, 2020 Case Laws Income Tax AT

Section 55A Amended: 'Variance' Added for Capital Gain Computation, Effective July 1, 2012, for Future Transactions Only.

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H: GST Orders Uploaded Without Proper Service Violate Natural Justice, Co...

H: GST Time Extension During COVID-19: Court Defers Ruling on Section 168...

H: Bail denied for mastermind accused of Rs. 53.03 Crore GST fraud throug...

H: Lufthansa Wins Challenge Against Withholding Tax Rate Change Under Ind...

H: Section 54F Deduction Denied: Timing of House Purchase and Constructio...

H: Tax Relief: Exchange of Old Flat for New in Redevelopment Not Taxable ...

H: Interest on Rupee-Denominated CCDs Must Be Benchmarked Against Domesti...

H: Assessee in Power Business Denied Enhanced 35% Depreciation Under Sect...

H: Taxpayer's Appeal Succeeds as Cash from Selling Deceased Wife's Jewelr...

H: Quantitative Restrictions on LAM Coke Imports Valid Under Section 9A o...

H: Courier Company Penalized for CIER Violations Despite KYC Compliance C...