In the case of IBM India Pvt Ltd, the Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) has held that Penalty under section 114 A of the Customs Act, 1962 would be

The Kerala High Court directed the petitioner, Arun Columbus, to file reply to the show cause notice (SCN) as there was issuance of SCN in Form No. ITCP 29 under Rule 85 of Second Schedule

The Kerala High Court directed to decide stay application in the matter of non-filing of return of income under Section 139 of the Income Tax Act, 1961. The present writ petition has been filed seeking

The Delhi High Court reserved order on habeas corpus petitions of Lava MD, Chinese national in Vivo money laundering probe. The three habeas corpus petitions were taken up to be disposed of together vide the

In a recent ruling the Bombay High Court has held that the debt owed to financial institutions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), is

The Delhi High Court directed the Principal Chief Commissioner of Income Tax to decide application in the matter of application for condonation of delay for filing the income tax returns (ITR). Present writ petition has

The Guwahati Bench of the National Company Law Tribunal ruled that the amount given by financial creditor as investment for joint venture to corporate debtor is not financial debt under the Insolvency and Bankruptcy Code,

The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for issuing demand orders under Section 73(9) of the Goods and Services Tax Act on 28/12/2023 through Notification 56/2023. Read More: CBIC

In a significant ruling the Supreme Court of India ruled that the properties sold in auction sale before declaration of moratorium not liquidation asset under the Insolvency and Bankruptcy Code (IBC) 2016. A sale certificate

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) observed that the sponsorship amount paid by M/s. Indian Oil Corporation Ltd (IOCL) to Global Cricket Corporation is not royalty. The assessee was appointed as

In a recent ruling the Bombay High Court observed that the borrower receiving loan in cash liable for dishonour of cheque even if loan amount beyond limit for cash transactions under the Income Tax Act,

The Karnataka High Court directed the Chartered Accountant (CA)Firm, the petitioner to pay 250000 rupees which is 25% of the total penalty imposed against non-payment of Service Tax due to Delayed Payment of Salary by

The Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) observed that Transmission of electricity is exempt from service tax. A transformer manufacturing company, the appellant, has filed Rs 7, 27,884 refund

Rapid technological change has changed the industry lines as companies increasingly bring seemingly unrelated business lines together in unconventional ways. The Boundaries of business are diffused intensively because of digital technology-driven business models. Many companies

The Central Board of Indirect Taxes and Customs ( CBIC) extended time limit for issuance of GST notice. For Financial Year 2018-19 – Extended date is 30.04.2024 and for Financial Year 2019-20 – Extended date