The Delhi High Court has recently imposed a cost of one lakh rupees on an exporter for the blatant violation of the Duty-Free Credit Entitlement Scheme (DFCE) and directed them to deposit the same in...
The Central Board of Indirect Taxes and Customs (CBIC) on Saturday issued a notification announcing May 18, 2020, to be the effective date for the implementation of the provisions pertaining to Transitional credit for unavailed...
Coming at a time when the prospects for future appear bleak, the decision of the Hon’ble High Court of Delhi in the case of Brand Equity Treaties Ltd and others is heartwarming. Scores of people...
In a significant ruling granting relief to all GST taxpayers, a two-judge bench of the Delhi High Court has directed the Central Government to allow the taxpayers to claim an input tax credit under Form...
The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) held that the Vodafone is not required to reverse Cenvat credit as the capital goods have not been physically removed from the premises where they were initially...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of non-competent fees paid by M/s Hindustan Coca Cola company would be treated as capital expenditure for which depreciation under...
The Delhi High Court in the Indiabulls Housing Finance vs. Security Exchange Board of India provides relief to the Indiabulls Housing Finance on Non-Convertible Debentures (NCD) dues. The court granted permission to Indiabulls Housing Finance,...
The Delhi High Court has recently denied relief to the assessee from the payment of the compulsory 20% deposit in the Bogus Cash Credit Case. The petitioner, Jindal ITF Ltd. filed a writ petition seeking...
The High Court of Delhi stayed the action of the Punjab and Sind Bank declaring the account as Non-Performing Assets (NPA) in the light of the circular of Moratorium Period issued by Reserve Bank of...
The Delhi High Court held that the Income Tax Appellate Tribunal (ITAT) has correctly ruled that the amount transferred for the benefit of the customers does not constitute the part of assessee’s real profit and...
Due to the outbreak of pandemic COVID-19, the High Court of Delhi in its recent ruling held that the Reserve Bank of India’s (RBI’s) advisory on moratorium is applicable even to loans on default as...
The Central Board of Indirect Tax & Customs (CBIC) has issued a clarification on the Goods and Service Tax GST refund related issues. The Central Board of Indirect Tax & Customs (CBIC) under the Ministry...
With the introduction of the Prevention of Money Laundering ( PMLA ) Act, 2002 (‘Act’), which was made effective from 01.07.2005, a number of legal issues arose, which required adjudication in various courts and competent...
The Delhi High Court has directed the Commissioner of Income Tax to examine the claims and grant refunds to Ericsson. The Court also held that the entire amount, with the approval of the Principal Commissioner...
The Delhi High Court has ruled that the Service Tax Audit under Goods and Service Tax (GST) is permissible. The petition was filed by Aargus Global Logistics Pvt. Ltd on the ground that Section 174(2)(e)...
In a recent ruling, the Delhi High Court exempted the Indian Medical Association from the Service tax net. While dismissing the appeal filed by the Customs Excise & Service Tax Appellate Tribunal (CESTAT), the Delhi...
The Delhi High Court held that the Institute of Chartered Accountant of India (ICAI) ought to specify reasons to the complainant on the closure of the case of misconduct against the member. In the case...
The Punjab & Haryana High Court has held that property acquired prior to the commission of Criminal Activity cannot be attached unless taken outside the country. In the case of Seema Garg vs. Deputy Director,...
The Delhi High Court has imposed Rupees five lakhs costs for misleading the court and the amount is to be paid to the Delhi High Court Advocates Welfare Trust. The counsel for the petitioner as...
The Delhi High Court has held that in case of the rescission of notification for 100% excise duty exemption, Promissory Estoppel is not maintainable against the Union of India (UOI). In the case of M/s Hero...
The Delhi High Court has held that the Non-Executive Directors of a company are exempted from Cheque Dishonour Proceedings under Section 138 of the Negotiable Instrument Act, 1881. In the case of Sunita Palta vs....
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