The Madras High Court directed the Assessing Officer to determine whether borrowed funds used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted. The Revenue has preferred these Appeals raising the...
The Madras High Court held that the Registrar of Companies (ROC) is not empowered to deactivate the Director Identification Number (DIN) under Companies (Appointment and Qualifications of Directors) Rules, 2014 (AQD). The batch of writ...
The Madras High Court held that the assessee, Sutherland Global is not entitled to Education Cess (EC), Secondary and Higher Education Cess (SHEC), and Krishi Kalyan Cess (KKC) against the Output GST Tax Liability. The...
The Madras High Court while dealing with the case filed by the PVR held that online booking charges on tickets not subjected to entertainment tax. The assessing officer took a note of the letter of...
The Madras High Court held that the petitioner, Siva Saravana Blue Metals, was entitled to the inclusion of ‘High-Speed Diesel Oil’ as a commodity in the registration certificate. In this case the petitioner, Siva Saravana...
Madras High Court sets aside the publication of the list of disqualified directors by the Registrar of Companies and the deactivation of the DIN of the Appellants. Introduction Disqualification due to non-filing of returns has...
The actor turned politician Rajinikanth moved Madras High Court against property tax demand for marriage hall demand of Rs 6.50 lakhs as property tax for his ‘Sri Raghavendra Kalyana Mandapam’, which is located in Kodambakkam,...
The Madras High Court while dismissing the writ petition against India Rating and Research Pvt. Ltd. held that the Credit Rating Agency can not discharge ‘Public Functions’ as it is not characterized as ‘State’. The...
The Madras High Court held that expenditure on the leased premises towards civil works, furniture, etc. can not be capital expenditure. The matters arose pursuant to an order under Section 254 of the Act and...
The Madras High Court while upholding the order of the tribunal disallowed interest and additional expenditure incurred on account of exchange fluctuation. The assessee, M/s.Continuum Wind Energe (India) Pvt. Ltd. is a company engaged in...
The Madras High Court quashed the demand/recovery notice passed in violation of the judgment delivered by the Apex Court. The petitioner, M/s.Jumbo Bags Ltd. claimed exemption from payment of duty against the sales effected by...
The Madras High Court quashed the ITAT order wherein it was held that the income received in advance in the nature of interest income on discounting of bills against the letter of credit is to...
The Madras High Court while dismissing a plea by investors of Yes Bank upheld the legal validity of the Reserve Bank of India’s (RBI) circular on additional Tier 1 Capital bonds. Yes Bank’s AT1 bonds...
The Madras High Court held that the assessee, investor Financial Education Academy is entitled to exemption for conducting activities for charitable purpose. The assessee, M/s.Investor Financial Education Academy filed an application, before the Director of...
The Madras High Court while upholding the order passed by the Tribunal held that the deemed dividend under Section 2(22) (e) is to be assessed in the hands of the shareholder and not in the...
The Madras High Court held that an advocate acting professionally as per instructions of client cannot be prosecuted for offence of defamation. The case pertains to an application filed before NCLT seeking to remove chartered...
Once K. Parasaran Sir and F.S Nariman Sir said that the sales tax law in this country got shaped through the passionate and dedicated efforts of C. Natarajan. In fact, some of the Judges of...
The Madras High Court while dismissing the plea of the petitioners challenging the denial of unutilised Input Tax Credit (ITC) refund on ‘input services’ under ‘inverted duty structure’. As many as 6 writ petitions were...
The Madras High Court held that there is no prohibition on claiming capital gain deduction in respect of investments made prior to the sale of old assets. The Single bench held that the amount of...
The Madras High Court directed the authority to make available the Scrutiny report submitted by the Superintendent to the petitioner. The Writ Petitioner, M/s.T.V.Sundaram Iyengar & Sons Pvt. Ltd. is an assessee registered with the...
The Madras High Court held that the Customs, Excise, Service Taxes Appellate Tribunal (CESTAT) has rightly granted relief to Assessee and has not allowed an extended period of limitation to the Adjudicating Authority observing that...
© 2020 Taxscan | Simplifying Tax Laws