Requirement to reverse Accumulated Credit by on-going Real Estate Projects opting for Concessional Rate of GST challenged before Calcutta High Court
The Calcutta High Court presided over the requirement to reverse accumulated credit by on-going real estate projects opting for a concessional rate...
![GST: Calcutta High Court issues notices to Central & State over ITC Effect of GSTR-1 Return subject to 10% ITC for Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/GST-Calcutta-High-Court-ITC-GSTR-1-Taxscan.jpg "GST: Calcutta High Court issues notices to Central & State over ITC Effect of GSTR-1 Return subject to 10% ITC for Purchase [Read Order]")
![Calcutta HC issues notice to Govt. in PIL challenging constitution of AAR & AAAR under GST [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/PIL-AAR-AAAR-Calcutta-High-Court-Taxscan.jpg "Calcutta HC issues notice to Govt. in PIL challenging constitution of AAR & AAAR under GST [Read Order]")
Issuance of notice u/s 131 (1A) of the Income Tax Act’1961 after conclusion of Income Tax Search and Seizure u/s 132 of the Income Tax Act’1961 – Legal Paradox
Introduction: Ever since the enactment of the original Income-tax statute of 1922, the Income-tax authorities have been vested with certain powers that are coterminous with the powers of a Court...
Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]
The Calcutta High Court held that the procedure for submission of financial information under Section 215 of the Insolvency and Bankruptcy Code (IBC), 2016 is not mandatory. By the virtue of being...
![Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Calcutta-High-Court-financial-information-submission-financial-information-Taxscan.jpg "Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]")
Calcutta HC quashes NCLT order imposing a mandatory prescription on all Financial Creditors to submit certain financial information retrospectively
The Calcutta High Court quashed the order passed by the National Company Law Tribunal (NCLT) wherein it imposed a mandatory prescription on all financial creditors as defined under the extant...
Adverse Exchange Rate of Rupee is part of Export Turnover, Eligible for Relief: Calcutta HC [Read Order]
The High Court of Calcutta held that extra realization made in rupees for export sale proceeds in foreign exchange due to adverse exchange rate of rupee would be part of the export turnover in the...
![Adverse Exchange Rate of Rupee is part of Export Turnover, Eligible for Relief: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/11/Foreign-Exchange-ITAT-Taxscan.jpg "Adverse Exchange Rate of Rupee is part of Export Turnover, Eligible for Relief: Calcutta HC [Read Order]")
Delay of 586 Days in filing Appeal shows Negligence of Income Tax Department: Calcutta HC [Read Order]
The High Court of Calcutta held that the delay of 586 days in filing an appeal by the Department without explanation would amount to condoning the utter failure or negligence on the part of the Income...
![Delay of 586 Days in filing Appeal shows Negligence of Income Tax Department: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/Calcutta-High-Court-Calcutta-HC-Income-Tax-Appeal-Taxscan.jpg "Delay of 586 Days in filing Appeal shows Negligence of Income Tax Department: Calcutta HC [Read Order]")
Calcutta HC allows Deduction to Other Interest Income apart from 10% Net Profit Transferred to a Reserved Fund [Read Judgment]
The Calcutta High Court has allowed a deduction to other interest income apart from 10% net profit transferred to a reserved fund. The High court of Calcutta allowed the appeal filed by the Principal...
![Calcutta HC allows Deduction to Other Interest Income apart from 10% Net Profit Transferred to a Reserved Fund [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Calcutta HC allows Deduction to Other Interest Income apart from 10% Net Profit Transferred to a Reserved Fund [Read Judgment]")