INCOME TAX : Where in case of assessee trust, except for providing a bar room, all other activities of providing swimming pool facilities for aquatic events and training and facilities…
INCOME TAX : Where assessee a retired professional cricketer received ex-gratia payment from BCCI which was claimed as capital receipt not chargeable to tax and AO brought said sum to…
Amalgamation is one of the modes of corporate restructuring wherein the predecessor company(s) ceases to exist once the scheme of amalgamation is approved by the NLCT (earlier by the Hon’ble…
EXCISE/ST/VAT : Where appellant supplied Consumer premise equipment(CPE) viz. set top boxes at premises of consumers on rental basis and CPE provided by appellant, upon deactivation of service was not…
INCOME TAX : Allowance and deduction under section 35DDA under Voluntary Retirement Scheme are to be based on entire accrued liability incurred and not just of amount actually paid during…
FEMA, BANKING AND INSURANCE : Where criminal proceedings under PMLA were initiated against respondents by Enforcement Directorate on basis of independent intelligence gathered regarding money laundering activities, however, no scheduled…
FEMA amp; BANKING : Where cheque issued by appellant bounced but he remitted amount of notice within statutory period, proceedings initiated by respondent under section 138 pending before Metropolitan Magistrate…
EXCISE/ST/VAT : Temporary ceasing of work on account of repair work in factory entitles manufacturer to avail exemption in terms of clause 8 of Notification No. 17/2007-CE, dated 1-3-2007EXCISE/ST/VAT :…
COMPETITION LAW : A procurer, as a consumer, can stipulate certain technical specifications/conditions/clauses in tender document as per its requirements which by themselves cannot be deemed anti-competitive if same appear…
One of the reasons for amendments to legal provisions through successive Finance Acts is to refine the provisions of law with a view to provide clarity and putting at rest…