In a recent judgment by Delhi High court has observed that NCLT dont have the power of assuming the IBC as ultra vires. Introduction In the case of “Insolvency and Bankruptcy Board of India vs. State Bank of India & Ors. (2022),” as reported on
In a recent regulatory disclosure, Infosys announced the receipt of a GST demand order, accompanied by interest and penalties. The cumulative demand, inclusive of penalties, stands at INR 37.75 lakh. Within this amount, the demand order specifies an IGST component of INR 26.5 lakh, alongside
The online gamers have decided to approach the court. Recently major online gaming companies received hafety notices from the department. The total amount of this litigation is expected to the tune of 1,50,000 crores. But the online gaming companies are denying the liability. They are
As a result of this development, individuals can now participate in court proceedings at the Gujarat High Court either in person or virtually, using video conference technology. The hybrid system, which was initially introduced as a ‘pilot project’ for four division benches of the High
The account of Doctor Liver is banned by the court for posting defamatory content against Himalaya Wellness. The appellant told the court that the purpose of all those posts was to push the products of competitors. They requested In the facts and circumstances issue an
Cases Covered: Mohd. Ahmad Khan vs. Shah Bano Begum. Background: An Act was passed and its name was Muslim Women (Protection on Divorce Act),1986. What did you think of it? That it should be an Act passed to protect Muslim women at the time of
Acting under the authority granted by section 16 of the Bureau of Indian Standards Act, 2016 (11 of 2016), the Central Government, in consultation with the Bureau of Indian Standards, deems it imperative in the best interest of the public to take such action. [pdf_attachment
In accordance with section 197(1) of the Income-tax Act, 1961, if there is a requirement to deduct income tax on any income or payment to an individual, as stipulated under various sections such as 192, 193, 194, 194A, 194C, 194D, 194G, 194H, 194-1, 194J, 194K,
Cases Covered: C.P. Ravindranath Menon & Another Vs Deputy Commissioner of State Tax & Ors. Facts of the Cases: The brief facts of the case are that the Petitioners had entered into an agreement for sale of a residential flat with Respondent No. 6.
What was the Mohit Minerals Judgment? The judgment of Mohit Minerals is a famous one between Importers. The RCM liability on Ocean freight was made via notification no. 10/2017. It has been disputed since the beginning. Two important issues were raised by taxpayers, the first
