News Updates
"Shows Heinous Indifference": Law Students Condemn BCI's Resolution Requesting Supreme Court To Defer Same-Sex Marriage Issue To Parliament
Student groups from 36 Indian law schools have issued a statement condemning the "heinous indifference" allegedly shown by the Bar Council of India by passing a resolution- requesting the Supreme Court to leave the issue of marriage equality for LGBTQIA+ community to legislative process."The Resolution is ignorant, harmful, and antithetical to our Constitution and the spirit of inclusive...
Judicial Officer Sanjay Kumar Jaiswal Appointed As Additional Judge Of Chhattisgarh High Court
The union government on Thursday issued a notification for appointment of judicial officer Sanjay Kumar Jaiswal as an Additional Judge of the High Court of Chhattisgarh. The announcement in this regard was made by Law Minister Kiren Rijiju on Twitter. The Supreme Court Collegium on April 12 had recommend that Sanjay Kumar Jaiswal, Judicial Officer, be appointed as a Judge of the High...
Seven District Judges Appointed As Judges of Madhya Pradesh High Court, Centre Issues Notification
The Centre on Thursday notified the appointment of seven judicial officers as the judges of Madhya Pradesh High Court.In a tweet, the Law Minister Kiren Rijiju said that Roopesh Chandra Varshney, Anuradha Shukla, Sanjeev Sudhakar Kalgaonkar, Prem Narayan Singh, Achal Kumar Paliwal, Hirdesh, and Avnindra Kumar Singh have been appointed as the high court judges. The Supreme Court Collegium had...
Amount Declared As Turnover Can’t Be Concealed Income: ITAT
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) has held that once the amount is declared as turn-over, it cannot be called concealed income and be taxed twice on the same amount.The bench of Anikesh Banerjee (a judicial member) has observed that the AO has no right to calculate sales on a hypothetical basis, ignoring the evidence submitted during the course of...
'Every Malayali Has Emotional Attachment To Sadya': Kerala Consumer Court Orders ₹40K Compensation Over Restaurant's Failed Delivery On Thiruvonam
A consumer court in Kerala recently directed a restaurant to pay Rs. 40,000/- as compensation for failure to deliver Onam Sadya on Thiruvonam day.The case of the complainant was that she had invited guests and ordered sadya for 5 persons to be delivered to her house on Thiruvonam day from a multi cuisine eatery by the name of Maze Restaurant. However, on the day of Onam, the restaurant failed...
Assessee Explained The Source Of The Excess Stock Found During The Course Of Survey: ITAT Deletes Addition
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee has explained the source of the excess stock found during the course of the survey.The bench of Aby T. Varkey (Judicial Member) and Manjunatha (Accountant Member) has observed that when the assessee has explained that the source of excess stock found during the course of the survey is income generated...
Section 10AA Deduction Can’t Be Denied Merely Not Receiving Convertible Foreign Exchange On The Deemed Exports: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Section 10AA deduction cannot be denied merely on the reasoning that the assessee did not receive the convertible foreign exchange on the deemed exports.The bench of Madhumita Roy (Judicial Member) and Waseem Ahmed (Accountant Member) has observed that there was no condition applicable for the Assessment...
Loss On Confiscation Of Smuggled Items By DRI Officials Cannot Be Claimed As ‘Business Loss’ Under Income Tax Act: Supreme Court
The Supreme Court bench comprising Justices M. R. Shah and M.M. Sundresh has set aside the Rajasthan High Court’s order of allowing the loss claimed by the assessee on account of confiscation of silver bars by the Customs department, as ‘business loss’ under Section 37(1) of the Income Tax Act, 1961. Justice M. R. Shah reckoned that the assessee was carrying on a legitimate...
No Service Tax Leviable On Construction Of Residential Complexes Prior To 01.07.2010: CESTAT
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that no service tax could be levied on the construction of residential complexes prior to July 1, 2010, even when the service is rendered either as a service simpliciter or as a work contract.The bench of P. Dinesha (Judicial Member) and Vasa Seshagiri Rao (Technical Member) has observed that the...
NCLAT Delhi Upholds Rejection Of ‘Discovery & Inspection’ Application Filed By Corporate Debtor In Section 9 Petition
The National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, comprising of Justice Ashok Bhushan (Judicial Member) and Shri Barun Mitra (Technical Member), while adjudicating an appeal filed in Baba Baidnath Spinners Pvt. Ltd. v Textile Solutions, has upheld the rejection of an application for discovery and inspection of documents field by the Corporate Debtor in...
CBDT Notifies Income Tax Exemption to National Institute of Design
The Central Board of Direct Taxes and Customs (CBDT) notified the National Institute of Design, Ahmedabad, of the income tax exemption.The government approved the National Institute of Design, Ahmedabad, under the category of university, college, or other institution for scientific research for the purposes of Section 35(1)(ii) of the Income-tax Act, 1961, read with Rules 5C and 5E of...
Party Is Entitled To Challenge Appointment Of Arbitrator In Violation Of Arbitration Act, At Any Stage: Madras High Court
The Madras High Court has ruled that a party is entitled to challenge the appointment of the Arbitrator at any stage, if there is any violation of the provisions of the Arbitration and Conciliation Act, 1996 (A&C Act). The court remarked that even if the award debtor had participated in the arbitral proceedings or, after having knowledge of the appointment of the sole Arbitrator,...