News Updates
Litigation Expenditure Incurred To Protect Business Is Covered Under Revenue Expenditure: ITAT
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that when litigation expenditure is incurred to protect the business, the same is revenue expenditure.The two-member bench of Sandeep Gosain (Judicial Member) and Rathod Kamlesh Jayantbahi (Accountant Member) has observed that since the assessee has no interest in the ownership of the asset but he is in possession of...
Training Fee Paid To Professional Trainer Doesn't Amounts To Fees for Technical Services, No TDS Deductible: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that TDS is not deductible on training fees paid to professional trainers as it does not amount to fees for technical services.The two-member bench headed by N.V. Vasudevan (Vice-President) and Chandra Poojari (Accountant Member) have observed that the nature of service rendered by the non-resident is neither in...
Supreme Court Collegium Proposes Elevation Of 9 Judicial Officers To Punjab & Haryana High Court
The Supreme Court Collegium has approved the proposal for elevation of the following Judicial Officers as Judges in the Punjab & Haryana High Court:1. Shri Gurbir Singh 2. Shri Deepak Gupta, 3. Ms. Amarjot Bhatti, 4. Ms. Ritu Tagore, 5. Ms. Manisha Batra, 6. Ms. Harpreet Kaur Jeewan, 7. Ms. Sukhvinder Kaur, 8. Shri Sanjiv Berry, and9. Shri Vikram Aggarwal.The approval was given in...
Supreme Court Orders Status Quo On Composition Of Kerala Temple Trust; Issues Notice On Plea By Hereditary Trustee
The Supreme Court on Monday ordered status quo in a petition filed by a hereditary trustee of the Sree Emoor Bhagavathy Temple of Kerala challenging the notification issued by the Commissioner of Malabar Devaswom Board that invited applications to the post of non-hereditary trustees at the temple."Status quo regarding composition of Trust shall be maintained. Issue notice on stay", a Bench...
Supreme Court Collegium Proposes Making Appointment Of 3 Additional Judges Of Karnataka High Court Permanent
The Supreme Court Collegium has approved the proposal for appointment of the following Additional Judges as Permanent Judges in the Karnataka High Court:1. Shri Justice Mohammed Ghouse Shukure Kamal, 2. Shri Justice Rajendra Badamikar, and 3. Ms. Justice Khazi Jayabunnisa Mohiuddin. The approval was given in its meeting held on 7th September, 2022.Click Here To Read Collegium...
Supreme Court Collegium Recommends 8 Names For Elevation As Bombay High Court Judges
The Supreme Court Collegium has approved the proposal for elevation of the following Advocates/Judicial Officers as Judges in the Bombay High Court:Advocates-1. Shri Santosh Govindrao Chapalgaonkar, and 2. Shri Milind Manohar Sathaye.Judicial Officers-1. Shri Sanjay Anandrao Deshmukh, 2. Shri Yanshivraj Gopichand Khobragade, 3. Shri Mahendra Wadhumal Chandwani, 4. Shri Abhay...
Ashutosh Kumbhakoni To Continue As Advocate General Of Maharashtra Through Third Successive Government
Senior Advocate Ashutosh Arvind Kumbhakoni will continue as Advocate General through the third successive government in Maharashtra after the new Chief Minister - Eknath Shinde led cabinet, refused to accept his resignation. The Maharashtra cabinet deferred consideration of the AG's resignation till December 31, 2022 and requested him to continue to hold office at least till then. Kumbhakoni...
CBIC Issues Guidelines For Filing/Revising TRAN-1/TRAN-2
The Central Board of Indirect Taxes and Customs (CBIC) has issued the guidelines for filing/revising TRAN-1/TRAN-2.The CBIC has issued the guidelines in terms of the order passed by the Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd. The Supreme Court directed the Goods and Service Tax Network (GSTN) to open a common portal for filing concerned forms for...
DGFT Prohibits The Export Of Broken Rice
TheDirectorate General of Foreign Trade (DGFT)has issued the notification by amending the Export Policy of Broken Rice from "free" to "prohibited" from September 9th, 2022.The Central Government, empowered under the Foreign Trade (Development & Regulation) Act, 1992, read with Foreign Trade Policy, 2015-20, amended the Export Policy of broken rice against ITC (HS) code 1006 40 00...
Oudh Bar Association President Writes To CJI Requesting Him Not To Propose Elevation Of SC Advocates As Allahabad HC Judges
The President of the Oudh Bar Association has written to the Chief Justice Of India UU Lalit requesting him not to propose the elevation of advocates practicing in the Supreme Court as Allahabad High Court Judges.Oudh Bar Association President Rakesh Chaudhary has made this request in connection with a recent statement made by Senior Advocate Vikas Singh in his capacity as President,...
St. Stephen's College Can't Conduct Interview For Non-Minority Category Students, CUET Score Enough For Admission: Delhi High Court
The Delhi High Court on Monday said that St Stephens college must follow the admission policy of the Delhi University for the academic sessions 2022-23 for students belonging to non-minority category applying to undergraduate courses. A division bench comprising Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said that St Stephens college shall follow the directive that...
"Sheer Abuse Of Process": Delhi HC Dismisses Advocate's PIL Seeking List Of Private Liquor Vendors Allegedly Harassed By CBI, ED With 1 Lakh Cost
The Delhi High Court has dismissed with 1 lakh cost a public interest litigation seeking a list of 186 private liquor vendors allegedly harassed by the Central Bureau of Investigation (CBI) and by the Directorate of Enforcement (ED). A division bench comprising of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad dismissed the plea at admission stage and directed the cost to...