News Updates
BREAKING - Uddhav Thackeray Moves Delhi High Court Against Election Commission's Freezing Order On Shiv Sena Party Symbol
Former Maharastra Chief Minister Uddhav Thackeray has moved the Delhi High Court against Election Commission of India (ECI)'s decision to freeze Shiv Sena's 'bow and arrow' party symbol In the alternative, Thackeray has sought a direction that ECI be asked to consider and allot the symbol proposed by him without restricting the choice of symbol from the list of free symbols notified under...
On Approval Of Plan By MSME Directors, They Will Be Treated As New Owners: NCLT Mumbai
The National Company Law Tribunal ("NCLT"), Mumbai Bench, comprising of Justice P.N. Deshmukh (Judicial Member) and Shri Shyam Babu Gautam (Technical Member), while adjudicating a petition filed in Aries Agro Pvt. Ltd. v ETCO Industries Pvt. Ltd., has held that once the resolution plan submitted by MSME Corporate Debtor's promoters/directors is approved by the Adjudicating Authority,...
ITAT Allows Deduction On Credit Facilities Given By Co-operative Society To Its Members
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 80P of the Income Tax Act on the credit facilities given by the co-operative society to its members as they were directly related to the business while deriving interest.According to the two-member bench of Suchitra Kamble (Judicial Member) and Waseem Ahmed (Accountant Member),...
'Rajnigandha Well Known Trademark, Entitled To Higher Degree Of Protection': Delhi High Court Blocks Sale of Rajni Paan
The Delhi High Court recently passed a decree in favour of Dharampal Satyapal Limited - the manufacturers of the iconic pan masala Rajnigandha and permanently halted the production, sale or promotion of any product under the trademark 'RAJNI PAAN',Holding that the defendants had intentionally attempted to "trade off the significant goodwill and reputation of the plaintiffs", the Court...
Clean Energy Cess To Be Imposed For Collection Of Cess On Polluting Fossil Fuels: CESTAT
The Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the Clean Energy Cess has been imposed for the collection of cess on polluting fossil fuels so as to create additional funds for taking measures to reduce carbon emissions and pollution.The two-member bench of Anil Choudhary (Judicial Member) and P.V. Subba Rao (Technical Member) has observed...
Masala Bonds Case: Kerala High Court Stays Further Summons Against Dr Thomas Issac & KIIFB Officers For 2 Months
The Kerala High Court has put on hold for two months the further issuance of summons against Kerala Infrastructure Investment Fund Board (KIIFB) and Former Finance Minister of Kerala Dr Thomas Issac in connection with ED probe into alleged FEMA violations in the issuance of Masala Bonds in 2019.The development comes in the pleas challenging ED summons in connection with the investigation into...
"Justice Chandrachud Has Left No Stone Unturned To Mitigate Citizens' Sufferings": Oudh Bar Assoc. Condemns Letter Against SC Judge
Addressing a letter to the President of India Droupadi Murmu, the President of the Oudh Bar Association has condemned the scandalous, motivated, and the malicious attempt made by one RK Pathan to malign Supreme Court Judge, Justice D. Y. Chandrachud.Deprecating the act of Pathan raising allegations in a letter/complaint against Justice Chandrachud, the President of the Association RK...
Sanction U/S 33M Drugs & Cosmetics Act Required Only For Ayurvedic Drugs, Not Allopathic: Karnataka High Court
The Karnataka High Court has clarified that sanction to prosecute as mandated under Section 33M of the Drugs & Cosmetics Act, 1940 is applicable only in case of Ayurvedic, Siddha and Unani drugs and it is not applicable where prosecution relates to Allopathic drugs.A single judge bench of Justice M Nagaprasanna made the observation while allowing the petition filed by Emcure...
They Are Your Own People, Should've Given Them Diwali Gift: Delhi High Court To Centre On Pak Hindu Migrants' Plea For Electricity Connections
The Central Government Monday informed the Delhi High Court that the matter relating to issuance of no objection certificate (NOC) to Pakistani Hindu migrants, who are allegedly residing in the city's Adarsh Nagar area without proper electricity connections, is being looked into at the highest level.A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad granted...
CBIC Issues Instructions Regarding Changes To Import Policy for Fresh (Green) Areca Nut
The Central Board of Indirect Taxes and Customs (CBIC) has notified the instructions regarding changes to the import policy for fresh (green) areca nuts.The CBIC directed the Kolkata Customs Zone to develop an appropriate mechanism for the registration of registration certificates (RC), debit/utilisation of the quantity in the RC, and monitoring the validity of the RC.The Kolkata Customs Zone...
Travel Agent's Booking Function Is Not Substantial Business Activity And Not Taxable: Delhi High Court
The Delhi High Court has held that the travel agents in India were merely connected to the extent that they could perform a booking function but were not capable of processing the data of all the airlines together in one place.The division bench of Justice Manmohan and Justice Manmeet Pritam Singh Arora has held that a booking function is not covered under substantial business activity...
Kerala High Court Grants Film Director Baiju Kottarakkara Two Weeks To Explain His Remarks Against Trial Judge
The Malayalam Film Director Baiju Kottarakkara appeared before the Kerala High Court on Monday in the suo motu contempt proceedings initiated against him for making abusive remarks during a news channel discussion against a trial court judge, who is hearing the 2017 actor abduction and assault case.The Division Bench of Justice A K Jayasankaran Nambiar and Justice Mohammed Nias C P sought...