10. In light of the aforementioned judgments, one thing is clear that where there is a family settlement to bring harmony and settlement of disputes, there is no transfer of assets and the provisions ...

One order dismissed an application by A Rajendra seeking to place his resolution plans before the Committee of Creditors (CoC) and stay the voting results on another resolution plan. The second order ...

The Karnataka High Court has dismissed an appeal by the Principal Commissioner of Income Tax (PCIT) against an Income Tax Appellate Tribunal (ITAT) order. The ITAT had earlier granted relief to the ...

NCLT Mumbai approved resolution plan of Corporate Debtor [Cane Agro Energy (India) Ltd] as submitted by resolution applicant ...

NCLT Mumbai held that the Advance received by the Corporate Debtor against future supply of goods is an Operational Debt.

CESTAT Chennai held that cess levied on export of Shrimp and Prawns was unlawful and since the element of Agricultural Produce Cess paid on the export of Prawns and Shrimps was not passed, refund of ...

CESTAT Kolkata held that ‘Works Rolls’ are Capital Goods and not spare parts and hence eligible to be imported against full utilization of Status Holder Incentive Scheme [SHIS Scheme]. Accordingly, ...

The capital market plays a crucial role in a country’s economic development, serving as a platform for entities to raise funds by issuing various securities. In India, the regulation of capital market ...

The Imperative for an Effective Legal Framework for Facial Recognition Technology in India. Abstract. Facial recognition technology (FRT) is a pote ...

ITAT Raipur held that time period of 7 days provided to the assessee company to revert back to show cause notice was unreasonably short, and thus, violative of principles of natural justice.

Bombay High Court held that Court cannot exercise its discretionary jurisdiction to restrain income tax officers from proceedings with assessment proceedings where huge unaccounted income in ...

The ITAT admitted this additional ground, which focused on a procedural defect in the show-cause notice issued under Section 274 read with Section 271 (1) (c). The assessee’s counsel argued that the ...