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CESTAT ruled that labour deployment and use of machinery under the lease arrangement were inseparable from plantation operations. In the absence of independent consideration, separate tax demands were…
The NCLT Mumbai held that a personal guarantor's liability under an on-demand guarantee arises only after proper invocation. Since no separate invocation was established, the insolvency petition was d…
The Ahmedabad Bench dispensed with several shareholder and creditor meetings after recording consent affidavits approving the proposed Scheme of Arrangement. Meetings were directed only where required…
The NCLT Allahabad Bench allowed dispensation of meetings for shareholders and creditors in a merger involving wholly owned subsidiaries. The Tribunal held that consent affidavits, absence of creditor…
The Bombay High Court held that TCS paid under protest before assessment must be considered while calculating the mandatory pre-deposit under Section 107(6)(b) of the CGST Act. The Court found that th…
The Court held that a purchasing dealer cannot be denied input tax credit solely because the supplier failed to deposit tax with the Government. It ruled that action must ordinarily be directed agains…
RBI amended the Cross Border Merger Regulations to replace NCLT-specific references with the broader term "Competent Authority." The key takeaway is that FEMA compliance will now automatically align w…
The article explains that loans received from partnership firms do not qualify as exempt borrowings under the Companies (Acceptance of Deposits) Rules, 2014. Even where partners are directors of the c…
The Bangalore ITAT held that ambiguity in the penalty proceedings rendered the levy unsustainable. The Tribunal emphasized strict compliance with the statutory framework under Section 270A. The post R…
The Supreme Court declined to interfere with the Karnataka High Court's judgment, which had held that the issues raised by the Revenue were already settled by precedent in the assessee's own case. The…
The High Court refused to entertain the Revenue's appeal after holding that the questions raised had already been decided in the assessee's favour in an earlier judgment involving the same assessment…
Notification S.O. 2996(E), Dated: 11.06.2026 … Continue reading "Govt Delegates Power to Appoint Verification Officers Under Industrial Relations Code" The post Govt Delegates Power to Appoint Verific…