Category: Judgments

Whether a prohibited claim in a contract applies only to the employer and not to the Arbitral Tribunal – Matter to be decided by larger bench of Supreme Court In a recent judgment, the Hon’ble Supreme Court has held that in Bharat Drilling case is not an authority …

Where a contractual employee is terminated on the sole ground of ineligibility, the Court is entitled to examine its correctness – SC In a recent judgment, Hon’ble Supreme Court has held that where a contractual employee is terminated on the sole ground of ineligibility, the Court is entitled …

Upon deceased acquiring family, GPF nomination in favour of mother became invalid and in absence of fresh nomination, mother and spouse had equal claim – SC In a recent judgment, the Hon’ble Supreme Court has held that upon the deceased acquiring family his earlier GPF nomination in favour …

ITC can’t be denied on ground that supplier’s registration was cancelled subsequently when supplier had filed GSTR-1 and GSTR-3B for the relevant period. In a recent judgment, Allahabad High Court has held that ITC can’t be denied on ground that the supplier’s registration was cancelled subsequently to the …

Amount of Rs. 6 lakh claimed to have been received as gift from parents in law not an excessively or unreasonably high amount – ITAT In a recent judgment, ITAT Lucknow has held that amount of Rs. 6,00,000/- claimed by assessee to have been received as gift from …

Assessee was entitled to GST exemption on renting of residential dwelling as hostel to students and working professionals In a recent judgment, Hon’ble Supreme Court has held that the assessee was entitled to GST exemption on renting of residential dwelling as lessee in turn leased out the property …

Conducting courses in gemmology, jewellery arts, jewellery design amounts to imparting of education entitling assessee benefit of exemption u/s 11 of the Income Tax Act. In a recent judgment, ITAT Mumbai has held that conducting courses in the field of gemmology, applied jewellery arts, jewellery design and manufacturing …

Addition quashed as alleged manipulation in share prices was merely a speculation and assumption of Assessing Office In a recent judgment, Hon’ble Rajasthan High Court has quashed addition made on account of bogus and dubious share transaction observing that shares have been manipulated was merely a speculation and …

When assesee did not deduct TDS on account of interim stay of High Court, it can’t be regarded as assessee in default under section 201(1) of the Income Tax Act. In a recent judgment, Hon’ble Kerala High Court has held that when assessee did not deduct TDS on …

Penalty u/s 271B is not attracted in a case where books of account have not been maintained In a recent judgment, ITAT Allahabad has held that penalty under section 271B of the Income Tax Act, 1961 is not attracted in a case in which books of account have …