Supreme Court

  • Covid19

No interest on interest/compound/penal interest for moratorium period irrespective of sanctioned loan limit -SC

No interest on interest/compound interest/penal interest for moratorium period from any borrowers irrespective of sanctioned loan limit – Supreme Court…

3 years ago
  • bankruptcy

Person ineligible u/s 29A of IBC to submit resolution plan, barred from proposing scheme of compromise & arrangement

Person ineligible u/s 29A of IBC 2016 to submit a resolution plan, also barred from proposing a scheme of compromise…

3 years ago
  • Limitation

Extension of limitation period due to covid-19 ended by Supreme Court

Extension of limitation period due to covid-19 ended by Supreme Court. Period from 15.03.2020 till 14.03.2021 to be excluded. ABCAUS…

3 years ago
  • Excise/Custom

Relays manufactured for use only as Railway signaling was classifiable under heading 8536 – SC

Relays manufactured for use only as Railway signaling was classifiable under heading 8536 following equipment predominant use or sole/principal use…

3 years ago
  • Income Tax

Payment to non-resident for resale/use of software through EULAs agreements not liable to TDS u/s 195  

Payment to non-resident for consideration for resale/use of computer software through EULAs/distribution agreements not liable to TDS u/s 195  …

3 years ago
  • bankruptcy

IBC is a special statute which must prevail over Companies Act 2013 – Supreme Court

IBC is special statute, must prevail over Companies Act 2013. Section 7 IBC Petition maintainable post admission of winding up…

3 years ago
  • Bank

Supreme Court fixes banks liability on locker operation. says Banks cannot wash off hands and claim no liability

Supreme Court fixes banks liability on locker operation. Banks cannot wash off hands and claim no liability towards their customers–Supreme…

3 years ago
  • Prevention of Money Laundering Act 2002

SC directs defreezing of bank account seized under PMLA to pay statutory dues

SC directs defreezing of bank account seized under PMLA to pay statutory dues due to non observance of procedure prescribed…

3 years ago
  • Sales Tax

Plurality of transactions no condition to be classified as Casual Trader under Rajasthan Sales Tax Act

Plurality of transactions no condition to be classified as Casual Trader under Rajasthan Sales Tax Act – Supreme Court. Grammatical…

3 years ago
  • Income Tax

Deduction u/s 80P allowable despite loans by co-operative societies to members not related to agriculture

Deduction u/s 80P(2)(a)(i) allowable despite loans by co-operative societies to members not related to agriculture.  ABCAUS Case Law CitationABCAUS 3440…

3 years ago