Category: Supreme Court
Supreme Court new pattern of case listing from 04.02.2019 for quick listing of fresh matters, publication of final cause list The revised norms as per circular issued are as under: (a) fresh matters verified on Friday in the post lunch session, Saturday, Monday and Tuesday in the …
Depreciation to be computed only on sum insured in the absence of fraud, coercion or misrepresentation. Parties in insurance contract bound by sum insured – SC In an important judgment, the Hon’ble Apex Court has held that Depreciation to be computed only on sum insured in the absence of …
Appellate forum for appeals against order u/s 51 of FERA whether filed prior or after 01.06.2000 is Appellate Tribunal under FEMA – SC ABCAUS Case Law Citation:ABCAUS 2759 (2019) (01) SC The Foreign Exchange Regulation Act, 1973 (FERA) was repealed with effect from 01.06.2000 and replaced by Foreign Exchange Management Act, 1999 (FEMA). The issue involved in this case was …
Winding up Petition after secured creditor obtained decree from DRT and recovery certificate issued upheld by the Supreme Court ABCAUS Case Law Citation: ABCAUS 2758 (2019) (01) SC Important Case Laws Cited/relied upon by the parties Allahabad Bank v. Canara Bank, (2000) 4 SCC 406 Amalgamated Commercial Traders …
Carry forward of unabsorbed depreciation beyond 8 years for periods prior to amendment to section 32(2)- SC dismisses SLP of the ITD ABCAUS Case Law Citation: ABCAUS 2746 (2019) (01) SC The Hon’ble Supreme Court has dismissed the Special Leave Petition (SLP) of the Income Tax Department against …
Reopening for verification of purchases from hawala dealer-Supreme Court dismisses SLP of the Department challenging dismissal of appeal by High Court ABCAUS Case Law Citation:ABCAUS 2745 (2019) (01) SC The Hon’ble Supreme Court has dismissed the Special Leave Petition (SLP) of the Income Tax Department against the decision …
Supreme Court upheld Constitutional Validity of various provisions of the Insolvency and Bankruptcy Code, 2016 ABCAUS Case Law Citation: ABCAUS 2744 (2019) (01) SC Important Case Laws Cited/relied upon: Madras Bar Association v. Union of India, (2015) 8 SCC 583 The Petitioners had challenged the constitutional validity of …
Supreme Court stays arrest of petitioner under GST Act, directs release on bail in the event of arrest ABCAUS Case Law Citation: ABCAUS 2741 (2019) (01) SC The Hon’ble Supreme Court has stayed the arrest of the petitioner under GST Act on the condition that he appears before …
Acceptance of loans by passing journal entries in books of accounts not in violation of section 269SS hence no penalty u/s 271D imposable – SC dismisses SLP of ITD ABCAUS Case Law Citation: ABCAUS 2735 (2019) (01) SC Important Case Laws Cited/relied upon: Commissioner of Income Tax Vs. Triumph International Finance (I) Ltd. Premier Breweries Ltd. Vs. Commissioner of Income Tax, 372 ITR 180. Commissioner of Income Tax Vs. Noida Toll Bridge Co. Ltd. 262 ITR 260 Sunflower Builders Vs. Dy.CIT, 1997 (61) ITD (Pune) 227, Asst.CIT …
When ITAT inspected documents furnished in response to show-cause notice u/s 263 and found transactions not bogus, no interference was called. Supreme Court dismissed SLP of the Revenue ABCAUS Case Law Citation: ABCAUS 2729 (2019) (01) SC Important Case Laws Cited/relied upon: The Revenue had filed an Income …
