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Consideration Paid For Purchase Of Advertisement Space Does Not Amount To 'Royalty' Under Income Tax Act: ITAT Chennai
The Chennai Bench of ITAT has ruled that consideration paid for purchase of advertisement space does not amount to 'royalty' under the Income Tax Act, 1961. The Bench, consisting of members Mahavir Singh (Vice President) and Dr. M. L. Meena (Accountant Member), held that the Finance Act, 2016 recognizes providing advertising space as a 'specified service', which is subject...
'What Is This, Advocates Filing?': Supreme Court Refuses To Issue Notice On Lawyers' PIL Challenging Jahangirpuri Demolitions
Though not eager to issue notice, the Supreme Court, on Friday, asked its registry to list a plea seeking quashing of notification issued by the North Delhi Municipal Corporation which had called for the demolitions in the riot-hit Jahangirpuri and also sought compensation for the losses caused in the process, with the other petitions pending before it in this regard. "We will list...
"Subrata Roy Has No Respect For Court Orders": Patna High Court Orders Bihar DGP To Produce Him In Court On May 16
Coming down heavily on Sahara India Group Head Subrato Roy as he failed to remain present before it, pursuant to its direction in that regard, the Patna High Court today directed Bihar DGP to produce him in the Court on May 16, 2022 (Monday). The Bench of Justice Sandeep Kumar has further directed the Commissioner of Police, Delhi, and the Director-General of Police, Uttar Pradesh to...
Credit Worthiness Of The Creditor And Genuineness Of Transaction Explained By The Assessee: Bombay High Court Quashes Re-assessment Notice
The Bombay High Court has quashed the reassessment notice. The assessee explained the credit worthiness of the creditor and the genuineness of the transaction.The division bench of Justice K.R. Shriram and Justice N.R. Borkar observed that the re-opening proposed was purely based on a change of opinion. The assessing officer was also satisfied with the credit worthiness and...
Revenue Did Not Probe Further, Clandestine Removal Of Goods Not Established: CESTAT Drops The Demand Of Excise Duty
The Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) consisting of Anil Choudhary (Judicial Member) and P. Anjani Kumar (Technical Member) has held that clandestine removal is a serious charge and needs to be established with cogent evidence.The department has challenged the dropping of a demand of Rs. 9,94,65,997 by the Commissioner out of the total...
Duomatic Principle In Company Law Applicable Even In Indian Context: Supreme Court
The Supreme Court observed that Duomatic Principle that 'strict adherence to a statutory requirement may be dispensed with if it is demonstrated otherwise on facts, if the same is consented by all members' is applicable even in the Indian context.The bench comprising Justices Vineet Saran and JK Maheshwari clarified that the said principle is only applicable in those...
Law Universities Should Set Exemplary Principles, Not Indulge In Diluting Tactics: Orissa HC Raps NLUO For Not Adhering To Uniform Service Conditions For Employees
The Orissa High Court on Tuesday came down heavily on National Law University of Odisha (NLUO) for applying different principles in case of different employees without having a codified service condition. Justice Biswanath Rath was adjudicating upon a plea moved by one Sabyasachi Mohanty who was appointed as an assistant finance officer on contractual basis in October 2016. He had challenged...
SDPI & PFI Extremist Organisations Indulging In Serious Violent Acts; All The Same They Are Not Banned : Kerala High Court
The Kerala High Court while dismissing a plea filed by the wife of deceased Rashtriya Swayamsevak Sangh (RSS) worker Sanjith seeking the investigation to be transferred to the CBI, observed that the accused belonged to extremist outfits.Justice K. Haripal had pronounced the judgment earlier this month after weeks of elaborate hearing, permitting the State Police to continue with their probe....
Electricity Act - An Association Of Corporate Bodies Can Establish A Captive Power Plant Primarily For Their Own Use: Supreme Court
The Supreme Court observed that an association of corporate bodies can establish a captive power plant primarily for their own use.Shri Bajrang Power and Ispat Ltd. ("SBPIL") established a Captive Generation Plant. Shri Bajrang Metallics and Power Ltd. ("SBMPL") is a sister concern of SBPIL. SBPIL submitted a petition to the Chhattisgarh State Electricity Regulatory Commission ...
Continue Vigilance, Issue Challans To E-Rickshaws & E-Carts Without Fitness Certificates: Delhi High Court Directs State
The Delhi High Court has directed the Delhi Government to continue with the vigilance and issue challans to e-rikshaws and e-carts which do not have fitness certificates to ply on the roads. A division bench comprising Acting Chief Justice Vipin Sanghi and Justice Navin Chawla was dealing with a public interest litigation stating that there are about 22,000 unauthorized autos and...
"Nobody Dares To Depose Against Dreaded Criminals Out Of Fear": Allahabad HC Denies Bail To Atique Ahmad's Aid In Abduction Case
The Allahabad High Court on Thursday denied bail to the prime associate of former MP Atique Ahmad (who is currently lodged in Deoria Jail) in connection with an Abduction-Extortion case.While doing so, the Bench of Justice Krishan Pahal also stressed that in the changing social circumstances, it has now become obvious that nobody dares to depose against the dreaded and hardened criminals out...
Supreme Court Directs All AIIMS Institutes To Adopt Roster Based Reservation For Preferential Candidates As Followed By JIPMER
While hearing a plea seeking direction to AIIMS to have a defined criteria for arriving at seat matrix for institutional preference candidates in INI-CET examination, the Supreme Court, on Friday, directed all AIIMS Institutes to adopt roster based reservation followed by Jawaharlal Institute of Postgraduate Medical Education and Research, Pondicherry (JIPMER). "We direct that the...