Value Of Sale Of Books Cannot Be Included In The Value Of Coaching Services, No Service Tax Payable: CESTAT

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the value of the sale of books cannot be included in the value of coaching services and service tax is not payable.The bench of P.K. Choudhary (Judicial Member) and K. Anpazhakan (Technical Member) has observed that since the value of the sale of books is separately identifiable from the...

Delhi Govt v. LG | Centre's Reasons For Review Of Supreme Court's Judgment

The Central Government, in its petition seeking review of the Supreme Court's judgment holding that the Government of National Capital Territory of Delhi (GNCTD) has legislative and executive power over administrative services in the National Capital, excluding matters relating to public order, police and land, has stated that the Constitution Bench judgement suffers from various errors...

ITAT Deletes Additions On Long Term Capital Gains On The Purported, Notional, Fictitious Sale Of Jewellery

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the income tax addition on account of long-term capital gains on the purported, notional, and fictitious sale of jewellery.The Bench of Yogesh Kumar US (Judicial Member) and B. R. R. Kumar (Accountant Member) has observed that there is no provision in the Income Tax Act to deem the difference between the value of...

Lawyer Writes To BCI Against Foreign Lawyers’ And Law Firms' Entry Rules, Says It Will Threaten Sovereignty

A Delhi-based lawyer has written a representation to the Bar Council of India and Union Ministry of Law and Justice against the recently notified Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022.Advocate Pawan Prakash Pathak has submitted that the power to recognize foreign degree qualification is not within the purview of the BCI alone and that...

BREAKING | Central Government Seeks Review Of Supreme Court Judgement Which Held That Delhi Govt Has Control Over "Services"

The Central Government has moved the Supreme Court today against its judgement holding that the National Capital Territory of Delhi has legislative and executive power over administrative services in the National Capital, excluding matters relating to public order, police and land. The Constitution Bench judgement had also held that the Lieutenant Governor shall be bound by the decision of...

Hiba: Gift Under Muslim Law- Questions & Answers By Justice V Ramkumar [Part-V]

Q.15 Can there be a gift of “mushaa” where the property is indivisible ? Ans. Yes. A valid gift may be made only of an undivided share which is not capable of partition. E.g. gift of an undivided share in a staircase is valid; a gift of an undivided share of the banks of a tank is valid if the banks are regarded as indivisible. (Vide Ala Baksa v. Mahabat Ali AIR...

Supreme Court Quarterly Digest On Insolvency And Bankruptcy Code [Jan – Mar, 2023]

Constitution of India, 1950; Article 142 - Insolvency of Reliance Home Finance Ltd (RHFL) - the Supreme Court allowed the Resolution Plan (RP) proposed by Authum Investments and Infrastructure Ltd. (AIIL) to cover the debenture holders of RHFL - the plan will not cover dissenting debenture holders - the dissenting debenture holders should be provided an option to accept the terms of...

Govt. Brings International Credit Card Spending Under LRS, 20% TCS Payable

By including credit card transactions in the $250,000 Liberalized Remittance Scheme (LRS) limit, the government has moved to amend the Foreign Exchange Management (Current Account Transaction) Rules after consulting with the RBI.The liberalized remittance scheme (LRS) enables citizens of India to send money abroad for a variety of predetermined uses without any restrictions or prior...

Delhi Govt vs Centre | Central Government Issues Ordinance Providing LG Powers Over "Services" In GNCTD

Just a few days after the Supreme Court's judgement holding that the National Capital Territory of Delhi has legislative and executive power over administrative services in the National Capital, excluding matters relating to public order, police and land, the Central Government has issued an ordinance to constitute ‘National Capital Civil Services Authority’ in Delhi. As per the...

Sameer Wankhede Cites Alleged Chats With Shahrukh Khan To Counter CBI's Extortion Allegations In Cruise Ship Case, Says Khan Praised His Integrity

Former NCB officer Sameer Wankhede has cited before the Bombay High Court his alleged chats with actor Shah Rukh Khan after Aryan Khan’s arrest in the Cordelia Cruise Ship Case, to counter the allegation of extortion against him in CBI's FIR.“Mr. Shahrukh Khan has, vide his messages, clearly portrayed that he has no grievances against the Petitioner (Wankhede) and has only requested to...

'Judges Are Not Employees Of State, District Judiciary's Independence Part Of Basic Structure' : Supreme Court

The Supreme Court today pronounced its judgement in the All India Judges Association v. Union of India matter, which was pertaining to pay hike of judicial officers as per the recommendations of the Second National Judicial Pay Commission (SNJPC). Through its judgement, which was authored by Justice PS Narasimha, the court examined and accepted various recommendations of the SNJPC on...

Independence Of Supreme Court Important, Not Difficult For A Democracy With Constitution To Slip Into Chaos : Justice KM Joseph

Outgoing Supreme Court judge Justice KM Joseph speaking at the farewell function organised by the Supreme Court Bar Association said that “the judges of the Supreme Court are the most overworked judges in the world. It is a tremendous job and without the assistance of the bar, judges will not be able to do what they are doing.”Justice Joseph also spoke on the importance of the independence...