Maharashtra Political Crisis : PIL In Bombay High Court Seeks FIR For "Public Nuisance" & "Sedition" Against CM Uddhav Thackeray, Sanjay Raut And Aditya Thackeray

A PIL has been filed in the Bombay High Court seeking registration of an FIR against the CM of Maharashtra Uddhav Thackarey, his son Aditya Thackarey and close aide MP Sanjay Raut for alleged "public nuisance" and sedition. Petitioner Hemant Patil, who claims to be a social and political activist from Pune, has further sought to restrain them from organising press conferences or tours...

Courts Should Make Every Endeavour To Dispose A Case On Merits Rather Than On Default: Kerala High Court

The Kerala High Court last week ruled that courts should attempt to dispose of matters on merit rather than on default and avoid utilising a hypertechnical approach when presented with a case. Justice C.S Dias held so after observing that a trial court had overlooked the timely submission of a written statement in a money suit merely because it contained certain formal defects. "I find that...

CIRP Conducted In A "Brazen Manner": IBBI Suspends Insolvency Professional For Three Years

The Disciplinary Committee of the Insolvency and Bankruptcy Board of India ("IBBI"), while adjudicating a Show Cause Notice dated 08.04.2022 in the matter of Mr. Partha Sarathy Sarkar (Insolvency Professional), has suspended the Insolvency Professional for a period of three years for acting in contravention of the Insolvency and Bankruptcy Code, 2016 ("IBC") and the IBBI...

Supply Of U-Bolt And Front Spring Bolt Made Up Of Steel Attracts 18% GST: AAR

The Uttarakhand Authority of Advance Ruling (AAR) consisting of members Anurag Mishra and Rameshwar Meena has ruled that 18% GST is payable on the supply of U-Bolt and Front Spring Bolt made up of steel.The applicant is in the business of manufacturing and supplying goods such as nuts, bolts, and springs, etc., and the application for advance ruling relates to the classification...

Chip Import Monitoring System Is Applicable For Air/Sea Shipments: DGFT

The Director General of Foreign Trade has issued the following clarifications regarding the Chip Import Monitoring System (CHIMS). The Notification No. 05/2015-2020 dated May 10, 2021 was issued amending the import policy of items covered under ITC (HS) codes 85423100, 85423200, 85423300, 85423900, and 85429000 falling under Chapter-85 of ITC (HS). As per the notification, the...

Reassessment Proceedings Can't Be Initiated On Same Set Of Facts Available: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the reassessment proceedings cannot be initiated by applying a fresh application of mind to the same set of facts available at the time of the original scrutiny assessment proceedings.The assessee is in the business of real estate. The assessee e-filed its return of income, declaring a total loss. The assessee...

NCLT Kolkata Initiates Insolvency Process Against The Personal Guarantor Of Gontermann-Pipers (India) Ltd.

The National Company Law Tribunal ("NCLT"), Kolkata Bench, comprising of Shri Rohit Kapoor (Judicial Member) and Shri Harish Chander Suri (Technical Member), while adjudicating a petition filed in UCO Bank v Vinod Kumar Mittal, has initiated Insolvency Resolution Process against Mr. Vinod Kumar Mittal, who is the Personal Guarantor to the loan sanctioned to Gontermann-Pipers (India)...

Expenditure Incurred After Set-Up of Business Is Allowable As Deduction, Even If No Business Income Is Earned By The Assessee : ITAT Chennai

The Chennai Bench of ITAT has ruled that once the business of an assessee is set-up, all the expenditure incurred by it would be allowable as deduction, notwithstanding the fact that no business income was earned by the assessee during the relevant year. The Bench, consisting of Mahavir Singh (Vice President) and Manoj Kumar Aggarwal (Accountant Member), reiterated that there may be...

Assessee To Be Given Minimum 7 Days Time To Respond To The Reassessment Notice: Meghalaya High Court

The Meghalaya High Court bench of Chief Justice Sanjib Banerjee and Justice W. Diengdoh has held that the assessee should be given a minimum of 7 days' time to respond to the reassessment notice.The petitioner/assessee has challenged the notice under Section 148 of the Income Tax Act, 1961 on the grounds that it has been issued without following the mandatory procedure under Section 148A...

Karnataka High Court Asks State About Steps Taken To Prevent Illegal Slaughtering Of Animals

The Karnataka High Court on Tuesday issued notice to the state government and other respondents, seeking their response about the steps taken pursuant to its order dated December 1, 2021 for prevention of illegal slaughtering of animals in the state. A division bench of Chief Justice Ritu Raj Awasthi and Justice Sachin Shankar Magadum issued notice to the respondents on a petition filed...

Competent Authority Can't Act Beyond Show Cause Notice: Gujarat High Court Cancels Forfeiture Of Land Allotted To Trust For Developing Playground

The Gujarat High Court has recently quashed the order passed by the Collector, Banaskantha which forfeited the allotment of land to a Public Trust for the purpose of developing a playground for school children. The High Court also directed the Respondent authority to decide the application for renewal of lease submitted by the Petitioner-Trust within 8 weeks.The development ensued after...

Justice Satish Chandra Sharma Takes Oath As Chief Justice Of Delhi High Court

Justice Satish Chandra Sharma on Tuesday took oath as the new Chief Justice of the Delhi High Court. Lieutenant Governor Vinai Kumar Saxena administered the oath to Justice Sharma at Raj Niwas, which is the secretariat of LG.Justice Sharma was previously serving as the Chief Justice of the Telangana High Court. His transfer was notified by the Central Government on June 19, 2022.The...