S. 194-I Income Tax Act | TDS Can't Be Deducted In Absence Of Payment Of Rent: Orissa High Court

The Orissa High Court has held that in absence of payment of rent, the obligation to deduct tax at source ('TDS') under Section 194-I of the Income Tax Act, 1961 ('the Act') does not arise at all. Notably, the said provision deals with 'TDS on rent'. While dismissing an Income Tax Appeal, a Division Bench of Chief Justice Dr. S. Muralidhar and Justice R.K. Pattanaik...

Resolution Plan Can't Be Rejected On A Perceived Grievance By A Suspended Director Who Failed To Take Steps- NCLT Kolkata

The NCLT, Kolkata Bench comprising of Shri Rajasekhar V.K. and Shri Balraj Joshi in the case of Anand Kariwala Vs. Mr. Partha Pratim Ghosh, Resolution Professional held that initiation of CIRP against the Corporate Debtor does not bar the suspended Board of Directors (BOD) from objecting to the acts of the Resolution Professional (RP), if the same are prejudicial to the interests of...

Prevention Of Money Laundering Act | "For Money-Launderers Jail Is The Rule And Bail Is An Exception": Allahabad High Court

While rejecting the anticipatory bail application of a person booked under the Prevention of Money Laundering Act, 2002, the Allahabad High Court observed that for money-launderers Jail is the rule and bail is an exception. The bench of Justice Krishan Pahal observes thus as it stressed that money Laundering as an offence is an economic threat to national interest and is committed by...

"Where Is Communal Intent In Speech?" Delhi High Court Reserves Judgment On Brinda Karat's Appeal Seeking FIR Against Anurag Thakur & Parvesh Verma

The Delhi High Court on Friday reserved its judgment on a plea filed by CPM leader Brinda Karat and politician KM Tiwari against a trial court order rejecting her plea for registration of FIRs against BJP leaders Anurag Thakur and Parvesh Verma for allegedly delivering hate speeches in the year 2020. About the CaseThe plea refers to various speeches made by the two politicians including...

Officers Can't Promote Encroachers By Allotting Alternative Lands In Absence Of Statutory Provision: Madras High Court

Madras High Court has once again made clear its rigid stand on the removal of water body encroachments by stating that officers can't be allowed to promote encroachers by allotting alternative lands elsewhere.The first bench of Chief Justice Munishwar Nath Bhandari and Justice D Bharatha Chakravarthy noted that allotment of such alternative lands would only promote the tendency to...

CBI Registers FIR To Probe Kerala Advocates Welfare Fund Scam

The Central Bureau of Investigation has registered an FIR to probe into the scam involving the misappropriation of over ₹7.5 crores from the Kerala Advocates Welfare Fund. The amount was allegedly swindled through fake documents over a span of 10 years.The Kerala High Court had recently directed a CBI investigation into the scam weighing the depravity of the offence. The fund was constituted...

Rent Free Accomodation Provided By Partner To Partnership Firm Is Exigible To GST: Tamil Nadu AAR

The Tamil Nadu Bench of the Authority for Advance Ruling, consisting of members T.G. Venkatesh and K. Latha, has ruled that GST is liable to be paid in respect of properties of a Partner rented to a partnership firm, even if it is free of rent, to carry out the business of the firm, since the activity is in furtherance of business and amounts to supply under Section 7 read with Schedule 1...

Remuneration From Partnership Not 'Gross Receipt' For Purpose Of Audit Under Section 44AB Of Income Tax Act: Bombay High Court

The Bombay High Court has ruled that remuneration received from partnership firm cannot be treated as gross receipt in profession for the purpose of compulsory audit under Section 44AB of the Income Tax Act, 1961. The Bench, consisting of Justices K.R. Shriram and N.J. Jamadar, ruled that none of the clauses under Section 44AB envisage the situation where an assessee is carrying on...

Shareholders Of RCFL Permitted To Carry Out A Voting Process Based On Debenture Trust Deeds In Compliance With RBI Circular: Bombay High Court Dismisses SEBI's Appeal

The Bombay High Court bench of Justice Milind N. Jadhav and Justice S.J. Kathawalla, while dismissing the appeal filed by the Securities and Exchange Board of India (SEBI), has permitted the shareholders of Reliance Commercial Finance Ltd. (RCFL) to carry out a voting process based on debenture trust deeds (DTDs) in compliance with the circular issued by the Reserve Bank of...

Kerala Court Denies Bail To Tattoo Artist Sujeesh In Two Rape Cases

A Sessions Court in Kerala has dismissed a couple of bail applications preferred by tattoo artist Sujeesh PS who was accused of rape by two women. Sujeesh, who runs two tattoo studios in the State, had recently made the front page for reportedly sexually abusing multiple women while tattooing them.Additional Sessions Judge Shibu Thomas noted that the investigation was still in the...

Bombay High Court Seeks ED's Response In Anil Deshmukh's Plea For Bail In Money Laundering Case, Hearing On April 8

Former Maharashtra Home Minister Anil Deshmukh has sought bail from the Bombay High Court in case under the Prevention to Money Laundering Act after it was rejected by the special court last week. Justice Anuja Prabhudessai of the High Court has granted a week's time to the Enforcement Directorate to file its reply on the application and kept it for a hearing on April 8....

Even If 'GOD' Encroaches Upon Public Space, Will Order Its Removal: Madras High Court

Madras High Court has observed that "even if GOD encroaches upon public space, Courts will direct removal of such encroachments", since public interest and the rule of law must be safeguarded and upheld.The High Court harshly criticised the encroachment made by Arulmighu Palapattarai Mariamman Tirukoil on a public street by stating that courts are no more concerned by 'who or in what name'...