News Updates
‘Pizza’ And ‘Sandwiches’ Are ‘Cooked Foods’: Rajasthan High Court Allows Exemption Of Payment Of VAT In Excess Of 5%
The Jaipur Bench of the Rajasthan High Court has held that the sale of ‘pizza’ and ‘sandwich’ would qualify as the sale of ‘cooked food’ and the sale shall be eligible for the exemption of payment of Value Added Tax (VAT) in excess of 5%.The Bench of Justice Sameer Jain has observed that the term ‘cooked food’ is confined to those cooked things that one generally takes at...
NLSIU Tops NIRF Ranking 2023, NLU-Delhi At Second Place
National Law School of India University at Bengaluru has retained its No. 1 position in the National Institutional Ranking Framework (NIRF) for Law Institutions in 2023. This is the 6th year in a row that the University has secured the top spot in the NIRF rankings. NLSIU has scored 80.52 in this years rankingNational Law University at Delhi has secured the second rank with 73.91....
Delhi Riots: Court Pulls Up Delhi Police For ‘Insensitive Approach’, Imposes Rs 2,000 Cost To Be Paid To Each Accused
A Delhi Court recently pulled up the Delhi Police and the special public prosecutor for their “insensitive approach” in failing to file on time a calendar of evidence and supplementary chargesheet in a case concerning the 2020 North East Delhi riots. Additional Sessions Judge Pulastya Pramachala of Karkardooma Courts granted last opportunity to the prosecution for complying with...
‘Should Be Entitled To Come To Supreme Court At Earliest ...’: Justice MM Sundresh Recalls Telling Lawyers About Justice Sivagnanam
Speaking at an event organized by the Madras Bar Association to felicitate Justice SV Gangapurwala, Chief Justice of Madras High Court, and Justice TS Sivagnanam, Chief Justice of Calcutta High Court, the Supreme Court judge Justice MM Sundresh said that Justice Sivagnanam had received much appreciation from the Calcutta bar for his work. Justice Sundresh recounted an incident where he...
1991 Awdhesh Rai Murder Case: Varanasi Court Convicts Ex-UP MLA Mukhtar Ansari, Sentences Him To Life Imprisonment
Today, a Court in Uttar Pradesh’s Varanasi Court convicted former UP MLA Mukhtar Ansari in connection with the 1991 Awadhesh Rai murder case. Special Judge (MP/MLA) Avneesh Gautam convicted him today after a hearing in the case concluded on May 19. He has been sentence to life imprisonment. A fine of Rs. 1 lakh has also been imposed upon him. It may be noted that on August 3,...
Mumbai Court Directs Economic Offences Wing To Investigate Former FMC Chairman Ramesh Abhishek's Role In NSEL Crisis
A Special Court in Mumbai recently directed the Economic Offences Wing to investigate the role of former Forward Markets Commission (FMC) chairman Ramesh Abhishek in the 2013 National Spot Exchange Ltd. (NSEL) payment default crisis.Special Judge A.S. Sayyad under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act) opined that NSEL has...
Press Should Not Publish Anything Manifestly Defamatory Against An Individual Or Institution, Can’t Exceed Limit Of Fair Comment: Delhi Court
Observing that the press should not exceed the limit of fair comment, a Delhi Court recently said that the press must not publish anything which is manifestly defamatory against any individual or institution, unless it is duly verified and there is sufficient reasons to believe that it is true and the publication will be for public good. Emphasizing that there is an universal recognition...
AFT Orders Disability Pension To Army Personnel Injured While Procuring Railway Tickets To Return To Posting, Says It Is 'Incidence Of Service'
The Armed Forces Tribunal (AFT) Jammu recently ordered disability pension to an army personnel who got injured while travelling to the railway station to book tickets for returning to a military unit. It was of the view that the accident is connected with the service and can thus be considered an 'incidence of service' when assessing an application for the approval of disability...
CBDT Proposes Changes To Rule 11UA In Respect Of Angel Tax, Notifies Excluded Entities
The Central Board of Direct Taxes (CBDT) has proposed the changes to Rule 11UA in respect of Angel Tax and has also notified the excluded entities.In the Finance Act, 2023, an amendment has been introduced to bring the consideration received from non-residents for the issue of shares within the ambit of Section 56(2)(viib) of the Income-tax Act, 1961. It provides that if such consideration...
E-Filing Of “Audit Report” Beyond The Date, Violative Of CBDT Circular: ITAT Denies Section 11 Exemption to Trust
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) refused to grant the exemption under Section 11 of the Income Tax Act on the grounds that the trust e-filed the "audit report" in Form 10B beyond the date.The bench of Ravish Sood (a judicial member) has observed that the assessee trust had e-filed or uploaded the "audit report" in Form 10B as of June 21, 2019, which was much beyond...
Relationship Between Consultant Doctor And The Hospital Can't Be seen As Employer Employee : ITAT Deletes Addition
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition made towards short deduction of TDS and held that the relationship between a Professional Doctor consultant and the Hospital cannot be treated as an Employer-Employee relationship unless there exist specific Rules and Provisions in the contract of appointment between the consultant and Hospital.The bench of...
NLU-Delhi Is Not Engaged In Business: ITAT Quashes Income Tax Penalty
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the penalty under Section 271B of the Income Tax Act on the grounds that the NLU-Delhi is not engaged in "business" and exists solely for educational purposes.The bench of Anubhav Sharma (Judicial Member) and Anil Chaturvedi (Accountant Member) has observed that to justify invoking the mandate of Section 44AB, it...