Service Tax Exemption On Handling Of Agriculture Produce By A Cargo Handling Agency: CESTAT

The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax is exempted from the handling of agricultural produce by a cargo handling agency.The bench of Ramesh Nair (Judicial Member) and C.L. Mahar (Technical Member) has noted that as per Notification No. 10/2002-Service Tax dated. 01.08.2002, the government exempts the taxable...

Adjustment Of Difference In Depreciation To The Profits Eligible For Income Tax Exemption: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that adjustment of the difference in depreciation to the profits makes them eligible for income tax exemption.The bench of Amit Shukla (Judicial Member) and Padmavathy S. (Accountant Member) has observed that the adjustment of the difference in depreciation to the profits eligible for exemption under Section 10A will not...

Assessment Order Issued Without DIN, Invalid; S. 292B Of ITA Not Applicable: Delhi High Court

The Delhi High Court has upheld the order of the Income Tax Appellate Tribunal (ITAT) where it had set aside the assessment order issued by the Income Tax Department without quoting the Document Identification Number (DIN). The court remarked that in view of the CBDT Circular no. 19/2019, dated 14.08.2019, all assessments, appeals, orders, which find mention in paragraph 2 of the...

Once Additions Made Under Black Money Act The Same Addition Cannot Be Made Under Income Tax Act: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that once additions have been made under the Black Money Act, the same additions cannot be made under the Income Tax Act on the same set of facts.The bench of C.N. Prasad (Judicial Member) and N.K. Billaiya (Accountant Member) has upheld the order of the CIT(A), in which it was held that the addition so made by the AO amounts...

DGFT Lays Down Procedure For Applying For Amnesty Scheme For One-Time Settlement Of Default In Export Obligation

The Director General of Foreign Trade (DGFT) has laid down the procedure for applying for the amnesty scheme for one-time settlement of default in export obligations by Advance and Export Promotion Capital Goods (EPCG) authorization holders.The application for AA/EPCG discharge or closure shall be filed online by logging onto the DGFT website.The applicant shall select the checkbox for...

2002 Naroda Gam Massacre Case| Ahmedabad Special Court Acquits All 67 Accused Including Ex-Minister Maya Kodnani, Babu Bajrangi

A special court in Gujarat's Ahmedabad District today ACQUITTED all 67 accused including former minister Maya Kodnani, ex-Bajrang Dal leader Babu Bajrangi and Vishwa Hindu Parishad leader Jaydeep Patel in the 2002 Gujarat Riots-Naroda Gam Massacre Case.Special Judge Shubhada Krishnakant Baxi acquitted them of charges under Sections 302 (murder), 307 (attempt to murder), 143 (unlawful...

'Being An MP, Rahul Gandhi Should Have Been More Careful With His Words', Says Surat Court Denying Him Relief In Defamation Case

Dismissing Rahul Gandhi's application seeking a stay on his conviction in the 'Modi Surname' defamation case, the Surat Sessions Court today said that being a Member of Parliament and President of the second largest political party, Gandhi should have been more careful with his words, which would have a large impact on the mind of people.Surat Sessions Court Judge Robin Mogera also observed...

Creditor Who Don’t Submit Claim Or Raises Issues In CIRP, Has No Right To Challenge Resolution Plan: NCLAT Delhi

The National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, comprising of Justice Rakesh Kumar Jain (Judicial Member) and Shri Naresh Salecha (Technical Member), while adjudicating an appeal filed in Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd. v Jagdish Kumar & Anr., has held that a creditor who neither submits its claim before the...

Supreme Court Collegium Recommends Justice M S Ramachandra Rao As Chief Justice Of Himachal Pradesh High Court

The Supreme Court collegium comprising of CJI DY Chandrachud and Justices Sanjay Kishan Kaul, K M Joseph, M R Shah and Ajay Rastogi on Wednesday proposed the appointment of Justice M S Ramachandra Rao As Chief Justice Of Himachal Pradesh High Court.Justice M S Ramachandra Rao was appointed as a Judge of the High Court of Andhra Pradesh on 29 June 2012. On the bifurcation of the State of...

Transfer Justice T Raja From Madras HC To Rajasthan HC At The Earliest : SC Collegium Reiterates

The Supreme Court Collegium has reiterated the transfer of Justice T Raja, Acting Chief Justice of the Madras High Court to the Rajasthan High Court.Justice T Raja, who will attain superannuation on May 24 this year, assumed the office of Acting Chief Justice of Madras High Court in September 22, 2022 and has continued in office since thenThrough a resolution dated November 16 2022, the...

Supreme Court Collegium Recommends Appointment Of Justice Augustine George Masih As Rajasthan High Court Chief Justice

The Supreme Court Collegium on Wednesday recommended the appointment of Punjab & Haryana High Court judge, Justice Augustine George Masih, as the Chief Justice of the Rajasthan High Court. The vacancy arose consequent to the elevation of earlier Chief Justice, Justice Pankaj Mithal from the Rajasthan High Court to the Supreme Court.Justice Masih is the senior most puisne judge of the...

Supreme Court Collegium Recommends Justice S.V. Bhatti As Next Chief Justice Of Kerala High Court

The Supreme Court Collegium has recommended Justice S.V. Bhatti as the next Chief Justice of the Kerala High Court. The present Chief Justice S. Manikumar is set to retire on April 24, 2023. In view of the same, the collegium recommended Justice Bhatti as the next Chief Justice of the High Court.Justice Bhatti is senior-most Judge from the Andhra Pradesh High Court, who is presently...