CESTAT Appeal Abates From The Date Of Approval Of The Resolution Plan By The NCLT: CESTAT

The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that from the date of approval of the resolution plan by the National Company Law Appellate Tribunal (NCLT), the appeal filed by the applicant has abated, and CESTAT has become functus officio in the matters relating to the appeal filed by Jet Airways.The bench of S.K. Mohanty (Judicial Member) and...

CBDT Notifies Income Tax Exemption To FSSAI

The Central Board of Direct Taxes (CBDT) has notified the income tax exemption to Food Safety and Standards Authority of India (FSSAI) under clause (46) of section 10 of the Income-tax Act, 1961.The Food Safety and Standards Authority of India is an Authority established by the Ministry of Health and Family Welfare, Government of India.The CBDT has exempted various incomes of...

Delhi High Court Quashes Penalty Order Under BMA On Failure Of Dept. To Consider Assessee’s Email

The Delhi High Court has quashed the penalty order under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA) for non-consideration of the assessee’s email.The bench of Justice Rajiv Shakdher and Justice Tara Vitasta Ganju has observed that, as per the reply filed by the petitioner/assessee, his assertion was that the penalty proceedings should be...

Bombay High Court Quashes Reassessment Triggered On A Change Of Opinion As To The Calculation Of Tax Payable By The Assessee

The Bombay High Court has quashed the reassessment proceedings triggered by a change of opinion as to the calculation of tax payable by the assessee.The bench of Justice Dhiraj Singh Thakur and Justice Kamal Khata has found no substance in the AO’s reason to believe that income chargeable to tax has escaped assessment in so far as there is no mention of any tangible material that led to...

Transfer Of Goods By Power Grid Corporation To Its Contractor Does Not Involve Transfer Of Ownership, Hence No Sale: Jammu & Kashmir High Court

The Jammu & Kashmir High Court has held that sales tax is not leviable on materials purchased by Power Grid Corporation from outside the state and transferred to contractors.The bench of Justice Sanjeev Kumar and Justice Rajesh Sekhri has observed that the transaction between the assessee, Power Grid Corporation, and the contractors in which the assessee supplied the goods and...

Supreme Court Dismisses Plea Of Sukesh Chandrashekhar & Wife Seeking More Time For Meeting With Lawyers

The Supreme Court, on Tuesday, refused to entertain a writ petition filed by alleged conman Sukesh Chandrashekhar and wife Leena Paulose seeking extension in the visitation time allotted by jail authorities to meet family, friends and legal representatives.Noting that the accused persons were not in a position to seek such ‘privileges’ and make such ‘extraordinary demands’, a ...

4 Hindu Women Worshippers Move Application In Varanasi Court For ASI Survey Of Entire Gyanvapi Mosque Premises

In a significant development in the Kashi Vishvanath-Gyanvapi Mosque dispute cases, 4 Hindu women worshippers have moved an application before the Varanasi District Judge seeking a survey of the entire Gyanvapi mosque premises by the Archaeological Survey of India (ASI) to find out as to whether the Mosque had been constructed over a pre-existing structure of the Hindu temple.The...

Weekly Digest Of IBC Cases: 8 May To 14 May 2023

Supreme Court IBC | Date Of Order Pronouncement & Time Taken To Provide Certified Copy Excluded From Limitation Period For Appeal To NCLAT: Supreme Court Case Title: Sanket Kumar Agarwal & Anr v APG Logistics Private Limited Citation: 2023 LiveLaw (SC) 406 The Supreme Court Bench comprising Chief Justice of India Dr. Dhananjaya Y Chandrachud and Justice J...

Karnataka AG Prabhuling K Navadgi, AAG Dhyan Chinnappa Resign

Advocate General of Karnataka Prabhuling K Navadgi on Sunday tendered his resignation to Governor Thaawar Chand Gehlot. Navadgi was appointed as the AG in July 2019. In his tenure he represented the State government in important cases like, Hijab ban, 25 percent reservation for Karnataka students at the National Law School University of India. He defended the Karnataka Police (Amendment)...

Supreme Court Judge Justice Surya Kant Inaugurates Regional Judicial Academies At Five Different Districts Of Odisha

Five newly established Regional Judicial Academies (RJAs) at Angul, Balasore, Sambalpur, Ganjam at Berhampur & Koraput at Jeypore were inaugurated on Saturday by Justice Surya Kant, Judge Supreme Court of India in presence of Dr. Justice S. Muralidhar, Chief Justice and Judges of Orissa High Court in virtual mode from Odisha Judicial Academy, Cuttack.While addressing the gathering,...

Tax Cases Weekly Round-Up: 07 May to 13 May, 2023

Supreme Court Prickly Heat Powder Is Not A ‘Medicine’ For The Purpose Of Sales Tax In Kerala & Tamil Nadu: Supreme Court Case Title: Heinz India Limited v The State of Kerala Citation: 2023 LiveLaw (SC) 411 The Supreme Court Bench has held that prickly heat powders fall under the category of ‘medicated talcum powder’ and not ‘medicine’ for the...

Arbitration Cases Weekly Round-Up: May 07 To May 13, 2023

Supreme Court: Award Can Be Said To Be Suffering From 'Patent Illegality' Only If It Is An Illegality Apparent On The Face Of It : Supreme Court Case Title: Reliance Infrastructure Ltd. vs State of Goa The Supreme Court has observed that an award could be said to be suffering from “patent illegality” only if it is an illegality apparent on the face of the award and the...