The Insolvency And Bankruptcy Board Of India Notifies Corporate Voluntary Liquidation Process Regulations

The Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2016.The regulations provide for complete procedure in case of voluntary liquidation of corporate persons i.e. companies, limited liability partnership and any other person incorporated with limited liability.To initiate a voluntary...

Trial Judge Is Participant Of Trial, Not A Referee Or Umpire: Bombay HC [Read Judgment]

The Bombay High Court has held that the role of a trial judge is not that of a referee, umpire or even a prosecutor, but that of a participant in a trial.Justice AM Badar made some significant observations regarding the role of a trial judge while hearing an appeal filed against an order dated January 15, 2001, convicting the appellant of offence punishable under Section 3 (1) (x) of...

The Income Declaration Scheme, 2016: No Bar To Claim Credit Of Advance Tax Paid Relative To The Assessment Years [Read Judgment]

The Delhi High Court in Kumudam Publications Private Limited v. Central Board of Direct Taxes & Others has held that “there is no bar for an assessee or declarant to claim credit of advance tax amounts paid previously i.e. before making declaration under the IDS,  relative to the assessment years or period for which it seeks benefits under the Income Declaration  Scheme,...

One Page ITR 1: CBDT Simplifies Income Tax Return Filing For Individuals

In a step to reduce the compliance burden of around 2 crore tax payers the Central Board of Direct Taxes notified simplified income tax returns (ITR) form for individuals. These ITR forms will be for the assessment year 2017-18 and filed electronically from April 1, 2017.At present, ITR 1 (Sahaj) is filed by an individual having income from salary, one house property and other income...

Justice Indira Banerjee Appointed As CJ Of Madras HC,12 Addl. HC Judges Made Permanent

President of India Pranab Mukherjee has appointed Justice Indira Banerjee, Judge of the Delhi High Court, as the Chief Justice of the Madras High Court with effect from the date she assumes charge of her office.Additional Judges Appointed as Permanent JudgesPresident has appointed the following Additional Judges of Orissa, Kerala Jharkhand and MP High Courts as permanent Judges.Kerala...

Delhi HC Rejects HP CM Virbhadra Singh Plea Against CBI Investigation In Disproportionate Assets Case [Read Judgment]

Justice Vipin Sanghi also rejects request of recusal.In yet another setback to Himachal Pradesh Chief Minister Virbhadra Singh, the Delhi High Court has dismissed his plea seeking quashing of a disproportionate assets case against him registered by the Central bureau of Investigation.Earlier, the Supreme Court had transferred the said plea by the Chief Minister of Himachal Pradesh from...

Luxury Tax Must For Members Availing Of Free Accommodation Under Timeshare Deal: Kerala HC [Read Judgment]

The Kerala High Court, in M/s Mahindra Holiday & Resort India Ltd. & Others vs The Intelligence Officer & Others, has held that “the timeshare arrangement i.e. agreement between the assessee and the member relating to accommodation for residence or use in a hotel, comes within the definition of luxury and, hence, is taxable under the Kerala Tax Luxuries Tax Act, 1976”.The facts...

Ensure Guidelines Are Followed By ‘Anti-Romeo’ Squads: Allahabad HC Tells UP Govt [Read Judgment]

The policing introduced through the squads are to prevent obscenity at public places and to affirmatively protect females from insult and indecency, the bench said,The Allahabad High Court has asked Uttar Pradesh state to ensure that guidelines are followed by the ‘anti-Romeo’ squads and law is followed.This observation by the division bench comprising Justice Amreshwar Pratap Sahi...

SC Sentences Five For Murdering RSS Man 23 Years Ago [Read Judgment]

The Supreme Court has convicted five men in relation to the murder of an RSS man in Kerala, which took place 23 years ago.Twenty-one persons were accused of murdering one Suresh Babu. Seven of them were convicted by the trial court for murder. The high court, on appeal by the convicts, acquitted four of them viz. Majeed, Ummer alias Podi Ummer, Balaji, Muralledharan and Hasheem alias...

Punjab Oppo. Leader Adv. HS Phoolka Seeks Permission From BCD To Appear In 1984 Sikh Riots Cases

A day after the Delhi High Court decided to examine whether the 1984 anti-Sikh riots case can be reopened after taking suo motu cognisance against five acquitted persons, senior advocate HS Phoolka has expressed his willingness to appear pro bono in the case.Phoolka, who has been the lawyer for several victims in the cases, has been appointed as Leader of Opposition in the recently-held...

Bombay HC Disposes Of PIL Against BCI, Bar Council ‘Resolution’ On Lawyers’ Token Strike [Read Order]

A day ahead of the BCI’s call for nationwide protest against the Law Commission’s suggestions for significant amendments to the Advocate’s Act 1961, the Bombay High Court on Thursday disposed of a PIL challenging the “resolution” passed by BCI as well as the state Bar Council calling for advocates to abstain from work on Friday (March 31).A division bench of Chief Justice...

SC Order On CCTV Cameras In Courts; CJAR Seeks More Steps For Transparency [Read the Statement]

The Campaign for Judicial Accountability and Reforms (CJAR) has issued a statement demanding more transparency in judicial accountability and reforms. This statement was issued in light of the Supreme Court order in Pradyuman Bisht v Union of India, passed on Tuesday, directing the installation of CCTV cameras in trial courts on an experimental basis.According to CJAR, though the order is...