Tamil Nadu GST Dept. Prescribes Manner Of Re-credit Of Amount In Electronic Credit Ledger

The Tamil Nadu GST Department has notified the procedure for re-crediting the amount in the electronic credit ledger using FORM GST PMT-03A.If the refund has been sanctioned erroneously, recredit of that amount can be done via Form GST PMT-03A in the electronic credit ledger, along with the interest and penalty paid by the taxpayer. The taxpayer faced difficulties in taking credit...

Adani Vizhinjam Ports Files Contempt Petition Against Kerala Government Alleging Violation Of HC Order For Police Protection

M/S Adani Vizhinjam Ports Pvt Ltd has moved the High Court of Kerala by filing a Memorandum of Contempt under Section 12 of the Contempt of Courts Act, alleging willful disobedience of the respondent State government in complying with the Kerala High Court Order dated 01.09.2022 granting police protection for the petitioners. Vide the said Order, the Kerala High Court had granted the...

Invalid Reassessment Notice, The Entire Proceedings have To Collapse: Calcutta High Court

The Calcutta High Court has held that the foundation of a reassessment proceeding is a valid notice, and if the notice is held to be invalid, the entire edifice sought to be raised has to collapse.The division bench of T.S. Sivagnanam and Justice Hiranmay Bhattacharyya have observed that the assessing officer is bound to furnish reasons within a reasonable time, the noticee is entitled...

Housing Credit To Poor Through Borrowings From Financial Institutions; Not A Charitable Activity: ITAT

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that grant of housing credit by the assessee trust to the lower strata of society, financed solely through the funds borrowed from financial institutions, is not a charitable activity and thus the assessee cannot be registered as a Charitable Trust under Section 12AA of the Income Tax Act, 1961. The Bench of...

[DHCBA Elections 2022] Requisition For EVM Machines Sent To ECI, Response Awaited: Bar Association's CEC Informs Delhi High Court

The Delhi High Court has been informed by Chief Election Commissioner of Delhi High Court Bar Association (DHCBA) that requisition for EVM machines for conducting DHCBA elections 2022 has been sent to Election Commission of India (ECI) and that the response is awaited. The election is scheduled for September 28.Justice Sanjeev Narula was hearing an urgent plea moved by DHCBA against deferment...

Approval Granted By Pune Municipal Corporation To Straighten Ambil Odha Stream Valid: Bombay High Court

The Bombay High Court on Tuesday held that the approval granted by the Pune Municipal Corporation and the Deputy Municipal Commissioner (Vigilance) to straighten the Ambil Odha stream is valid. "We do not find any infirmity in the approval granted by the respondent no.1 Corporation dated 5th November, 2020 for carrying out a change in the alignment of the Ambil Odha (stream)...

Seller Of Agricultural Land Insisting Cash Payment; No Disallowance Can Be Made Under Section 40A (3) Of IT Act: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that no disallowances can be made under Section 40A (3) of the Income Tax Act, 1961 for payments made otherwise than by way of account payee cheques or bank drafts for purchase of agricultural land, where the seller of the agricultural land has insisted on payment in cash. The Bench of Saktijit Dey (Judicial Member)...

Unregistered Sale Cannot Be The Basis For Claim On Immovable Property: NCLAT Delhi

The National Company Law Appellate Tribunal ("NCLAT"), Principal Bench, comprising of Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Technical Member), while adjudicating an appeal filed in Smt. Sabita A. Biswa v Shri Vinodkumar Pukhraj Ambavat, has declined to entertain the claim of a creditor based on an unregistered and unstamped sale deed which was only executed before...

Mere Pendency Of One More Case Against Accused Itself Can't Be Treated As Criminal Antecedent To Deny Bail: Karnataka High Court

The Karnataka High Court has observed that mere pendency of one more case against the petitioner-accused itself cannot be treated as a criminal antecedent so as to deny him bail. A single judge bench of Justice V Srishananda allowed the petition filed by one Sandeep Reddy and granted him bail. Reddy has been charged for the offence punishable under Section 395 of IPC...

Kerala High Court Grants Bail To A Psychiatric Patient Citing That Further Detention In Jail Would Adversely Affect His Illness

The Kerala High Court on Tuesday granted bail to an accused, taking into consideration the fact that he is suffering from a psychotic illness and further detention in jail would adversely affect his illness. Justice Kauser Edappagath observed that since the major part of the investigation is over and the petitioner, a psychiatric patient, has already spent more than three weeks in jail,...

Unregistered Family Settlement Admissible In Evidence Only If Agreement Is Confirmed With Approval Of All Family Members: Karnataka High Court

The Karnataka High Court has held that a family settlement arrived at between parties to share immovable properties has to be among all the family members who agree to common terms and conditions and an agreement in writing between two parties to the suit arrived before the panchayat is not acceptable, unless it is a registered document. A single judge bench of Justice...

Time Schedule Has A Purpose ; NCLT Kolkata Declines To Entertain The Bid Submitted After The Time

The National Company Law Tribunal ("NCLT"), Kolkata Bench, comprising of Shri Rohit Kapoor (Judicial Member) and Shri Balraj Joshi (Technical Member), while adjudicating an application filed in State Bank of India v Ess Dee Aluminum Limited, has declined to entertain a revised bid received after the due time fixed by the Liquidator in the bidding notice, while observing that time...