Income Tax Appellate Tribunal
Case BriefsHigh Courts

“The reassessment notice was issued by ITO, Ward 69(1), New Delhi, under Section 148 and lacked jurisdiction as the jurisdiction was with ITO, Ward 4(1), Gurgaon. Hence, the subsequent assessment completed by ITO, Ward 4(1), Gurgaon, based on this notice was legally flawed.”

Delhi High Court
Case BriefsHigh Courts

Delhi High Court granted the Indian National Congress the opportunity to pursue its case further by filing a fresh stay application, while also providing important clarifications regarding the interpretation of relevant guidelines and the discretion of the authorities in such matters.

tribunal monthly may 2023
Legal RoundUpTribunals/Regulatory Bodies/Commissions Monthly Roundup

Know about why NGT formed Joint Committee for environmental norms violations in constructions at CM Kejriwal’s residence, relevancy of intent of Corporate Debtor, threshold limit under IBC Code, compensation in Ludhiana Gas Leak incident, etc.

Erroneous order by Assessing Officer
Case BriefsSupreme Court

The Supreme Court stated that the erroneous assessment order had resulted in loss of the Revenue in the form of tax. Thus, the High Court had committed a very serious error in setting aside the order passed by the Commissioner passed in exercise of powers under Section 263 of the Income Tax Act.

Monthly Roundup
Legal RoundUpTribunals/Regulatory Bodies/Commissions Monthly Roundup

Find interesting rulings by NCLT, NCLAT, RBI, ITAT, SEBI, NCDRC covering legal stories on FTS under India Netherlands DTAA, reconsideration of approved resolution plan in insolvency proceedings, definition of financial debt, compensation against doctor’s legal obligations, and much more.

Case BriefsSupreme Court

Supreme Court noted that the ‘interest' only follows the ‘principal', therefore, the ‘principal' being the payable tax, resulted into no liability to pay the tax along with return. Consequently, held that there is no liability to pay interest if there was no liability to pay the tax.