• January 19, 2024

Case Details: Amarnath Trading Co. v. State of U.P. - [2024] 158 taxmann.com 383 (Allahabad) Judiciary and Counsel Details Saumitra Dayal Singh & Manjive Shukla, JJ Praveen Kumar for the Petitioner. C.S.C. for the Respondent. Facts of the Case The petitioner was a registered dealer and the department blocked ITC of petitioner on ground that ITC was […]

• January 18, 2024

Case Details: Sauryajyoti Renewables (P.) Ltd. v. State of West Bengal - [2024] 158 taxmann.com 359 (Calcutta) Judiciary and Counsel Details Jay Sengupta, J. Arundhati Banerjee, Kaustav Banerjee & Ms Ria Kundu for the Petitioner. Somnath Ganguli, Balarko Sen & Sukalpa Seal for the Respondent. Facts of the Case The petitioner had engaged a person to look after its accounts who […]

• January 17, 2024

Notification No. No. L-3(2)/ Regl. -Gen. (Amdt.)/2024/ CCI, Dated 12.01.2024 The CCI has notified amendments to the CCI (General) Regulations, 2009. A new sub-regulation in regulation 15 i.e., Procedure for scrutiny of information or reference has been inserted. As per the newly introduced norms, every Interlocutory Application filed in a case shall be registered & […]

• January 16, 2024

National Financial Reporting Authority (NFRA) being the India’s first independent regulator for auditing and accounting , dedicated to safeguarding public interest, along with the interests of investors, creditors, and other stakeholders affiliated with companies or bodies corporate, has released its annual report for the year 2022-2023. This annual report is divided into 5 chapters as […]

• January 15, 2024

Siddhant Asthana – [2024] 158 taxmann.com 289 (Article) Introduction In accordance with principles derived from both common law and corporate finance, it is established that senior debt takes precedence over subordinate debt. When a business seeks financing using the same assets as collateral from multiple creditors, it can establish a preference for one creditor over […]

• January 14, 2024

Details : ​​ Publish Date : Thursday, January 11, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1175/PressRelease-Direct-Tax-Collections-for-FY2023-24.pdf source

• January 13, 2024

Case Details: Nishant Guleria v. Punjab National Bank - [2024] 158 taxmann.com 260 (Himachal Pradesh) Judiciary and Counsel Details Sushil Kukreja, J. M.A. Safee, Adv. for the Appellant. Arvind Sharma, Adv. for the Respondent. Facts of the Case In the instant case, the Appellant filed a plaint for declaration and permanent prohibitory injunction against action under the […]

• January 12, 2024

Details : ​​ Publish Date : Wednesday, January 10, 2024 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1174/PressRelease-ITD-conducts-search-operations-in-Mumbai-11-1-24.pdf source

• January 12, 2024

Case Details: Commissioner of Income-tax v. Brandix Mauritius Holdings Ltd. - [2024] 158 taxmann.com 247 (SC) Judiciary and Counsel Details Mrs B.v. Nagarathna & Augustine George Masih, JJ. N. Venkatraman, A.S.G. Rupesh Kumar, Udai Khanna, Prashant Singh Ii, Rajeev Ranjan, Akshit Pradhan, Sarthak Karol, Pramod Kumar, Advs. & Raj Bahadur Yadav, AOR for the Petitioner. Ajay Vohra, Sr. Adv. Divyanshu Agrawal, Ms Pooja Mittal, Ms Sanyogita […]