CACommunityIndia

In the case where an application under Section 33 of the Arbitration and Conciliation Act, 1996 has been filed, the date of disposal would be the starting point for calculation of limitation – TEFCIL Breweries Ltd. Vs. Alfa Laval (India) Ltd. – Delhi High Court
https://ibclaw.in/tefcil-breweries-ltd-vs-alfa-laval-india-ltd-delhi-high-court/

The Hon’ble Delhi High Court held that to state that the date of receipt of the corrected award even in cases where an application under Section 33 of the Arbitration and Conciliation Act, 1996 has been filed will be taken as the starting point of the time period under Section 34 of the Arbitration and Conciliation Act, 1996 and not the date of the disposal would actually go contrary to the plain reading of Section 34(3) of the Arbitration and Conciliation Act, 1996.
The post In the case where an application under Section 33 of the Arbitration and Conciliation Act, 1996 has been filed, the date of disposal would be the starting point for calculation of limitation – TEFCIL Breweries Ltd. Vs. Alfa Laval (India) Ltd. – Delhi High Court (https://ibclaw.in/tefcil-breweries-ltd-vs-alfa-laval-india-ltd-delhi-high-court/) appeared first on IBC Laws (https://ibclaw.in/).

A land owner, who will get certain share of built-up area in the project as per development agreement, cannot be termed as an “allottee” as defined under 2(d) of the Real Estate (Regulation and Development) Act, 2016 (RERA) – Lt. Col. Jagdish Chandra Sharma Vs. The Real Estate Regulatory Authority Rajasthan and Anr. – Rajasthan REAT
https://ibclaw.in/lt-col-jagdish-chandra-sharma-vs-the-real-estate-regulatory-authority-rajasthan-and-anr-rajasthan-reat/

The Hon’ble Rajasthan REAT held that though the land owner has the certain share of built-up area in terms of number of flats, however, in absence of any agreement to sale or any transaction of amount between the appellant-complainant and the respondent-promoter, the appellant-complainant (the land owner) cannot be termed as an “allottee” as defined under 2(d) of the Real Estate (Regulation and Development) Act, 2016.
The post A land owner, who will get certain share of built-up area in the project as per development agreement, cannot be termed as an “allottee” as defined under 2(d) of the Real Estate (Regulation and Development) Act, 2016 (RERA) – Lt. Col. Jagdish Chandra Sharma Vs. The Real Estate Regulatory Authority Rajasthan and Anr. – Rajasthan REAT (https://ibclaw.in/lt-col-jagdish-chandra-sharma-vs-the-real-estate-regulatory-authority-rajasthan-and-anr-rajasthan-reat/) appeared first on IBC Laws (https://ibclaw.in/).

Whether a Partial Completion Certificate (CC) can be issued by the Competent Authority for a few towers of a real estate project upon the enforcement of the RERA Act 2016 falls within the ambit and scope of an ‘ongoing project’? – Eshan Singh Vs. Ansal Properties and Infrastructure Ltd. – Uttar Pradesh REAT
https://ibclaw.in/eshan-singh-vs-ansal-properties-and-infrastructure-ltd-uttar-pradesh-reat/

Having regard to the provisions contained in U.P. Apartment (Promotion of Construction, Ownership and Maintenance) Act, 2010, read with the explanation of sub-clause (c) of sub-section 2 of Section 3 of Act 2016, the Hon'ble Appellate Tribunal is not persuaded to accept the submissions of the learned counsel for the appellant that the project in respect of Towers/Phase F,G &H, would fall in the definition and ambit/scope of an ongoing project. On a specific query, learned counsel for the appellant could not show any illegality or perversity in the impugned order, passed by the Regulatory Authority.
The post Whether a Partial Completion Certificate (CC) can be issued by the Competent Authority for a few towers of a real estate project upon the enforcement of the RERA Act 2016 falls within the ambit and scope of an ‘ongoing project’? – Eshan Singh Vs. Ansal Properties and Infrastructure Ltd. – Uttar Pradesh REAT (https://ibclaw.in/eshan-singh-vs-ansal-properties-and-infrastructure-ltd-uttar-pradesh-reat/) appeared first on IBC Laws (https://ibclaw.in/).

Cipla Limited, one of India’s leading pharmaceutical companies, has been served a demand order by the GST Authority imposing a penalty of Rs. 29.77 crore. The penalty includes Rs. 9.10 crore for inadmissible Input Tax Credit ( ITC ) availed on customs duty paid challans ( TR6 ) and Rs. 67 lakh for delayed payment […]

Cipla Ltd Hit with ₹29.77 Crore GST Penalty for Inadmissible ITC and Payment Delays
https://www.taxscan.in/cipla-ltd-hit-crore-gst-penalty-for-inadmissible-itc-and-payment-delays/480664/

A 27-year-old man, Nilesh Jindal, who aspired to become a chartered accountant, has been arrested for allegedly duping a woman from Dwarka out of Rs. 18 lakh in a cryptocurrency scam. Jindal, a first-year CA student from Jalandhar, Punjab, reportedly used a dating app to find his victims. Posing as a hedge fund manager with […]

Aspiring Chartered Accountant Arrested for Cryptocurrency Scam via Dating App
https://www.taxscan.in/aspiring-chartered-accountant-arrested-for-cryptocurrency-scam-via-dating-app/480654/

Both the parties agreed to treat the addition as business receipts: ITAT directed AO to assess profit @ 8%
https://taxguru.in/income-tax/parties-agreed-treat-addition-business-receipts-itat-directed-ao-assess-profit-8.html

Assessee didnot file return for the year under consideration. As per AIMS module information received that assessee has deposited the amount of Rs.16,84,100/- as cash during the demonetization period. Case was reopened notice was issued accordingly.
The post Both the parties agreed to treat the addition as business receipts: ITAT directed AO to assess profit @ 8% (https://taxguru.in/income-tax/parties-agreed-treat-addition-business-receipts-itat-directed-ao-assess-profit-8.html) appeared first on TaxGuru (https://taxguru.in/).

S.159 applies when reassessment notice was issued during lifetime of deceased assessee
https://taxguru.in/income-tax/s-159-applies-reassessment-notice-issued-lifetime-deceased-assessee.html

In response to the said notice, the son/legal heir of the deceased assessee submitted a reply on 01 April 2023 wherein he unequivocally apprised the respondent of the demise of his father/assessee, furnishing alongwith a copy of the death certificate as conclusive evidence, and asserted that the notice was null and void ab initio.
The post S.159 applies when reassessment notice was issued during lifetime of deceased assessee (https://taxguru.in/income-tax/s-159-applies-reassessment-notice-issued-lifetime-deceased-assessee.html) appeared first on TaxGuru (https://taxguru.in/).

Filing of application u/s 95 of IBC by Creditor in his individual capacity or jointly through RP was allowable
https://taxguru.in/corporate-law/filing-application-u-s-95-ibc-creditor-individual-capacity-jointly-rp-allowable.html

Where application under section 95 of Insolvency Bankruptcy Code (IBC), 2016 was filed, the same was permitted to be filed by a creditor in his individual capacity or jointly with other creditors or through a Professional (RP).
The post Filing of application u/s 95 of IBC by Creditor in his individual capacity or jointly through RP was allowable (https://taxguru.in/corporate-law/filing-application-u-s-95-ibc-creditor-individual-capacity-jointly-rp-allowable.html) appeared first on TaxGuru (https://taxguru.in/).

ITC claim against supplier gone into liquidation was to be adjudicated subject to deposit of 10% of disputed taxes
https://taxguru.in/goods-and-service-tax/itc-claim-supplier-liquidation-adjudicated-subject-deposit-10-disputed-taxes.html

Assessee was a dealer in Iron and Steel, had filed its returns and paid the necessary taxes for the 2019-20 period. However, discrepancies were found, including the claim of ITC from a supplier whose taxes had not been filed.
The post ITC claim against supplier gone into liquidation was to be adjudicated subject to deposit of 10% of disputed taxes (https://taxguru.in/goods-and-service-tax/itc-claim-supplier-liquidation-adjudicated-subject-deposit-10-disputed-taxes.html) appeared first on TaxGuru (https://taxguru.in/).

Addition towards non-genuine purchases deleted as all necessary documents submitted
https://taxguru.in/income-tax/addition-non-genuine-purchases-deleted-documents-submitted.html

ITAT Mumbai held that assessee has submitted all the necessary details in terms of purchase bills, transportation bills, confirmed copy of accounts and payment are made through cheques, hence disallowance of such purchases is not justified.
The post Addition towards non-genuine purchases deleted as all necessary documents submitted (https://taxguru.in/income-tax/addition-non-genuine-purchases-deleted-documents-submitted.html) appeared first on TaxGuru (https://taxguru.in/).

ITBPF Recruitment 2025: Monthly Salary Up To Rs.177500, Check Post and How to Apply Details
https://studycafe.in/itbpf-recruitment-2025-monthly-salary-up-to-rs-177500-check-post-and-how-to-apply-details-362433.html

ITBPF Recruitment 2025: Monthly Salary Up To Rs.177500, Check Post and How to Apply Details ITBPF Recruitment 2025: The Indo-Tibetan Border Police Force (ITBPF) is seeking applications from interested and willing candidates for the post of Assistant Commandant (Telecommunication). Based on the official notification of ITBPF Recruitment 2025, there are 48 vacancies open for the […]

CBIC notifies Changes in GST Rate for Hotels and Restaurant Services w.e.f. 01.04.2025
https://studycafe.in/cbic-notifies-changes-in-gst-rate-for-hotels-and-restaurant-services-w-e-f-01-04-2025-362422.html

CBIC notifies Changes in GST Rate for Hotels and Restaurant Services w.e.f. 01.04.2025 The Central Board of Indirect Taxes and Customs (CBIC) has notified changes in GST Rate for Hotels and Restaurant Services w.e.f. 01.04.2025. The notification removes the definition of “declared tariff” and changes the definition of “specified premises.” The updated definition links the GST […]

In a recent ruling, the Delhi High Court affirmed that the secondment of employees by Samsung Korea to its Indian subsidiaries would not affirm the creation of a Permanent Establishment ( PE ) in India in terms of Article 5 of the Double Taxation Avoidance Agreement ( DTAA ) between India and Korea. The observation […]

DRDE-DRDO Recruitment 2025: Check Post Name, Vacancies, Qualification and Walk-In-Interview Details
https://studycafe.in/drde-drdo-recruitment-2025-check-post-name-vacancies-qualification-and-walk-in-interview-details-362425.html

DRDE-DRDO Recruitment 2025: Check Post Name, Vacancies, Qualification and Walk-In-Interview Details DRDE-DRDO Recruitment 2025: Defence Research and Development Establishment (DRDE), Gwalior a premier institute of Defence Research and Development Organization (DRDO) invites applications from young and qualified candidates for the posts of Junior Research Fellow (JRF) and Research Associate (RA). There are 05 vacant seats available […]

Secondment of Employees by Samsung does not Prove PE under Art.5 of India-Korea DTAA: Delhi HC [Read Order]
https://www.taxscan.in/secondment-of-employees-by-samsung-does-not-prove-pe-under-art-5-of-india-korea-dtaa-delhi-hc/480635/

TCS Freshers Walk-in Drive On 25th Jan 2025 for B.Com, BAF, BBI, BBA, BCA, BBM, BMS, BA, B.Sc
https://capage.in/tcs-freshers-walk-in-drive-on-25th-jan-2025-for-b-com-baf-bbi-bba-bca-bbm-bms-ba-b-sc/

TCS Freshers Walk-In Drive | 25th January 2025 | Exciting Career Opportunities Tata Consultancy Services (TCS) is conducting a Walk-In Drive for freshers on 25th January 2025. This is a fantastic opportunity for recent graduates to kickstart their careers with one of the world’s leading IT services and consulting organizations. Who Can Apply? TCS invites applications from graduates in the following streams: B.Com (Bachelor of Commerce) BAF (Bachelor of Accounting and Finance) BBI (Bachelor of Banking and Insurance) BBA (Bachelor of Business Administration) BCA (Bachelor of Computer Applications) BBM (Bachelor of Business Management) BMS (Bachelor of Management Studies) BA (Bachelor

In a significant ruling, the Delhi High Court on January 17, 2025, dismissed an appeal by the Principal Commissioner of Income Tax against Vedanta Limited, holding that framing a transfer pricing order against a non-existent entity constitutes a fundamental flaw, not curable under the Income Tax Act, 1961, in confirmation with and conformity to the […]

Prasar Bharati Recruitment 2025: Application Open For Stringers Post, Apply Before Last Date
https://studycafe.in/prasar-bharati-recruitment-2025-application-open-for-stringers-post-apply-before-last-date-362439.html

Prasar Bharati Recruitment 2025: Application Open For Stringers Post, Apply Before Last Date Prasar Bharati Recruitment 2025: Prasar Bharati is seeking applications from eligible and desirous candidates for Empanelment as Stringers in all the 33 districts of Chhattisgarh for working at Regional News Unit, Doordarshan Kendra Raipur (Chhattisgarh) (see below). In order to apply for […]