No Income Tax Payable On Tamil Nadu Advocates welfare Fund: ITAT
The Income Tax Appellate Tribunal Chennai, ruled that no income tax payable on Tamil Nadu Advocates welfare fund.
The tribunal noted that the Tamil Nadu...
Adjudicating Authority Empowered To Examine Entitlement Of Fee And Expenses: NCLAT
The National Company Law Appellate Tribunal (NCLAT), Delhi, ruled that adjudicating authority is empowered to examine the entitlement of fee and expenses.
“Insofar as jurisdiction...
Subsidiary Assets Can’t Be Included In Holding Company’s Resolution Plan Under IBC: Supreme Court
The Supreme Court ruled that the subsidiary assets can't be included in the holding company's resolution plan under Insolvency & Bankruptcy Code (IBC).Â
The Apex...
OMCs Did Not Violate Provisions Of Competition Act For Issuing Joint Tender For Procurement Of Ethanol: CCI
The Competition Commission of India held that the OMCs did not violate provisions of competition act for issuing joint tender for procurement of Ethanol.
The...
Imposition Of Pre-Payment Of Loan Penalty On End-Consumer By Finance Company Doesn’t Amount To Anti-Competitive Agreement: CCI
The Competition Commission of India ruled that imposition of Pre-Payment of loan penalty on end-consumer by Finance Company doesn't amount to Anti-Competitive Agreement.
The Commission...
Bandwidth Services Provided Outside India Not Taxable As ‘Royalty’: Delhi High Court
The Delhi High Court ruled that the bandwidth services provided outside India are not taxable as royalty.
The court opined that the legal position in...
Liability To Pay Customs Duty In Addition To Fine Paid To Redeem Confiscated Goods: Supreme Court
The Supreme Court ruled that there is a liability to Pay Customs Duty in addition to fine paid to redeem confiscated goods.
Regarding the first...
Whether ‘Royalty’ Is A ‘Tax’; Supreme Court Directs The Matter To Be Before Appropriate Bench
The Supreme Court has presided over the controversy of whether 'Royalty’ Is A ‘Tax’ or not.
The court concluded that royalty is in the nature...