Legal Corner Archives - Page 3 of 23 - Banking Finance - News, Articles, Statistics, Banking Exams, Banking Magazine

Evidence against 3rd parties subject to tax proceedings, rules SC

July 14, 2023 admin 0 Comments an amendment, Income Tax Act, Section 153C, The Supreme Court, third parties

The Supreme Court upheld an amendment that allows income tax officials to proceed against “third parties” against whom incriminating evidence

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Delay in TDS remit shall not attract penalty: SC

July 13, 2023 admin 0 Comments attract penalty, Delay in TDS remit, tax deducted at source (TDS), The Supreme Court (SC)

The Supreme Court (SC) held that the delay in remitting tax deducted at source (TDS) by assessee is not liable

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HC: Bank can’t bar loan defaulter from foreign trip

July 13, 2023 admin 0 Comments Associate Décor Limited, Bureau of Immigration, high court authorised, recovery proceedings

The high court authorised a city-based businessman to travel to (UAE) and Saudi Arabia for business purposes, pointing out that

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Inherited assets tax: ITAT bats for legal heir

July 13, 2023 admin 0 Comments cost inflation index, cost of acquisition, I-T Act, Income Tax Appellate Tribunal (ITAT), Inherited assets tax

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has settled in a recent order the contentious issue relating

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Invoices, cheque payment, insufficient to claim Input Tax Credit: SC

July 13, 2023 admin 0 Comments cheque payments, INPUT TAX CREDIT, Input Tax Credit (ITC), tax authorities, The Supreme Court (SC)

The Supreme Court (SC) has set aside a Karnataka High Court order that allowed dealers to claim input tax credit

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Travel co asked to refund flyers Rs. 8 crore it got from airlines for pandemic disruptions

July 12, 2023 admin 0 Comments pandemic disruptions, refund flyers, suo motu probe, The Central Consumer Protection Authority (CCPA)

The Central Consumer Protection Authority (CCPA) ordered online travel agency Yatra to refund the payments of Rs 8.32 crore to

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Rijiju, SC Judge Kaul point to significance of artificial intelligence in arbitration

April 24, 2023 admin 0 Comments Arbitration, Artificial Intelligence (AI), Digital Capability, Judicial Intervention, The Supreme Court

Union law minister Kiren Rijiju and Supreme Court judge, Justice Sanjay Kishan Kaul, underscored the significance of artificial intelligence (AI)

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HC: Authorised signatory in Company’s bounced cheque is not ‘drawer’

April 22, 2023 admin 0 Comments Authorised Signatory, Bombay High Court, Landmark Judgment, Negotiable Instruments (NI) Act, Section 148

In a landmark judgment, the Bombay high court held that in case of corporates issuing cheques that bounce, the authorised

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‘Dying declaration enough’: Court gives man life despite victim’s kin changing statements

February 28, 2023 admin 0 Comments DECLARATION, DYING, KIN, VICTIM

‘Dying declaration enough’: Court gives man life despite victim’s kin changing statements The court of additional district and sessions judge,

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Proposal on TDS relief on property sold for recoveries under review

February 28, 2023 admin 0 Comments PROPOSAL, RECOVERIES, relief, review, TDS

Proposal on TDS relief on property sold for recoveries under review The government is examining a suggestion from banks to

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