Court – Income Tax Appellate Tribunal (ITAT) Hyderabad ‘B’ BenchKey Issue –Operational/ Exemption under S. 54F of IT ActSubject – Exemption under Section 54F of IT Act not available on property predominantly being usedfor Religious purposesParties – Asst. CIT vs Shri Iqbal Read More
What is Section 14 of the Insolvency and Bankruptcy Code, 2016? Section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC) provides for adeclaration of moratorium by the Adjudicating Authority in regards to a CorporateDebtor undergoing Corporate Insolvency Resolution Process (CIRP). The Read More
Court- CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL,(CESTAT)Key Issue- Operational / Abatement NotificationsSubject- Entitlement of Abatement Notification -Make My Trip(Facilitator)Adjudicated by- Hon’ble Sri Justice Dilip Gupta (President) and Hon’ble MsHemambika R. Priya (Member (Technical) (Service Tax Appeal No 51844 of2021)M/s Make My Read More
Court- Andhra Pradesh High Court (Write Petition No- 31675 of 2023)Key Issue-Operational / GST Registration Cancellation (Section 29 of GST Actand Rule 22)Subject- GST Registration cannot be Cancelled for continuous NIL returns.beyond 6 monthsAdjudicated by- Hon’ble Sri Justice Ravi Nath Tilhari and Read More