19 June 2017


News

Karnataka Assembly Passes State GST Bill - 16.06.2017

Karnataka State Assembly has unanimously passed 'Karnataka Goods and Services Tax Bill, 2017'.

Tags : Karnataka Goods and Services Tax Bill 2017

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SEBI Tightens Disclosure Norms, Imposes Hefty Penalty for Non-compliance - 16.06.2017

Securities and Exchange Board of India (SEBI) has tightened compliance norms by levying hefty penalty of up to Rs. 1 crore and provision to prosecute promoters of companies that do not comply with disclosure norms.

Tags : Securities and Exchange Board of India disclosure norms

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Kerala HC Affirms Priests, Nuns’ Right to Property Despite Poverty Oath - 16.06.2017

Kerala High Court while affirming priests and nuns’ right to property has ruled that Christian priests and nuns are entitled to their right to property despite their vows of poverty.

Tags : Kerala HC priests

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Govt Notifies New Exemptions to Private Ltd Companies - 15.06.2017

Govt has notified exemption to Pvt Ltd Companies which says that exceptions, modifications and adaptations provided in it shall be applicable to a company covered u/s 8 of Companies Act which has not committed a default in filing its financial statements u/s 137 or annual return u/s 92 of Act.

Tags : Government of India Companies Act 2013

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NCDRC: Builder-Buyer Agreements Often Favours Builders’ Interest - 15.06.2017

National Consumer Disputes Redressal Commission (NCDRC), while terming some builder- buyer agreements as ‘unconscionable contracts’, has observed that the terms are usually framed ‘favourable’ and ‘suitable’ to builders/ service providers.

Tags : National Consumer Disputes Redressal Commission Real Estate

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SC Notices Centre on Plea Challenging Ban on Sale of Cattle for Slaughter - 15.06.2017

Supreme Court has issued notice to Centre on a petition challenging its May 25 notification, banning sale and purchase of cows and buffaloes at animal markets for slaughter.

Tags : Supreme Court Slaughter Cattle

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ITAT, Bengaluru: No Exemption to Society For Investment in Fixed Asset using Loan Amount - 15.06.2017

ITAT, Bengaluru has held that assessee-society is not entitled to exemption in respect of investment in fixed asset using loan amount under section 11 of Income Tax Act.

Tags : ITAT Bengaluru Income Tax Act

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Bombay HC Turns Down Plea To Terminate Rape Victim’s Pregnancy - 15.06.2017

Bombay High Court has refused relief to a 26-week pregnant rape victim seeking permission for termination of pregnancy.

Tags : Bombay High Court pregnancy

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ITAT Mumbai Allows Claim of TDS Credited on Unrealized Income - 14.06.2017

ITAT, Mumbai has allowed assesses claim towards TDS credited on unrealized income.

Tags : ITAT Mumbai TDS

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Bombay HC Allows Metro Rail to Cut 108 Mangrove Trees for BKC Station - 14.06.2017

Bombay High Court has permitted Mumbai Metro Rail Corporation Limited (MMRCL) to clear 108 mangroves to construct a station at Bandra-Kurla Complex (BKC) under Metro-3 project.

Tags : Bombay High Court Mumbai Metro Rail Corporation

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Bombay HC Asks State Excise, PWD To Decide Whether SC’s Booze Ban Order is Applicable to Bars, Hotels - 14.06.2017

Bombay High Court has directed Secretary (Road) PWD and Commissioner for State Excise to decide whether certain bars, hotels and permit rooms are covered under Supreme Court’s highway liquor ban order.

Tags : Bombay High Court highway liquor ban

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Uttarakhand HC Issues Guidelines For Rehabilitation of Acid Attack Victims - 14.06.2017

Uttarakhand High Court has issued several directions for rehabilitation of acid attack victims, and for prevention of such instances which include measures such as monthly payments to victims who have received third/fourth degree burn injuries, in addition to ex-gratia lump-sum payment.

Tags : Uttarakhand High Court Acid Attack Victims

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GST Council Exempts Advocates, Senior Advocates From GST Registration - 13.06.2017

GST Council has decided to exempt Advocates, including Senior Advocates from obtaining CGST Registration under section 23(2) of Central Goods and Services Tax Act, 2017.

Tags : GST Council Advocates Senior Advocates

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Bombay High Court Directs State to Justify Sanjay Dutt's Early Release from Jail - 13.06.2017

Bombay High Court has asked Maharashtra Government to detail how it assessed good conduct of actor Sanjay Dutt after he was released early.

Tags : Bombay High Court Sanjay Dutt

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Madras High Court Seeks Report on Action Taken on Complaints Against Milk Adulteration - 13.06.2017

Madras High Court has directed Government to file a status report on action taken on complaints against milk adulteration.

Tags : Madras High Court Milk Adulteration

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Delhi High Court: Imposing Inadequate Sentence Harms Justice System - 13.06.2017

Delhi High Court has refused to reduce sentence awarded to a 45 year old man convicted for raping and attempting to murder his ex-employer’s daughter-in-law, observing that showing undue sympathy and imposing inadequate sentence harms justice system.

Tags : Delhi High Court Inadequate Sentence

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Madras HC to State: Can State Specify Percentage of Disability for Reservation In Recruitment? - 13.06.2017

Madras High Court has questioned Additional Advocate General on the source of power of Government to specify percentage of disabilities for reservation in recruitment for various posts.

Tags : Madras High Court Percentage of Disability

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MP HC Restrains Rewa Collector From Taking Action Against Tribals - 13.06.2017

Madhya Pradesh High Court has restrained District Collector of Rewa from taking any coercive action to remove hutment of 200 Tribals till their representation is not decided.

Tags : Madhya Pradesh High Court Rewa Collector

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Supreme Court Orders to Declares NEET-2017 Results - 12.06.2017

Supreme Court has asked Central Board of Secondary Education (CBSE) to declare results of National Eligibility-cum-Entrance Test (NEET) for admission to MBBS and BDS by putting a stay on a Madras High Court order restraining publication of results.

Tags : Supreme Court NEET 2017

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ITAT, Delhi Declares 'Invalid' Block Assessment Without Valid Search Warrant - 12.06.2017

ITAT, Delhi has held that block assessment u/ss 153A/153C of Income Tax without serving a proper and valid search warrant is invalid.

Tags : ITAT Delhi Block Assessment

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CBDT: Bonds Issued by ‘Power Finance Corporation Ltd’ Are Eligible for Capital Gain Exemption - 12.06.2017

Central Board of Direct Taxes (CBDT) has notified that Capital Gain exemption under section 54EC of Income Tax Act is applicable to bonds issued by Power Finance Corporation Ltd also.

Tags : Central Board of Direct Taxes Capital Gain Exemption

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CBDT: People Not Having PAN Card Can File Form 60 Manually/Electronically Using E-Verification - 12.06.2017

Central Board of Direct Taxes (CBDT) has notified amended rules regarding furnishing of Form 60 either in manually or electronically by using e-verification for those who does not have PAN.

Tags : Central Board of Direct Taxes Form 60 PAN Card

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CBDT Notifies Transfer Pricing Tolerance Limit for AYs 2017-18 and 2018-19 - 12.06.2017

Central Board of Direct Taxes (CBDT) has notified transfer pricing tolerance limit for computation of Arm’s Length Price (ALP) applicable to assessment years 2017-18 and 2018-19.

Tags : Central Board of Direct Taxes Transfer Pricing Tolerance Limit

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ITAT, Delhi: Section 50C Applicable to Sale of Leasehold Rights - 12.06.2017

ITAT Delhi has held that income earned from transfer of leasehold rights is chargeable to Income Tax under section 50C of Income Tax Act which provides for special provision for full value of consideration.

Tags : ITAT Delhi Leasehold Rights

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