22 April 2024


Search Results for Tag : Sale

Top Story

Claiming time of essence in property sale? Prove it!(16.02.2016)

Bangalore High Court set a high threshold for claims that time was of the essence in a contract for sale of immovable property. Onus, however, was pla.....

Tags : reasonable, time of essence, immovable property, sale, income tax clearance

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No Sale of Fire Crackers in Delhi-NCR with immediate effect: Supreme Court(25.11.2016)

In an unprecedented move, the Supreme Court has ordered complete ban on the sale of fire crackers in Delhi and National capital region. The Order came.....

Tags : Ban, Crackers, Sale

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International Cases

Injunction is available to prevent an executor distributing whole or part of a deceased estate and in such case standard principles applicable to interlocutory injunctions apply(22.01.2019)

The Plaintiff is seeking relief under the Family Provision Act 1972 (WA) from the estate of Christoniki James (the deceased). The matter is well advan.....

Tags : Property , Sale, Injunction, Grant

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Restraint of the mortgagee sale is not granted unless the debt owed to the mortgagee is paid into Court(04.08.2020)

Present was the Plaintiff's application for an interlocutory injunction restraining the Defendant from selling a property located at Seven Oaks Street.....

Tags : Sale, Valuation, Injunction, Grant

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In order to be eligible for declaratory relief, shares must not have been suspended from trading for more than five days in the previous 12 months(22.03.2022)

In present matter, on 1 March 2022, the Plaintiff, Buddy Technologies Limited (Buddy Technologies), filed an originating process seeking orders under .....

Tags : Shares, Sale, Cleansing prospectus

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Others

Parameters for Splitting of GST Revenue Between Centre and States(11.08.2015)

Under the proposed General Sales Tax regime, the Centre would levy and collect Central Goods and Services Tax, and States would levy and collect the S.....

Tags : general sales tax, levy, apportion

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Buyers/resellers (whether dealers, distributors, or retailers) must remain free to determine their resale price(30.03.2018)

In facts of present case, Respondent was a company engaged in manufacturing and supply of paints and allied products in Karachi and interior Sindh. Co.....

Tags : Re-sale price, Fixation, Contravention

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Notifications & Circulars

Sale of goods and display of prices at duty free shops in Indian currency - amendment of circular 31/2016 - Customs dated 6th July 2016(18.12.2017)

1. Representations have been received regarding lack of clarity in use of INR credit cards/debit cards for making payments by passengers at duty free .....

Tags : Goods, Sale, Duty free shops

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Import and Sale of Sub-Standard Goods(07.01.2019)

Import of sub-standard goods and their sale have come to the notice of the Government in Indian market. Appropriate action under the Customs Act, 1962.....

Tags : Import, Sale, Sub-Standard Goods

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Draft Frameworks for Sale of Loan Exposures and Securitisation of Standard Assets(08.06.2020)

The Reserve Bank has today placed on its website two draft documents for public comments - the 'Draft Framework for Securitisation of Standard Assets'.....

Tags : Frameworks, Sale, Loan Exposures

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Collection of stamp duty on issue, transfer and sale of units of AIFs(30.06.2020)

1. Government vide Gazette notification S.O. 116(E) dated January 08, 2020 has notified the "Registrars to an Issue and/or Share Transfer Agents" (RTA.....

Tags : Collection, Stamp duty, Sale, AIFs

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Central Government notifies for tolerance range of one per cent. for wholesale trading and three per cent. in all other cases for assessment year 2022-2023.(29.06.2022)

In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961)(hereafter referred.....

Tags : Notification, Tolerance range, Wholesale trading

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Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017(29.11.2016)

The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016. Along with this, the Go.....

Tags : Exemption, Sale, Goods

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Acceptance of e-BRC of DGFT Towards Proof of Realization of Sale Proceeds for Exports with LEO Date Upto 31.03.2014 under Drawback Scheme(28.02.2017)

Attention is invited to Board's Circular No. 5/2009-Customs dated 2.2.2009 which prescribes Bank Realization Certificate (BRC) as one of the documents.....

Tags : Acceptance, E-brc, Proof, Sale proceeds

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Finalization of Draft Rules on Sale of Drugs by E-Pharmacies(25.06.2019)

The Government has published draft rules vide G.S.R. 817 (E) dated 28th August 2018 for inviting public/stakeholder comments for amendment to the Drug.....

Tags : Draft Rules, Finalization, Sale of Drugs, E-Pharmacies

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Sale of Securities held in Held to Maturity (HTM) Category - Accounting treatment(10.06.2019)

Please refer to Para 16.2 of Master Circular DCBR.BPD.(PCB).MC.No.4/16.20.000/2015-16 dated July 01, 2015 on Investments by Primary (Urban) Co-operati.....

Tags : Securities, Sale, Accounting treatment

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Review of Offer for Sale of Shares through stock exchange mechanism(15.02.2016)

The Securities and Exchange Board of India has modified the guidelines on sale of shares through Offer for Sale mechanism in response to suggestions f.....

Tags : Offer for sale, shares, notification, timeframe

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CENVAT Credit (Second Amendment) Rules, 2016(03.02.2016)

The Ministry of Finance notified rules amending the CENVAT Credit Rules, 2004. The amendment incorporates Explanation to Rule 2(l)(C), "Explanation.-F.....

Tags : Cenvat, rules, sales promotion, swachh bharat

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Proceeds from unlisted share sale to default to ‘Capital Gain’ head(05.05.2016)

The Central Board of Direct Taxes directed its offices that income from transfer of unlisted shares irrespective of period of holding would be taxable.....

Tags : Unlisted shares, sale, capital gain, income tax

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Judgments

CCI lets Wiley India off the hook(28.06.2016)

The Competition Commission of India dismissed a complaint against pre-eminent publisher of scientific, technical and medical journals, Wiley India, fo.....

Tags : wiley india, journal, distribution, authorised agent, resale price maintenance

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CCI begins nosing around fishy Uttarakhand alcohol wholesaling(19.07.2016)

The Competition Commission of India ordered an investigation into claims that the State-owned wholesalers in Uttarakhand are indulging in one-sided a.....

Tags : wholesale, india made foreign liquor, uttarakhand, discrimination

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When parties mutually agreed for jurisdiction of Delhi Courts and fact that, goods were supplied from Delhi, Delhi High Court has jurisdiction(30.08.2016)

Appellants-Defendants were appointed as Clearing and Forwarding Agents and Stockists of respondents-Plaintiffs and on account of appellants-defendants.....

Tags : Contract, Privity, Sale of goods, Jurisdiction

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Article 134 of Limitation Act, 1963 applicable “when sale becomes absolute” and not when sale was confirmed(11.01.2017)

Instant appeal arises out of order passed by High Court of Kerala allowing revision and thereby dismissing application filed by Appellant under Order .....

Tags : Sale, Possession, Delivery, Limitation

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Once factum of existence of legal necessity stood proved, no co-coparcener (son) has a right to challenge sale made by Karta of his family(20.08.2018)

Present appeal is filed by the legal representatives of the original Plaintiff against the final judgment passed by the High Court. By impugned order,.....

Tags : Sale, Legal necessity, Proof

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When the application for appointment of Receiver or for permission for sale is moved, Trial Court shall consider the same expeditiously(23.12.2019)

The present petition has been preferred by the Petitioner/Plaintiff ("Bank") challenging the impugned order by which Trial Court has simply adjourned .....

Tags : Vehicle, Sale, Auction

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Court cannot grant interlocutory injunction, unmindful of the existence of a prima facie case merely on basis of public interest(18.09.2020)

Present application, preferred by the Appellant praying for permitting the applicant to manufacture and sell its product "APIXABID", a generic product.....

Tags : Public interest, Permission, Sale

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Bank can sell the vehicle seized due to default in a public auction with prior written notice to the debtor(07.12.2020)

Petitioner is aggrieved by the order of the Trial Court adjourning the proceedings and not granting permission under Order XXXIX Rule 6 of Code of Civ.....

Tags : Default, Vehicle, Sale

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Highest Bidder has no vested right to have the public auction concluded in his favour(02.03.2022)

The instant appeal arises from the judgment and order passed by the Division Bench of the High Court setting aside the order passed by the Financial C.....

Tags : Auction sale, Confirmation, Validity

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Proceedings under the SARFAESI Act cannot be continued against corporate debtor, once the CIRP is initiated and the moratorium is ordered(18.05.2022)

Present appeal challenges the judgment passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi ( “the NCLAT”), thereby dismi.....

Tags : Sale, Assets, Corporate Debtor

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Sale could be set aside only when material irregularity or fraud results in causing substantial injury to judgment-debtor(02.05.2017)

Instant appeal is filed by auction purchaser against final judgment passed by High Court of Judicature, Andhra Pradesh whereby High Court allowed appe.....

Tags : Auction, Sale, Validity

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Deposit of 25% of the amount by the auction purchaser is mandatory and full amount of the purchase money must be paid within fifteen days from the date of the sale(10.02.2023)

The original Respondent No. 1 - objector before the Executing Court has preferred the present appeal, feeling aggrieved with the impugned judgment pas.....

Tags : Sale, Non-compliance, Mandatory provisions

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Prayer Clause is a sine qua non for granting decree of refund of earnest money(14.12.2022)

The present appeal is directed against the judgment passed by the High Court whereby a second appeal preferred by the Appellants was dismissed and jud.....

Tags : Sale Agreements, Termination, Specific performance

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Only because signature of one of parties is missing in a document, it cannot be concluded that such person did not join in execution of instrument(10.04.2018)

The question arises in present appeal is, as to whether a registered sale deed which does not bear signature of the vendor at the place where his name.....

Tags : Sale Deed, Execution, Validity

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Benefit extended under Customs Act waiving customs duty cannot be taken as waiver of sales tax under state and central laws(21.01.2020)

The admitted factual position in the present cases is that, after importing foreign made cigarettes, the Appellants stored the same in the customs bon.....

Tags : Sales tax, Levy, Legality

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Right of the borrower to redeem the secured asset stands extinguished, once the auction notice is published(21.09.2023)

Present appeals are at the instance of an auction purchaser left high and dry by the Respondents and is directed against the common judgment and order.....

Tags : Auction sale, Proceedings, Right

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Property becoming more valuable subsequent to conclusion of sale by liquidator is not a relevant consideration in determining the legality of the sale(13.08.2015)

If a higher offer is received in respect of the sale of property of a company in liquidation, the Court is not justified in reopening the concluded pr.....

Tags : liquidation, sale, higher offer, conclusion

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Court to not compel specific performance of contract unless the whole contract can be executed(21.08.2015)

In a case where the Defendant agreed to sell property in its entirety but it later emerged that he had only a third of the share in the property, the .....

Tags : Specific performance, sale, property, part share

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Levy of VAT on the sale price of transaction yet to take place not sustainable in law(04.08.2015)

The Delhi High Court struck down Explanation 2 to Section 2 (1) (zd) of the Delhi Value Added Tax (Fourth Amendment) Act, 2012 as being ultra vires t.....

Tags : value added tax, delhi, sale, ultra vires

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Only expressly created statutory first charges under Central and State laws can take precedence over claims of secured creditors(04.12.2019)

Present appeal arises out of judgment passed by High Court. Vide the impugned judgment, the High Court has directed the issuance of a recovery certifi.....

Tags : Sale, Secured assets, Proceeds

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‘Undue influence’ in execution of a contract cannot be inferred merely because a family member was looking after his family elder(11.09.2019)

In present matter, the Plaintiff and Defendant No. 2 are brothers. Defendant No. 1 was the wife of Defendant No. 2. Respondents Nos. 1 to 3 are sons o.....

Tags : Sale deed, Execution, Undue Influence

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No duty of Defendant to disprove Plaintiff’s unsubstantiated case(09.09.2015)

Plaintiff asserting illegal and in-operative deed for sale of land must prove as such and establish its own right, interest and possession over the la.....

Tags : Sale of land, burden of proof, plaintiff

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An under-raiyat is prohibited from transferring his interest as under-raiyat in any land though this interest is a heritable interest(08.12.2017)

Ramkrishna Datta, Dhirendra Chandra Ghosh and Lalit Mohan Ghosh, filed a suit in the trial court for declaration of their title on the suit land with .....

Tags : Sale deed, Execution, Raiyat, Rights

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Name of person selling SIM card not required on form(11.03.2016)

Customer Acquisition Forms for acquiring a SIM card, completed at the Point of Sale, do not require the name of the person verifying the document.

Tags : Telecom operator, subscription form, point of sale

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Magnasound and Sony ordered to hand over music to liquidator(21.10.2015)

The Bombay High Court ordered Magnasound, Sony Music and another to hand over Magnasound’s repository of music and other materials to its Official Liq.....

Tags : sony, asha bhosale, wind up, employees

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Profits on sale of shares were liable to taxed under the head capital gains(27.11.2017)

This appeal has been filed by the Revenue for challenging the order of CIT(A) for treating the profit earned by the Assessee from the sale of shares u.....

Tags : Capital Gains, Sale of shares

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True nature of document has to be determined in facts of each case; precedents, in abundance, will not suffice alone(24.10.2017)

The Plaintiff's suit for redemption of mortgage, decreed by the trial Court and affirmed in first appeal, having been reversed by the High Court, the .....

Tags : Document, Nature, Sale deed, Option to repurchase

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Non-payment of a part of the sale price would not affect the validity of the sale(09.07.2020)

The present Civil Appeal has been filed to challenge the impugned Judgment passed by a Division Bench of the Gujarat High Court, which affirmed the Or.....

Tags : Sale deed, Registration, Validity

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Difference between sales tax charged and NPV paid not includible as transaction value(06.10.2015)

Distinguishing three judgments of the Supreme Court that the difference between amounts collected by Assessee from its customers as sales tax and the .....

Tags : excise, sales tax, net present value, transaction value

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Larger bench to resolve dilemma over sales tax on club F&B(04.06.2016)

A Division Bench of Justices Dipak Misra and Shiva Kirti Singh referred to a larger Bench of the Supreme Court to decide if food and beverage sold by .....

Tags : sales tax, club, permanent members, f&b

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News

PROPERTY - Minor's Property Sale by Guardian is Avoidable if Suit Filed Within Period U/A.60 Limitation Act: SC(26.02.2019)

Supreme Court has held that a sale of minor's property by guardian can be avoided only by filing a suit to set aside the deed within the period of lim.....

Tags : Supreme Court, Minor's Property Sale by Guardian

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PROPERTY - Minor's Property Sale by Guardian is Avoidable if Suit Filed Within Period U/A.60 Limitation Act: SC(26.02.2019)

Supreme Court has held that a sale of minor's property by guardian can be avoided only by filing a suit to set aside the deed within the period of lim.....

Tags : Supreme Court, Minor's Property Sale by Guardian

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PROPERTY - Minor's Property Sale by Guardian is Avoidable if Suit Filed Within Period U/A-60 Limitation Act: SC(26.02.2019)

Supreme Court has held that a sale of minor's property by guardian can be avoided only by filing a suit to set aside the deed within the period of lim.....

Tags : Supreme Court, Minor's Property Sale by Guardian

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TDSAT Directs DoT to Reconsider RCom's Plea Seeking Nod for Sale to Jio(27.02.2019)

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) directed the Department of Telecommunications (DoT) to reconsider Reliance Communications (.....

Tags : TDSAT, RCom's Plea Seeking Nod for Sale to Jio

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CIVIL - TDSAT Directs DoT to Reconsider RCom's Plea Seeking Nod for Sale to Jio(27.02.2019)

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) directed the Department of Telecommunications (DoT) to reconsider Reliance Communications (.....

Tags : TDSAT, RCom's Plea Seeking Nod for Sale to Jio

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Bombay HC Takes Suo Moto Cognizance of Illegal Sale of Nylon Threads in Festive Season(04.01.2021)

Bombay High Court has taken suo moto Public interest litigation cognizance on the illegal sale of nylon manjas on the festive seasons causing severe d.....

Tags : Bombay High Court, Illegal Sale of Nylon Threads

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Colorado Supreme Court Upholds Legality of Taxes for Special Districts(24.04.2018)

Colorado Supreme Court has upheld the constitutionality of a state law that added sales taxes to some items to benefit public transportation and cultu.....

Tags : Colorado Supreme Court, Sales Tax

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Sales Tax Tribunal, Mumbai: 4% Tax Levied on Turnover of Sales in Respect of Charter Hire of Vessels(19.02.2020)

Sales Tax Tribunal, Mumbai has held that the levy of tax on the turnover of sales in respect of the charter hire of Vessels is confirmed and has to be.....

Tags : Sales Tax Tribunal, Charter Hire of Vessels

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CESTAT, New Delhi Upholds Penalty Against Sales Managers for Evading Customs Duty(26.02.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi has upheld the order of the Commissioner of Inland Container Depot, wherein pena.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Penalty Against Sales Managers

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Securities and Exchange Board of India Allows Direct Sales of Mutual Funds on Exchanges(27.02.2020)

Securities and Exchange Board of India has allowed investors to directly use the infrastructure of stock exchanges to purchase and redeem units direct.....

Tags : Securities and Exchange Board of India, Direct Sales of Mutual Funds on Exchanges

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Special Court, Mumbai Grants Bail to 9 Accused in Case Related to Property Sale in Delhi(17.02.2022)

Special Court in Mumbai has granted bail to nine accused including Yes Bank founder Rana Kapoor, his wife Bindu and businessman Gautam Thapar in a cas.....

Tags : Special Court, Mumbai, Case Related to Property Sale in Delhi

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SC: Sale Pursuant to Public Auction Cannot be Set Aside on Basis of Offer by Third Parties(21.02.2022)

Supreme Court has observed that a sale pursuant to public auction cannot be set aside on the basis of some offer made by third parties subsequently a.....

Tags : Supreme Court, Sale Pursuant to Public Auction

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Bombay High Court to Maharashtra: Will You Stop Online Sale of Drugs ?(29.10.2015)

Bombay High Court has asked Maharashtra Government to inform what steps it would take to stop online sale of drugs specially mentioned under Schedule .....

Tags : Bombay High Court, Sale of Drugs ,Maharashtra Government

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Bombay High Court to Committee: Study Online Drug Sale Laws Abroad(30.10.2015)

Bombay HC has ordered State Government to consider taking steps in law to regulate the sale of medicines through websites, until a proper law is enfor.....

Tags : Bombay HC , Online Drug Sale

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Delhi High Court Junks Plea Seeking Enactment of Law Banning Cow Slaughter(06.11.2015)

Delhi High Court has junked a plea seeking enactment of law prohibiting slaughter of cows, sale of beef and such products across national capital regi.....

Tags : Delhi High Court, sale of beef

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Orissa High Court Permits Sale and Use of Only Green Crackers During Diwali(02.11.2021)

Orissa High Court has allowed the use and sale of only green crackers during the upcoming festivities pursuant to the prior directions of the Supreme .....

Tags : Orissa High Court, Sale and Use of Only Green Crackers

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Karnataka HC: State To Make Corrections in Website to Enable Uploading of Sale Deeds(08.11.2021)

Karnataka High Court has directed the State government to make necessary changes/ corrections in the website to enable uploading of registered sale de.....

Tags : Karnataka High Court, Uploading of Sale Deeds

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SC: Registered Sale Deed Where Entire Consideration is Paid Would Operate from Date of Execution(04.01.2024)

Supreme Court while observing that as per Section 47 of Registration Act, a registered sale deed where entire consideration is paid would operate from.....

Tags : Supreme Court, Registration Act, Section 47, Sale Deed

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Karnataka High Court Quashes Criminal Case Against Snapdeal for Sale of Drugs Without License(16.03.2022)

Karnataka High Court has quashed a criminal case registered under the Drugs and Cosmetics Act, 1940 against Snapdeal Private Limited and its directors.....

Tags : Karnataka High Court, Sale of Drugs Without License

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Bombay HC Orders Tighter Norms on Long-Term Capital Gains from Property Sale(15.09.2016)

Bombay HC has held that an exemption from long-term capital gains where sale proceeds of original asset are invested in a new residential property, wi.....

Tags : Bombay HC, long-term capital gain, Property Sale

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No Interest Where No Liability Was Admitted Under UP Sales Tax Act: Allahabad High Court(27.08.2018)

Allahabad High Court has held that no interest can be levied under the U.P. Sales Tax Act where the assessee did not admit tax liability by paying the.....

Tags : Allahabad High Court, Sales Tax

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Delhi High Court Upholds Stay on Sale by Online Pharmacies(09.01.2019)

Delhi High Court has refused to vacate the stay on sale of drugs and prescription medicines by online pharmacies.

Tags : Delhi High Court, Stay on Sale by Online Pharmacies

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NGT Imposes Ban on Use and Sale of Fire Crackers During COVID19 Pandemic(03.12.2020)

National Green Tribunal has imposed a total ban on sale and use of all kinds of fire crackers during COVID-19 pandemic in the National Capital Region .....

Tags : National Green Tribunal, Ban on Use and Sale of Fire Crackers

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ITAT, Mumbai: No TDS on Sales Commission Paid to Overseas Agents(04.12.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that tax cannot be detected at source on Sales Commission paid to Overseas Agents not having Per.....

Tags : Income Tax Appellate Tribunal, Sales Commission Paid to Overseas Agents

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Andhra Pradesh HC Stays Online Sale of Cinema Tickets on Government Platforms(04.07.2022)

Andhra Pradesh High Court has stayed the online sale of cinema tickets on government platforms and restrained the State government from going ahead wi.....

Tags : Andhra Pradesh High Court, Online Sale, Tickets

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ITAT: Goodwill Acquired Under Slump Sale Agreement Eligible for Depreciation(04.07.2022)

Income Tax Appellate Tribunal (ITAT), Hyderabad Bench has held that the depreciation is allowed on goodwill acquired under a slump sale agreement unde.....

Tags : ITAT, Depreciation, Slump Sale Agreement

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Delhi HC Directs Centre to Consider Plea as Representation on Sale of Unlicensed Products(11.08.2020)

Delhi High Court has directed the Union of India as well as the Indian Council of Medical Research to consider as representation a plea seeking formul.....

Tags : Delhi High Court, Sale of Unlicensed Products

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Kerala HC: Sale Notice under SARFAESI Act Without a 15 Days Clear Notice to Defaulter is Bad in Law(24.05.2022)

Kerala High Court has ruled that the three methods of serving, affixing and publishing a notice of 15 days for subsequent sales, as provided under Rul.....

Tags : Kerala High Court, Sale Notice, SARFAESI, Mandatory

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Gujarat HC Permits Appointment under ST Quota Pending Scrutiny of Caste Certificate(24.05.2022)

Gujarat High Court has permitted a person claiming to be from Scheduled Tribe community, to be provisionally appointed to the post of Sales Tax Inspec.....

Tags : Gujarat high Court, Scheduled Tribe, Sales Tax

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Madras HC: Amendment to Additional Sales Tax Act Unconstitutional(03.10.2016)

Madras HC has declared unconstitutional inclusion of Explanation V to Section 2(1)(aa) of TN Additional Sales Tax Act, 1970, in 2002 to levy additiona.....

Tags : Madras HC , TN Additional Sales Tax Act, works contractors

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ITAT, Delhi: Suppression in Net Sales as Business Income, Can’t be Treated As Deemed Income(19.04.2022)

Income Tax Appellate Tribunal, Delhi has ruled that the income surrendered for suppression in the net sales shall be assessable as Income from Busines.....

Tags : Income Tax Appellate Tribunal, Suppression in Net Sales, Business Income

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Supreme Court Bans Online Sale of Firecrackers(23.10.2018)

Supreme Court has banned online sale of firecrackers, restraining e-commerce websites from carrying out its sale.

Tags : Supreme Court, Online sale of Fire Crackers

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ITAT: Consideration for Resale of Computer Software Not Taxable as Royalty for Use of Copyright(06.06.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that consideration for the resale of the software through End User Licence Agreement is not.....

Tags : ITAT, Computer Software, Royalty, Resale

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AAR: Sale of Car by Company After Using it for Business Purpose Attracts 18% GST(06.06.2022)

Gujarat Authority of Advance Ruling has ruled that 18% Goods and Services Tax (GST) is payable on the sale of a car by a company after using it for bu.....

Tags : Gujarat Authority of Advance Ruling, Goods and Services Tax, Sale

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Madras HC Dismisses Plea for Total Prohibition of Manaufacture, Sale & Consumption of Alcohol(06.05.2020)

Madras High Court has refused to entertain Writ Petitions seeking absolute ban on manufacture, sale and consumption of alcohol in the State of Tamil N.....

Tags : Madras High Court, Manaufacture, Sale & Consumption of Alcohol

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ITAT, Ahmedabad: Undisclosed Sale Consideration of Property Can Only Assessable as Capital Gain(02.05.2022)

Income Tax Appellate Tribunal, Ahmedabad has ruled that the undisclosed sale consideration of the property can be subjected to tax as capital gain und.....

Tags : Income Tax Appellate Tribunal, capital gain, section 48, Income Tax Act, 1961, Undisclosed sale consideration

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ITAT, Pune: Exemption of Capital Gain u/s 54F not available for Purchase of Office Premises(11.04.2022)

Income Tax Appellate Tribunal, Pune has observed that the exemption of capital gain under section 54F of the Income Tax Act, 1961 is unavailable if th.....

Tags : Income Tax Appellate Tribunal, capital gain, section 54F of the Income Tax Act, 1961, sale consideration

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ITAT, Bangalore: Agricultural Land Not Converted at Time of Sale Not Included as Capital Gain(11.04.2022)

Income Tax Appellate Tribunal, Bangalore has observed that since the agricultural land was not converted at the time of sale, the sale consideration s.....

Tags : Income Tax Appellate Tribunal, agricultural land, sale consideration, Income Tax Act, 1961, assessee

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CESTAT, Kolkata: Manufacturer is Eligible to Avail Cenvat Credit on Sales(13.04.2022)

Customs, Excise, and Service Tax Appellate Tribunal, Kolkata has observed that since the sale and manufacture are inter connected, the cenvat credit i.....

Tags : Customs, Excise, and Service Tax Appellate Tribunal, cenvat credit, sales commission

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Chennai-Salem Project: Madras High Court Asks Government Not to Create Problem(21.09.2018)

Madras High Court has directed the state government not to precipitate any problem, pursuant to the proposed acquisition of land for the multi-crore C.....

Tags : Madras High Court, Chennai-Salem Project

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Kerala HC: No Valid Sale under Law if Notice of Sale on Which Parties Acted upon Has Been Set Aside(20.05.2022)

Kerala High Court examined that when the notice of sale based on which the parties bid for property has been set aside, presumed that there is no vali.....

Tags : Kerala High Court, Notice of Sale

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Delhi High Court Bans Online Medical Sales Across Country(13.12.2018)

Delhi High Court has ordered a ban on sale of online medicines by e-pharmacists across the country and directed the Centre and the State government to.....

Tags : Delhi High Court, Online Medical Sales

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Madras High Court Bans Online Sales of Medicines(18.12.2018)

Madras High Court has restrained online business in drugs and cosmetics until Central Rules in this regard are notified.

Tags : Madras High Court, Online sale of medicines

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ITAT: Deposit of Banned Notes Received Out of Cash Sales During Demonetization Period is Valid(05.07.2022)

Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench while deleting an addition under Section 69A of the Income Tax Act, 1961, has held that depo.....

Tags : ITAT, Cash Sales, Demonetization

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SC: Abu Salem has to be Released After 25 Years of Sentence as per Extradition Treaty With Portugal(11.07.2022)

Supreme Court has held that the sentence of life imprisonment imposed on Abu Salem in the 1993 Bombay Blasts case has to be remitted upon the completi.....

Tags : Supreme Court, Extradition, Abu Salem

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Centre Notifies Standard House Purchase Agreement(03.11.2016)

Centre has notified a Standard House Purchase Agreement that builders all over India will have to sign with home buyers, which will result in automati.....

Tags : Standard House Purchase Agreement, Notification, sale agreement

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Madras High Court Grants Interim Injunction Against Online Medicine Sale(01.11.2018)

Madras High Court has granted interim injunction restraining online sale of medicines till November 9 on a petition filed by the Tamil Nadu Chemists a.....

Tags : Madras High Court, Online Sale of Medicines

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Bombay High Court Rejects PIL Seeking Stay on Cattle Sale(12.11.2018)

Bombay High Court has rejected PIL challenging the union government’s decision of selling around 20,000 cattle in 39 military farms across the country.....

Tags : Bombay High Court, Cattle sale

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Madras HC Questions Centre, TN Govt Over Liquor Sale(07.02.2017)

Madras High Court, while expressing concern over drinking and offences committed due to it, has posed a set of questions to Centre and Tamil Nadu Gove.....

Tags : Madras High Court, Liquor Sale

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Bombay HC Directs SEC to Consider Reshma Bhosale As Independent Candidate(09.02.2017)

Bombay High Court has directed State Election Commission (SEC) to consider Reshma Bhosale as an independent candidate, contradicting decision of Retur.....

Tags : Bombay High Court, Reshma Bhosale, Election Commission

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Tax Benefit can be Availed on Multiple Flats' Sale, Says ITAT(12.02.2019)

Income Tax Appellate Tribunal (ITAT) has held that a taxpayer can avail of the tax benefits where long-term capital gains arising on sale of more than.....

Tags : ITAT, Tax Benefit can be Availed on Multiple Flats' Sale

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Madras High Court Orders Interim Ban on Sale of Edible Oil as Loose Oil(21.12.2020)

Madras High Court has passed an interim order banning the sale of edible oil as loose oil, observing that the edible oils (sold in loose packets) are .....

Tags : Madras High Court, Sale of Edible Oil

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SC: Twin Condition of Fraud And Substantial Injury Has to be Satisfied to Set Aside Auction Sale(05.09.2022)

Supreme Court has held that twin conditions of material irregularity or fraud and substantial injury has to be satisfied before an auction sale can be.....

Tags : Supreme Court, Twin Condition, Auction Sale

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Madras High Court Lifts Ban on Online Sale of Medicines(03.01.2019)

Madras High Court has stayed an order passed by a single judge on December 17 that banned the sale of medicines online and said that interim stay will.....

Tags : Madras High Court, Online Sale of Medicines

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Delhi HC Grants Ad-Interim Injunction Restraining Sale of "Vintage Moments" Alcohol(21.10.2020)

Delhi High Court has passed an ad interim order restraining the manufacturing, marketing, sale etc. of alcohol under the mark 'VINTAGE MOMENTS' in a s.....

Tags : Delhi High Court, Sale of "Vintage Moments" Alcohol

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ITAT: Change in Method of Treating Income Can Lead to Double Taxation(18.07.2022)

Income Tax Appellate Tribunal (ITAT), Rajkot Bench has held that a change in the method of treating income would lead to double taxation if the sales .....

Tags : ITAT, Double Taxation, Sales Consideration

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Delhi HC Seeks Government’s Opinion over Private Sale of Army Apparels, Gears(07.12.2016)

Delhi High Court has said that private sale of army apparel and gear was a "serious issue" since these have been used by terrorists to strike at milit.....

Tags : Delhi High Court , army apparel, Private Sale, terrorists

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Delhi HC: Sale Out of Opening Stock Not Income from Other Sources(27.11.2020)

Delhi High Court has held that the sale made out of opening stock can not be treated as unexplained income to be taxed as income from other sources.

Tags : Delhi High Court, Sale Out of Opening Stock

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No Service Tax on Sale/Purchase of Property on a Principal to Principal Basis: CESTAT(07.12.2018)

Customs, Excise and Service Tax AppellateTribunal (CESTAT), Delhi has held that there cannot be any service tax liability under the category “Real Est.....

Tags : CESTAT, Service Tax, Sale/Purchase of Property on a Principal to Principal Basis

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NGT Bans Sale/ Use of Firecrackers in Delhi NCR And Places All Over India with Poor/ Worse AQI(09.11.2020)

National Green Tribunal has imposed a total ban on sale/ use of all kinds of firecrackers in Delhi NCR from the midnight of November 9-10, 2020 to the.....

Tags : National Green Tribunal, Ban on Sale/Use of Firecrackers in Delhi

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Telangana HC Directs State to Immediately Ban Sale/Use of Fireworks During Diwali(13.11.2020)

Telangana High Court has directed the State to immediately ban the sale and use of fireworks by the people and by organisations noting that uncontroll.....

Tags : Telangana High Court, Ban Sale/Use of Fireworks

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P&H HC Denies Quashing Chandigarh Administration's Order Putting Ban on Sale or Use of Crackers(17.11.2020)

Punjab & Haryana High Court on has denied granting any relief to Chandigarh Cracker Dealers Association, which had challenged the Union Territory, Cha.....

Tags : Punjab and Haryana High Court, Ban on Sale or Use of Crackers

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Madras HC Extendes Permission Given for Online Sale of Medicine till March 20(30.01.2019)

Madras High Court has extended permission given for online sale of pharmaceuticals till the 20th of March.

Tags : Madras High Court, Online Sale of Medicine

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Bombay HC Quashes State’s Demand Order Claiming 111.78 Crore Sale Tax From BrahMos(11.01.2017)

Bombay High Court has quashed and set aside a demand order issued to BrahMos Aerospace Pvt Ltd by Maharashtra Sales Tax Department, demanding Rs 117.7.....

Tags : Bombay High Court, BrahMos Aerospace, Sales Tax

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No Sales Tax to be Levied on Medicines and Surgical Tools Used in Medical Procedures: Kerala HC(21.01.2019)

Kerala High Court has ruled that medicines, implants and other materials used during procedures at hospitals do not constitute sale of goods, and henc.....

Tags : Kerala High Court, No Sales Tax to be Levied on Medicines and Surgical Tools

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SC Upholds Land Acquisition Notifications for Chennai-Salem 8 Lane Expressway(08.12.2020)

Supreme Court has upheld the notifications issued for acquiring land for the Chennai-Salem eight-lane greenfield expressway project.

Tags : Supreme Court, Chennai-Salem 8 Lane Expressway

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Bombay HC Bans Propagation for Sales of Item Claiming Miraculous or Supernatural Powers(06.01.2021)

Bombay High Court has held that the sale of items, claiming that they possess miraculous or supernatural powers via television advertisement is illega.....

Tags : Bombay High Court, Sale of Items

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Guj. HC: Bank can’t refuse Title Deed After clearing Charge over Property Through 3rd Party Sale Deed(25.07.2022)

Gujarat High Court has held that once the bank agrees to sell a property mortgaged with it by a loan defaulter and a third party pays full considerati.....

Tags : Gujarat High Court, Title Deed, Sale Agreement

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ITAT: Nature of Land Sold is to be Ascertained Based on Sale Deed Executed(27.07.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the nature of land sold is to be ascertained based on the sale deed executed.

Tags : ITAT, Land, Sale Deed

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Tel. HC: Jurisdiction to Try Offence of Manufacturing Sub-Standard Drug Lies Where Sale Completed(02.08.2022)

Telangana High Court has held that an offence of manufacture of substandard quality of drug can only be tried by Court in whose jurisdiction sale has .....

Tags : Telangana High Court, Drug, Sale

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Supreme Court Stays High Court's Order Banning Alcohol Sale in Three Districts of Uttarakhand(03.04.2017)

Supreme Court has stayed a Uttarakhand HC order directing closure of all liquor shops and consumption of intoxicants in Rudraprayag, Chamoli and Uttar.....

Tags : Supreme Court, Uttrarakhand, Alocohol Sale

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SC Issues Notice in Amazon Plea Challeging Delhi HC Stay on Future-Reliance Retail Stake Sale(22.02.2021)

Supreme Court has issued notice in the plea by Amazon challenging Delhi High Court's stay on the implementation of its own order passed by the Single .....

Tags : Supreme Court has issued notice in the plea by Amazon challenging Delhi High Court's stay on the implementation of its own order passed by the Single Judge bench of Justice Midha, which had directed status quo order on the Future - Reliance retail stake sale deal of nearly Rs. 25000 crore.

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SC Issues Notice in Amazon Plea Challeging Delhi HC Stay on Future-Reliance Retail Stake Sale(22.02.2021)

Supreme Court has issued notice in the plea by Amazon challenging Delhi High Court's stay on the implementation of its own order passed by the Single .....

Tags : Supreme Court, Future-Reliance Retail Stake Sale

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CIVIL - Auction Sale can't be Held 3 Years After End of FY in which Recovery Certificate was Issued: Kerala H(22.02.2019)

Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....

Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal

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CIVIL - Auction Sale can't be Held 3 Yrs After End of FY in which Recovery Certificate was Issued: Kerala HC(22.02.2019)

Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....

Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal

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Delhi HC Directs Status Quo to be Maintained on Reliance-FRL Stake Sale Deal on Amazon's Plea(03.02.2021)

Delhi High Court has granted interim relief to Amazon directing all authorities and parties to maintain status quo on the Reliance-Future Retail Ltd s.....

Tags : Delhi High Court, Reliance-Future Retail Ltd Stake Sale Deal

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SC: 'Letter Of Credit' is Independent Contract of Sale or Underlying Transactions(11.11.2022)

Supreme Court has held that a letter of credit is independent of, and unqualified by the contract of sale or underlying transactions.

Tags : Supreme Court, Sale, Letter of Credit

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Madras High Court: Registration of Sale Deed Cannot Be Refused Summarily(10.04.2017)

Madras High Court has made it clear that registration authorities cannot simply refuse to register a sale deed merely on ground that it was objected t.....

Tags : Madras High Court, Sale Deed

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Kerala HC Rejects Plea To Retain Authorised Wholesale Distributors In PDS(12.04.2017)

Kerala HC has rejected plea of Kerala Ration Wholesale Distributors Federation to retain Authorised Wholesale Distributors (AWD) and not to shut them .....

Tags : Kerala HC, Authorised Wholesale Distributors

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Madras HC: Proceeds on Sale of Certified Emission Reduction Credit is Capital Receipt(10.03.2021)

Madras High Court has held that proceeds realized on sale of Certified Emission Reduction Credit, which had been earned on the Clean Development Mecha.....

Tags : Madras High Court, Proceeds on Sale of Certified Emission Reduction Credit

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Karnataka HC: No Online Liquor Sale Permissible When Excise Rules Do Not Allow It(22.02.2021)

Karnataka High Court has stated that licence issued under the Excise Act, 1958 and the Rules framed there under in no way authorizes any agent/interme.....

Tags : Karnataka High Court, Online Liquor Sale

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SC Division Bench Delivers Split Verdict in Civil Appeal from Specific Performance Suit(16.01.2023)

Supreme Court division bench comprising Justices M.R. Shah and B.V. Nagarathna a split verdict in a civil appeal arising out of a suit seeking specifi.....

Tags : Supreme Court, Specific Performance Suit, Civil Appeal, Agreement of Sale

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SC Delivers Split Verdict on Issue ‘Is Non-Production of Power of Attorney Fatal to Title Suit?’(16.01.2023)

Supreme Court Division Bench has delivered a split verdict in a plea pertaining to the issue that when a sale deed is executed on the strength of a de.....

Tags : Supreme Court, Sale Deed, Power of Attorney, Title Suit

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Delhi HC Stays Notification Cancelling F Forms Issued by Dealers(08.04.2019)

Delhi High Court has stayed notification issued by the State Government cancelling form F issued by a dealer in Delhi and cancellation was under rule .....

Tags : Delhi High Court, Sales Tax, Form F

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Delhi HC Stays Notification Cancelling F Forms Issued by Dealers(08.04.2019)

Delhi High Court has stayed notification issued by the State Government cancelling form F issued by dealers in Delhi and cancellation was under rule 8.....

Tags : Delhi High Court, Sales Tax, Form F

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Sale of Client Relationship and Goodwill by CA Firm Constitute Capital Gain: ITAT(10.04.2019)

Income Tax Appellate Tribunal (ITAT), Delhi bench has held that sale of client relationship and goodwill by firm is capital asset under section 2(14),.....

Tags : ITAT, CA Firm, Sale of Client Relationship and Goodwill

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ITAT, Kolkata Allows Long-Term Capital Loss from Sale of Government Securities(23.03.2021)

Income Tax Appellate Tribunal (ITAT), Kolkata has allowed the Long-Term Capital Loss arising from the sale of Government Securities after applying the.....

Tags : Income Tax Appellate Tribunal, Long-Term Capital Loss from Sale of Government Securities

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Bombay High Court Stays Ban on Sale of Meat in Mumbai on September 17(14.09.2015)

Bombay High Court on petition challenging ban imposed in name of Jain community's 'Paryushan' fasting period, has stayed ban on sale of meat in Mumbai.....

Tags : Bombay High Court,Paryushan,Ban on Sale of Meat

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SC: Words Like ‘Repay’, ‘Return’, ‘Subject to this Condition’ Imply Agreement is Not of Absolute Sale(17.08.2017)

Supreme Court has observed that words like “repay”, “return” and “subject to this condition” in an agreement are not commensurate with a deed of absol.....

Tags : Supreme Court, sale

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Delhi HC Stays Implementation of Status Quo Order in Future-Reliance Stake Sale Deal(09.02.2021)

Delhi High Court has stayed the implementation of its own order passed by the Single Judge bench of Justice Midha, which had directed status quo order.....

Tags : Delhi High Court, Future-Reliance Stake Sale Deal

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SC Refuses to Entertain PIL Seeking Directions to Stop Sale of Counterfeit COVID 19 Vaccine(11.02.2021)

Supreme Court has refused to entertain a Public Interest Litigation (PIL) petition filed seeking to direct the Central Government to issue under the D.....

Tags : SC. Sale, COVID 19 Vaccine

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ITAT, Pune: Sale Consideration for Sale of Software Products is Business Income(15.02.2021)

Income Tax Appellate Tribunal (ITAT) Pune has ruled that the sale consideration received for the sale of software products from the end-users, distrib.....

Tags : Income Tax Appellate Tribunal, Sale Consideration for Sale of Software Products

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SC: Concessional Rate of Sales Tax Not Applicable on Oxygen as it is Not Raw Material(08.12.2022)

Supreme Court while observing that the main function of oxygen in manufacturing steel is to reduce the carbon content, has held that it can be conside.....

Tags : Supreme Court, Sales Tax, Oxygen

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Bombay High Court to State: Amicably Settle Dispute on Ban on Meat Sale During Festivals(09.05.2017)

Bombay High Court has asked Maharashtra Government to decide in six weeks time the days on which there would be a ban on slaughter of animals and sale.....

Tags : Bombay High Court, Meat Sale

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Delhi HC: Arbitrator Can’t Set Aside Sale Notice Issued by Secured Creditor Under SARFAESI Act(23.02.2023)

Delhi High Court has held that matter of a sale notice issued by secured creditor under Section 13(4) of SARFAESI Act is not arbitrable at all, and th.....

Tags : Delhi High Court, SARFAESI, Sale Notice, Arbitrator

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Madras HC Quashes Land Acquisition Proceedings for Chennai-Salem Expressway(23.04.2019)

Madras High Court has quashed land acquisition proceedings initiated by Centre as well as State Government for ambitious ?10,000 crore Chennai-Salem e.....

Tags : Madras High Court, Chennai-Salem Expressway

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Madras HC Quashes Land Acquisition Proceedings for Chennai-Salem Expressway(23.04.2019)

Madras High Court has quashed land acquisition proceedings initiated by Centre as well as State Government for ambitious Rs. 10,000 crore Chennai-Sale.....

Tags : Madras High Court, Chennai-Salem Expressway

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Transfer of Shares of Subsidiary Not a Slump Sale: Bombay HC(29.04.2019)

Bombay High Court has held that transfer of a subsidiary’s share cannot be ‘slump sale’ of an undertaking.

Tags : Bombay High Court, Slump Sale

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Bom. HC: Wife Can’t Obstruct Sale of House When Husband Willing to Provide Her Similar Accommodation(13.02.2023)

Bombay High Court has held that wife doesn’t have the right to obstruct the sale of her estranged husband’s home if he is willing to provide her a sim.....

Tags : Bombay High Court, Wife, Sale, Accommodation

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SALES TAX/VAT - State can Include Proceeds from Inter-State Sale in Turnover to Classify Dealers for Sales Tax: SC(29.03.2019)

Supreme Court has repelled challenge to constitutionality of Section 6B of Karnataka Sales Tax Act 1957 on ground that it permitted State to include p.....

Tags : Supreme Court, Karnataka Sales Tax Act 1957

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HP HC: Sale Deed is Relevant Factor in Determining Compensation(14.03.2023)

Himachal Pradesh High Court has held that while determining value of the land, both acquisition of land award and the sale are relevant to determine t.....

Tags : Himachal Pradesh High Court, Compensation, Sale Deed

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Bombay HC Allows Correction in Sale Deed After Thirty-Eight Years(16.03.2023)

Bombay High Court while observing that Court under Section 151 and 152 of CPC has power to rectify errors has allowed corrections to be made in a sale.....

Tags : Bombay High Court, Sale Deed, CPC

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ITAT, Pune: Income from Sale of Software License Not ‘Royalty’ Under Indo-US DTAA(17.06.2021)

Income Tax Appellate Tribunal (ITAT), Pune has held that the income from the sale of software license cannot be treated as “royalty” for the purpose o.....

Tags : Income Tax Appellate Tribunal, Income from Sale of Software License

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SC Stays Madras HC Order That Set Aside Notification Banning Sale of Chewing Tobacco in Tamil Nadu(26.04.2023)

Supreme Court has stayed the Madras High Court’s order setting aside notification imposing a ban on sale of Gutka, Pan Masala, flavoured or scented fo.....

Tags : Supreme Court, Chewing Tobacco, Ban, Sale

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SC: Domicile Reservation Should Not Become ‘Wholesale Reservation’(01.05.2023)

Supreme Court has held that while reservation in favour of residents is permissible, yet reservation to extent of 75% of total seats makes it a wholes.....

Tags : Supreme Court, Wholesale Reservation, Domicile

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SC: Section 16B of HP General Sales Tax Act Not Ultra Vires to Any Provision of Law(01.05.2023)

Supreme Court while setting aside High Court judgment which held that Section 16B of Himachal Pradesh General Sales Tax (HPGST) is ultra vires to Sect.....

Tags : Supreme Court, Himachal Pradesh General Sales Tax, SARFAESI, Ultra Vires

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1993 Mumbai Serial Blasts Case: TADA Court Convicts Abu Salem, Five Others; Abdul Qayyum Acquitted(16.06.2017)

A Special Terrorism and Disruptive Activities Act (TADA) court has convicted Abu Salem and five others in 1993 Mumbai serial blast case and acquitted .....

Tags : Special Terrorism and Disruptive Activities Act, Abu Salem, Abdul Qayyum

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SC: Assessee to Pay Service Tax on Service Element; Sales Tax on Goods Transferred in Works Contract(05.05.2023)

Supreme Court has held that assessee has to pay service tax on the service element of the works contract and can claim CENVAT Credit only on the said .....

Tags : Supreme Court, Service Tax, Works Contract, Sales Tax

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SC: Validity of Sale Deed Executed b/w co-defs. Can’t be Decided in Plaintiff’s Suit for Possession(08.05.2023)

Supreme Court has held that in plaintiff’s suit for possession, validity of sale deed executed between the defendants cannot be considered as it would.....

Tags : Supreme Court, Sale Deed, Validity, Co-Defendants

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SC Gives Split Verdict on ‘Can Tax Exemption be Claimed Based on Doctrine of Legitimate Expectation’(15.05.2023)

Supreme Court division bench comprising of Justices M.R. Shah and Krishna Murari has rendered a split verdict on whether tax exemption can be claimed .....

Tags : Supreme Court, Sales Tax, Exemption, Doctrine of Legitimate Expectation

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IRDA Specifies Procedure to be Followed to Deal with Resignation of ISPs of IMFs(29.05.2017)

Insurance Regulatory and Development Authority of India has issued procedure to be followed to deal with resignation of ISPs of IMFs which says that s.....

Tags : Insurance Regulatory and Development Authority of India, Insurance Sales Persons (ISPs), Insurance Marketing Firms (IMFs)

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SC: Penalty U/S 45 of Guj. Sales Tax Act, 1969 is Statutory And Mandatory(19.04.2023)

Supreme Court while observing that penalty under Section 45 of Gujarat Sales Tax Act, 1969 is statutory and mandatory in nature, has held that no disc.....

Tags : Supreme Court, Gujarat Sales Tax Act, Statutory, Mandatory

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Special Court Sentences Abu Salem To Life, 2 Get Death In Mumbai Blasts Case(07.09.2017)

A Special Court has sentenced to life in jail Gangster Abu Salem in the 1993 Mumbai blasts case, while two other convicts, Tahir Merchant and Feroz Kh.....

Tags : Special Court, Gangster Abu Salem

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Rajasthan HC: No Sale of Flats Without Completion Certificate(14.12.2015)

Rajasthan High Court has ordered that no registration of flats in multi-storey buildings will be allowed in the state without issuance of completion c.....

Tags : Rajasthan High Court , Sale of Flats

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Gujarat High Court Slams Sales Tax Authority on Grounds of Revenue Collection from Private Firm(21.08.2019)

Gujarat High Court has slammed Sales Tax Authority for collecting revenue from a private firm Micromax Informatics Limited. The High Court has termed .....

Tags : Gujarat High Court, Sales Tax Authority

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Kerala HC Directs Necessary Steps to be Taken to Ensure Liquor Sold in Acceptable Manner(02.08.2021)

Kerala High Court has declared that necessary steps should be taken to make sure that liquor is sold in an acceptable manner by the State like all oth.....

Tags : Kerala High Court, Sale of Liquor

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SC: Credit Note Issued in Consideration of Replacement of Defective Part Attracts Sales Tax(17.05.2023)

Supreme Court has held that credit note issued by manufacturer of automobiles to its dealer in consideration of replacement of defective part pursuant.....

Tags : Supreme Court, Sales Tax, Credit Note, Defective Part

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Ker. HC: Sale of Liquor Should Take Place to Attract Section 55(i) of Kerala Abkari Act(18.05.2023)

Kerala High Court has held that illicit sale of liquor should be made to attract offence under section 55(i) of Kerala Abkari Act and stated that mere.....

Tags : Kerala High Court, Kerala Abkari Act, Liquor, Sale

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Karnataka HC Allows CST Refund to Wipro for Period Covered by Foreign Trade Policy(08.08.2017)

Karnataka High Court has allowed Wipro GE Healthcare Private Limited's refund claim of around 20 crores paid as Central Sales Tax (CST) for the period.....

Tags : Karnataka High Court, Central Sales Tax

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SC: Contract Containing Condition of right to Repurchase in Sale Deed is Enforceable(05.07.2023)

Supreme Court has held that condition of right to repurchase in sale deed will not be personal to the vendor unless the terms in the documents specifi.....

Tags : Supreme Court, Sale Deed, Repurchase, Enforceable

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Calcutta HC Confirms Sales Tax Dept’s order Denying Online Generation of C-Forms(26.07.2017)

Calcutta High Court has confirmed the action of Sales Tax Department denying online generation of C forms while directing the petitioner to file the f.....

Tags : Calcutta HC, Sales Tax

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SC: Possessory Right of Prospective Purchaser Protected U/S 53A of TP Act(08.06.2023)

Supreme Court has held that even though sale agreement doesn’t confer proprietary rights in an immovable property but prospective purchaser having per.....

Tags : Supreme Court, Sale Agreement, Possessory Right, Prospective Purchaser

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Oklahoma Supreme Court Rules Sales Tax is Constitutional(01.09.2017)

Oklahoma Supreme Court has ruled that automobile sales tax implemented this year is constitutional.

Tags : Oklahoma Supreme Court, Sales Tax

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Apex Court: For Sales Tax on Transfer of Right to Use Goods, Place of Contract is Relevant(09.12.2019)

Apex Court has clarified that for the purposes of levy of sales tax the place of the contract for transfer of right to use of goods is relevant than t.....

Tags : Apex Court, Sales Tax

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Allahabad HC Upholds Detention Order Against Mohseen Saleem Sheikh(18.10.2021)

Allahabad High Court has upheld the detention order passed under the National Security Act, 1980 against Mohseen Saleem Sheikh, who has been accused o.....

Tags : Allahabad High Court, Mohseen Saleem Sheikh

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Kar. HC: Sites for Civic Amenities Cannot be Sold(19.09.2023)

Karnataka High Court has held that civic amenity sites are not mere parcels of land, but integral components of the urban landscape that directly impa.....

Tags : Karnataka High Court, Civic Amenities, Land, Sale

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GST: Retail Sale Price Declared on the Footwear Package is Inclusive of Goods and Service Tax(04.10.2017)

Central Government has clarified that Retail Sale Price declared on the Foot ware Package is inclusive of Goods and Services Tax (GST).

Tags : Goods and Services Tax, Retail Sale Price

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Delhi HC: Outright Ban on the Sale of Acid may not be the Most Appropriate Approach(28.07.2023)

Delhi High Court while observing that outright ban on the sale of acid may not be the most appropriate approach, has directed State government to focu.....

Tags : Delhi High Court, Sale of Acid, Implementation

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No Sales Tax on Drugs, Med., Equipment Used in Course of Treatment at Hospital: Sales Tax Tribunal(18.12.2017)

Maharashtra Sales Tax Tribunal has ruled that no sales tax can be levied on drugs, medicines, stents and other goods used in the course of medical tre.....

Tags : Maharashtra Sales Tax Tribunal

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Advance Payment of Sales Tax Credited under ‘Sales-Tax Recoverable A/c’ is not Deductible: Delhi HC(20.12.2017)

Delhi High Court has ruled that Advance Payment of Sales Tax credited under ‘Sales-tax Recoverable A/c’ is not deductible from the taxable income.

Tags : Delhi High Court, Sales Tax

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CCI Dismisses Complaint Against 6 Individuals in Land Sale Case(18.03.2016)

Competition Commission of India (CCI) has rejected a complaint against six individuals pertaining to sale of land plots in Dehradun, saying it is a di.....

Tags : Competition Commission of India , Land Sale Case

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Madras HC Makes Production of Life Certificates of Principal Landowners Must for Registration(02.12.2015)

Madras HC has upheld authority of Inspector General of Registration (IGR) to issue circular instructing Sub-Registrars across State to insist on produ.....

Tags : Madras HC ,Inspector General of Registration , sale deeds for registration

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ITAT, Bangalore: Consideration for Sale of Software Not to be Treated as Royalty(13.08.2021)

Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that consideration for the sale of software cannot be treated like royalty.

Tags : Income Tax Appellate Tribunal, Consideration for Sale of Software

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Supreme Court Dismisses Appeal by Delhi Sales Tax Authorities(20.01.2020)

Supreme Court has dismissed an appeal by Delhi Sales Tax Authorities and upheld the final judgment and order passed by the Delhi High Court that sales.....

Tags : Supreme Court, Delhi Sales Tax Authorities

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SC: Section 32, Registration Act Does Not Require the Presence of Parties During Registration of Sale(27.01.2020)

Supreme Court has observed that Section 32 of the Registration Act, 1908, does not require the presence of both parties to a deed of sale when the sam.....

Tags : Supreme Court, Registration of Sale Deed

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AAAR: Pre-Sales Marketing Services by Indian Subsidiary to Foreign Parent Co is Intermediary Service(28.01.2020)

Appellant Authority for Advance Ruling (AAAR), Karnataka has ruled that Pre-sale and Marketing Services by Indian Subsidiary to Foreign Parent Company.....

Tags : Appellate Authority for Advance Rulings, Pre- Sale Marketing Service

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Routers, Hubs, Switches Are ‘Computer Peripherals’, Attracts 4% Sales Tax: Madras HC(24.11.2017)

Madras High Court has held that routers, hubs and switches would come within the meaning of ‘computer peripherals’ for which lower rate of 4% VAT is a.....

Tags : Madras High Court, Sales Tax

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Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya(29.11.2017)

Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya

Tags : When the bench asked Hadiya to name any relative or any near acquaintance to be named as her local guardian in college at Salem in Tamil Nadu, she said her husband could be her guardian and she does not want anyone else in that role.

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Kerala HC: Section 53A of Transfer Of Property Act Not Applicable To A Void Agreement For Sale(28.09.2021)

Kerala High Court has ruled that Section 53A of the Transfer of Property Act, 1882 is not applicable in respect of an agreement for sale which is void.....

Tags : Kerala High Court, Void Agreement For Sale

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Karnataka HC Quashes Absolute Sale Deed Registered in Violation of KHB Rules(01.10.2021)

Karnataka High Court has quashed an absolute sale deed registered in violation of rules by the Karnataka Housing Board (KHB) in respect of a civic ame.....

Tags : Karnataka High Court, Absolute Sale Deed

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Online Sales to be Considered as Exports(13.04.2016)

Government has said all sales by Indian sellers to foreign buyers through digital platforms would be classified as export. It will allow the domestic .....

Tags : Government, MEIS, Online Sales

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Allahabad HC Seeks Reply from Centre/ State in Plea for Regulation of Sale and Distribution of Acid(15.01.2020)

Allahabad High Court has sought replies from the Centre and the Uttar Pradesh State Governments in a Public Interest Litigation seeking the implementa.....

Tags : Allahabad High Court, Regulation and Sale of Acid

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Madras HC: Sales Tax is Leviable on Sale of REP License(17.10.2017)

Madras High Court has upheld the levy of sales tax on sale of REP license under the provisions of the Tamil Nadu General Sales Tax Act.

Tags : Madras High Court, Tamil Nadu General Sales Tax Act, REP license

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Allahabad HC: Writ Court Can’t Revise Order Passed in Revision u/s 11 of U.P. Sales Tax Act(01.11.2017)

Allahabad High Court has held that Writ Court cannot revise order passed in Revision under Section 11 of the U.P Sales Tax Act, 1948.

Tags : Allahabad High Court, Sales Tax

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SC: Unilateral Cancellation of Registered Sale Deed Can't be an Anticipatory Bail Condition(20.09.2021)

Supreme Court has observed that a registered sale deed cannot be cancelled unilaterally by one party to the said document in purported compliance of t.....

Tags : Supreme Court, Cancellation of Registered Sale Deed

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Delhi HC Grants Bail to Mohd. Saleem Khan in Connection with murder of Constable Ratan Lal(27.09.2021)

Delhi High Court has granted bail to Mohd. Saleem Khan while denying it to Mohd. Ibrahim in connection with murder of Head Constable Ratan Lal and cau.....

Tags : Delhi High Court, Bail to Mohd. Saleem Khan

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Bombay High Court Rejects Abu Salem's Plea for Parole to Marry(08.08.2018)

Bombay High Court has rejected 1993 serial blasts convict Abu Salem's plea for parole to get married.

Tags : Bombay High Court, Abu Salem

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AAR, Telangana: No IGST Payable on Supply of Imported Goods on High Sea Sale Basis(04.01.2022)

Authority of Advance Ruling (AAR), Telangana has held that no integrated goods and services tax (IGST) payable on supply of imported goods on High Sea.....

Tags : Authority of Advance Ruling, Supply of Imported Goods on High Sea Sale basis

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Madras HC: No Registration of Sale Deed in Unauthorised Layouts(12.09.2016)

Madras HC, while seeking to prevent further development of unauthorised layouts and conversion of agricultural areas for non-agriculture use in an unp.....

Tags : Madras HC, Sale Deed

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Delhi HC to Centre: Frame Policy on Online Sale of Drugs Within Eight Weeks(16.11.2023)

Delhi High Court has directed the Union Government to frame a policy to regulate online sale of drugs or medicines within 8 weeks.

Tags : Delhi High Court, Online Sale

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Registering Authority Cannot Cancel/Set Aside An Already Registered Sale Deed: Allahabad HC(28.05.2018)

Allahabad High Court has held that a registered sale deed cannot be cancelled or set aside by registering authority or by any authority invoking admin.....

Tags : Allahabad High Court, Sale Deed

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Old Newspapers Sold as Waste Paper Not Liable to State Sales Tax: Madras High Court(28.05.2018)

Madras High Court has held that old newspapers when sold as such would be covered by the exemption provided in the Constitution and sale thereof would.....

Tags : Madras High Court, Newspapers, Sales Tax

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Kerala HC: Grounds to Set Aside Sale Not Available in Petition u/s 47 CPC(04.02.2022)

Kerala High Court has ruled that the grounds available to set aside a sale under Order XXI Rule 90 of the Code of Civil Procedure, 1908 (CPC) shall no.....

Tags : Kerala High Court, Grounds to Set Aside Sale

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SC: Sale Deed Executed Without Payment of Price Is Void; Has No Legal Effect(23.11.2021)

Supreme Court has observed that the payment of price is an essential part of a sale. The Court has said that if a sale deed in respect of an immovable.....

Tags : Supreme Court, Sale Deed Executed Without Payment

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SC: Motor Vehicles Hired from a Contractor not Sale of Goods, Won’t Attract Sales Tax or VAT(11.01.2024)

Supreme Court has held that hiring of motor vehicles/cranes from a contractor can’t be considered as sale of goods as sale involves possession and con.....

Tags : Supreme Court, Motor Vehicles, Sales Tax, VAT

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Sales Tax Subsidy is Capital Receipt, Not Taxable: ITAT, Kolkata(20.02.2018)

Kolkata bench of Income Tax Appellate Tribunal has held that sales tax subsidy is capital receipt and it is not taxable.

Tags : Income Tax, Sales Tax

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Supreme Court Allows Registration of BS-IV Vehicles' Sale Uploaded on E-Vahan Portal(02.12.2021)

Supreme Court has permitted registration of those BS-IV vehicles whose sales were uploaded on e-Vahan portal before 31.03.2020 provided that the tempo.....

Tags : Supreme Court, Registration of BS-IV Vehicles' Sale

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Kar. HC: Sufficient Bank Bal. Not Absolute Pre-requisite to Establish Readiness to Execute Agreement(24.01.2024)

Karnataka High Court has held that although it is relevant to consider the bank balance of a party while considering the matters of readiness and will.....

Tags : Karnataka High Court, Sale Agreement, Bank Balance

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US Supreme Court Says States Can Collect Online Sales Tax(22.06.2018)

US Supreme Court has said that states can collect sales taxes on purchases from online retailers even if that company doesn't have a physical presence.....

Tags : US Supreme Court, Online Sales Tax

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CESTAT, Ahmedabad: No Presumption of Deemed Sale on Ground of Non-Payment of VAT(31.03.2020)

Customs Excise and Services Tax Appellate Tribunal, Ahmedabad has ruled that deemed sale cannot be presumed for the purpose of imposing service tax me.....

Tags : CESTAT Ahmedabad, Deemed Sale

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Delhi HC Seeks Response on Steps Taken to Ensure NGT Orders Banning Sale of Chinese Manjha(23.12.2021)

Delhi High Court has sought response of the Centre as well as the Delhi Government over the steps taken by them to ensure that the orders of National .....

Tags : Delhi High Court, NGT Orders Banning Sale of Chinese Manjha

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Madras HC Imposes Temporary Ban on Liquor Sale in Puducherry(30.12.2021)

Madras High Court has asked the Union Territory of Puducherry to temporarily ban the supply of alcohol from 10 PM on New Year's Eve till 1 AM on 1st J.....

Tags : Madras High Court, Temporary Ban on Liquor Sale

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Supreme Court: Entering Into Sale Agreement With Minor is Void and Unenforceable(27.02.2024)

Supreme Court has held that per the Contract Act, 1872 it is clearly stated that for an agreement to become a contract, the parties must be competent .....

Tags : Supreme Court, Contract Act, 1872, Sale Agreement, Minor

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Madras HC Comes Down Heavily on Tobacco Sale Near Schools(14.06.2016)

Madras High Court has directed public health department and police officers to crack down on tobacco sale and use in the vicinity of schools and said,.....

Tags : Madras High Court, Tobacco Sale Near Schools

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Bombay HC: Real Estate Developer Liable to Pay Income Tax on Sale of Agricultural Land(18.03.2020)

Bombay High Court has observed that income from the sale of agricultural land will attract income tax as the Assessee was dealing in the sale of prope.....

Tags : Bombay High Court, Sale of Agricultural Land

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ITAT, Pune: No Income Tax Payable on Sale of Software Licence(09.02.2022)

Income Tax Appellate Tribunal (ITAT), Pune, has ruled that no Income Tax payable on Sale of Software Licence, support, maintenance as it is not Royalt.....

Tags : Income Tax Appellate Tribunal, Sale of Software Licence

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Kar. HC: Can’t Accept Photostat Copy of Unregistered Sale Agreement as Secondary Evidence(19.03.2024)

Karnataka High Court has held that for a trial being held under Section 138 of the Negotiable Instruments Act, a photocopy of an unregistered sale agr.....

Tags : Karnataka High Court, Section 138 of NI Act, Unregistered Sale Agreement, Secondary Evidence

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Supreme Court Rejects Plea Seeking Extension of Deadline for Sale of BS-IV Vehicles(17.02.2020)

Supreme Court has rejected a plea seeking an extension of the 1st April, 2020 deadline by one more month to sell Bharat Stage-IV (BS-IV) norms complia.....

Tags : Supreme Court, Deadline for Sale of BS-IV Vehicles

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CESTAT, New Delhi: Importer Not Obliged to Pay Any Amount on Advertisement and Sale Promotion(18.02.2020)

Custom, Excise, and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the expenditure incurred on the activities of advertisement and s.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Advertisement and Sale Promotion

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Tripura High Court Bans Sale of Meat Products in Public Places/Streets(28.02.2022)

Tripura High Court has directed the State Government to ban the sale of meat products in public places and/or streets and to consider providing locati.....

Tags : Tripura High Court, Sale of Meat Products

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Calcutta HC: Agreement of Sale Changes Nature of Relationship Between Landlord and Tenant(04.03.2022)

Calcutta High Court has observed that when an agreement of sale is entered into by a landlord and a tenant, the nature of the existing relationship ch.....

Tags : Calcutta High Court, Agreement of Sale

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ITAT, Mumbai: Sale of Transferable Development Rights Does Not Attract Capital Gains Tax(07.03.2022)

Income Tax Appellate Tribunal, Mumbai has ruled that sale of transferable development rights does not attract capital gains tax since the cost of acqu.....

Tags : Income Tax Appellate Tribunal, Sale of Transferable Development Rights

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Calcutta HC: Notice of Sale by Pawnee Must Contain Positive Assertion Indicating Intention(21.02.2022)

Calcutta High Court has observed that a notice of sale by a pawnee under Section 176 of the Indian Contract Act, 1872 must contain a positive assertio.....

Tags : Calcutta High Court, Notice of Sale by Pawnee

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Allahabad HC: Recovery Officer to Cancel Auction Sale Where Dues Paid Before Auction Sale(24.02.2022)

Allahabad High Court has observed that in case Bank/financial institution is satisfied that its dues are paid before the auction sale is confirmed, th.....

Tags : Allahabad High Court, Auction Sale

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Telangana HC Directs Sub Registrars in State to Register Documents of Sale for Registration(25.02.2022)

Telangana High Court has directed the Sub Registrars in the State to register the documents of sale, transfer, and gift etc. presented for registratio.....

Tags : Telangana High Court, Documents of Sale for Registration

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SC: Sale/Gift of Vehicle Shall Not be Invalidated on Mere Failure of Transfer Vehicle Registration(11.04.2024)

Supreme Court has observed that the sale/gift transaction will not get invalidated merely on the ground that there has been a failure to get a transfe.....

Tags : Supreme Court, Vehicle Registration, Gift Transaction, Sale Transaction

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