Mutuality does not exempt interest income of club even if banks are corporate members of the club.
Secunderabad Club etc. v. CIT – [2023] 153 taxmann.com 441 (SC).
When HC set aside order of Income Tax Settlement Commission on a writ filed by Revenue, HC should have remanded the matter back to Settlement Commission (now Interim Board).
Shree Nilkanth Developers v. PCIT – [2023] 153 taxmann.com 415 (SC).
Govt. introduced three Bills in Lok Sabha on 11-8-2023 to replace IPC, CrPC and Indian Evidence Act.
No vicarious liability of directors for cheque bounce u/s 138 of Negotiable Instruments Act, merely because they were managing the affairs of the company.
Ashok Shewakramani v. State of Andhra Pradesh – [2023] 153 taxmann.com 277 (SC).
RBI unveils bold reforms: From Conversational Payments to Frictionless Credit.
Press Release No. 2023-2024/724 & 725, dated 10-8-2023.
Govt. enacts the Digital Personal Data Protection Act, 2023.
Act of Parliament No. 22 of 2023, dated 11-8-2023.
Customs – Government approves Mutual Recognition Arrangement (MRA) of Authorised Economic Operators between India and Australia.
Service of GST Order on GST Portal cannot be challenged being legal mode of service.
Koduvayur Constructions v. Asstt. Commissioner – [2023] 153 taxmann.com 333 (Kerala).
Where any owner of electric vehicle is only using infrastructure/facility of charging stations of applicant – assessee and supply of electric energy to charge vehicles does not amount to supply of electricity, therefore, this activity of providing electrical energy through charging station amounts to supply of service and not supply of goods.
Chamundeswari Electricity Supply Corporation Ltd.., In re – [2023] 153 taxmann.com 327 (AAR – KARNATAKA).
Voluntary deposit made under protest during adjudication to be treated as part of pre-deposit for filing appeal.
Vinod Metal v. State of Maharashtra – [2023] 153 taxmann.com 322 (Bombay).