Clipped from: https://taxguru.in/income-tax/sc-liability-banker-allowing-operation-locker-restrained-income-tax-department.html HDFC Bank Ltd. Vs State of Bihar & Ors. (Supreme Court of India) Whether a banker can be held liable for erroneously allowing locker
Category: Legal
👌ITAT Upholds Deletion of Additions u/s 68 Due to Sufficient Cash Balance
Clipped from: https://www.taxscan.in/itat-upholds-citas-deletion-of-additions-u-s-68-citing-sufficient-cash-balance-and-lack-of-evidence-for-accommodation-entries-read-order/453097/ The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]’s decision to delete additions made under Section
👌👌👌👌👌👌👌Aadhar Not conclusive proof of individual’s date of birth: SC
Clipped from: https://taxguru.in/corporate-law/aadhar-conclusive-proof-individuals-date-birth-sc.html Saroj & Ors. Vs IFFCO-TOKIO General Insurance Co. & Ors. (Supreme Court of India) In a significant ruling, the Supreme Court of India
India may see 1 trillion cyberattacks annually by 2033, experts warn | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/india-may-see-1-trillion-cyberattacks-annually-by-2033-experts-warn-124103000899_1.html In recent years, high-profile cyberattacks have hit institutions such as AIIMS and major airlines Image: Bloomberg Listen to This Article India is projected
Delhi court orders fresh probe against Gautam Gambhir in flat cheating case | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/delhi-court-orders-fresh-probe-against-gautam-gambhir-in-flat-cheating-case-124103001234_1.html Special Judge Vishal Gogne set aside a magisterial court order, saying it reflected “inadequate expression of mind” in deciding the allegations against Gambhir
👌👌👌👌👌👌👌Definition of Workman under Industrial Disputes Act, 1947
Clipped from: https://taxguru.in/corporate-law/workman-industrial-disputes-act-1947-analysis-workman-definition.html Introduction: The Industrial dispute Act, 1947 (in short “ID Act”) was enacted by the parliament, on 11 March 1947 and came into force with
👌Navigating cyber threats – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/navigating-cyber-threats/article68811518.ece Need to integrate tech, people and processes Rapid technological advancements, coupled with a complex and evolving threat landscape, are fundamentally reshaping how organisations
👌👌👌👌👌Consumer protection: Changes in insurance policy terms must be conveyed | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/consumer-protection-changes-in-insurance-policy-terms-must-be-conveyed-124102700626_1.html The National Commission noted that critical illness risk should have been included by the insurer to avoid prejudice caused by the discontinuation of
👌👌👌👌👌👌👌CBDT Circulars Cannot Override Income Tax Act: Punjab & Haryana HC
Clipped from: https://taxguru.in/income-tax/cbdt-circulars-override-income-tax-act-punjab-haryana-hc.html Ishwar Chand Vs Union of India (Punjab and Haryana HC) In the case of Ishwar Chand vs Union of India, the Punjab and Haryana
👌👌👌👌👌ITAT quashes Assessment Reopening Over Notice Procedural Flaws
Clipped from: https://www.taxscan.in/itat-quashes-reopening-of-assessment-due-to-procedural-flaws-in-issuance-of-notice-read-order/450482/ The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reopening of the assessment for the assessment year ( AY ) 2017-18
👌👌👌👌👌👌👌Income Tax Appeal Portal Update: ITAT Website Migrates to New Server
Clipped from: https://www.taxscan.in/income-tax-appeal-portal-update-itat-website-migrates-to-new-server/450620/ The migration process began this week and is expected to take approximately 3-4 days to complete. By Manu Sharma – On October 25, 2024 11:54 am –
👌Kerala HC directs Separate GST Proceedings for Each Financial Year Despite Consolidated SCN
Clipped from: https://taxguru.in/goods-and-service-tax/kerala-hc-directs-separate-gst-proceedings-financial-year-consolidated-scn.html Haries Muhammed Vs Assistant Commissioner (IB) (Kerala High Court) High Court of Kerala Directs Separate Proceedings for Each Financial Year in GST Case: Authorities
👌Stamp duty value on date of agreement to be considered when date of agreement and registration is different
Clipped from: https://taxguru.in/income-tax/stamp-duty-date-agreement-considered-date-agreement-registration.html Partha Pratim Chakrabarty Vs ITO (ITAT Kolkata) ITAT Kolkata held that when date of agreement and date of registration are not same, then,
👌👌👌👌👌👌👌SC Issues Directions To Create Awareness About Free Legal Aid
Clipped from: https://taxguru.in/corporate-law/sc-issues-directions-create-awareness-free-legal-aid.html It is most vital to note that in a significant step with far reaching consequences, the Supreme Court in a most learned, laudable,
👌👌👌Aadhaar card not a valid document for determining someone’s age: SC | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/aadhaar-card-not-a-valid-document-for-determining-someone-s-age-sc-124102401265_1.html A bench comprising Justices Sanjay Karol and Ujjal Bhuyan, therefore, said the age of the deceased had to be determined from the date
👌👌👌It’s time cybersecurity issues find mention in annual reports: GMR Group CISO – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/its-time-cybersecurity-issues-find-mention-in-annual-reports-gmr-group-ciso/article68783105.ece A key issue in tackling cybersecurity hurdles is the ‘security poverty line’: KPMG Global Cybersecurity Head Calling cybersecurity a business risk and not
Passing of ex-parte order without deciding case on merits untenable: ITAT Visakhapatnam
Clipped from: https://taxguru.in/income-tax/passing-ex-parte-order-deciding-case-merits-untenable-itat-visakhapatnam.html 14Anuradha Reddy Vs ITO (ITAT Visakhapatnam) ITAT Visakhapatnam held that dismissal of appeal and passing of ex-parte order by CIT(A) in absence of
👌👌👌Statement made during investigation before Central Excise Officer not reliable unless examined as witness: CESTAT sets aside Penalty Imposed
Clipped from: https://www.taxscan.in/statement-made-during-investigation-before-central-excise-officer-not-reliable-unless-examined-as-witness-cestat-sets-aside-penalty-imposed/448073/ The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has held that statement made during investigation before a central excise
Kerala HC Holds Rectification Order is Invalid If It Fails to Provide Reasons in exercise of Rectification Power
Clipped from: https://www.taxscan.in/rectification-order-is-invalid-if-it-fails-to-provide-reasons-in-exercise-of-rectification-power-kerala-hc-read-order/448932/ It was observed that the personal hearing notice does not indicate that any reason justifying the exercise of power of rectification was pointed
Cyber insurance is crucial for modern business but coverage has limits | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/cyber-insurance-is-crucial-for-modern-business-but-coverage-has-limits-124102000672_1.html It provides financial protection and access to critical resources, such as expert legal counsel and incident response teams In today’s digital age, where
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