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Subsidiary Assets Can’t Be Treated as Corporate Debtor’s Assets Under IBC: Supreme Court 

The Supreme Court has held that assets belonging to subsidiary companies cannot be treated...

Reliance Trust, ISKCON, Hinduja Hospital & Breach Candy Move ITAT Against S. 12AB Cancellation Over ‘Commercial Activity’ Allegations

A major charitable trust operating a leading hospital in Mumbai, along with organisations such...
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Stressed Assets Stabilization Fund Liable To Pay VAT On Sale Of Movable Assets: Bombay High Court

The Bombay High Court has held that Stressed Assets Stabilization Fund (SASF) liable to...

GIDC Lease Land Sale Not Subject To GST : Gujarat High Court [Read Full Order]

The Gujarat High Court has held that Gujarat Industrial Development Corporation (GIDC) lease land...

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Subsidiary Assets Can’t Be Treated as Corporate Debtor’s Assets Under IBC: Supreme Court 

The Supreme Court has held that assets belonging to subsidiary companies cannot be treated...

Reliance Trust, ISKCON, Hinduja Hospital & Breach Candy Move ITAT Against S. 12AB Cancellation Over ‘Commercial Activity’ Allegations

A major charitable trust operating a leading hospital in Mumbai, along with organisations such...

ITAT Deletes Global Income Addition After Holding No Basis for POEM in India Despite CIT(A)’s Own Findings

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside the addition of...

Income Tax Prosecution Quashed: Madras HC Holds Complaint Without Jurisdiction & Prior Assessment Is Abuse of Process

The Madras High Court has quashed criminal proceedings initiated against an assessee for alleged...