“Litigation Proceeds” was defined to mean all moneys paid or payable to the beneficiaries in respect of the proceedings, including settlement, court ordered judgement and any costs order. One deed was in slightly different terms, with Litigation Proceeds defined to mean amounts only to the exten...
Hon’ble High Court of Karnataka, in its judgement, in the case of M/s Commissioner of Central Excise, Bangalore vs. Millipore India (P) Ltd., also was of view that CSR Expenses are mandatorily incurred by employers towards benefit of the society and “to maintain their factory premises in...
rules and regulations into regional languages and put it on the state government’s website. In turn, all state governments were directed to support their respective High Courts for judgement translations.
Judge Duffy said the company is entitled to judgement in the sum of $6,281,767.IRDMr Henderson accused IRD of stupidity and hypocrisy."We have a tax department in this country that is out ofcontrol and without doubt abusing its power. So, we will continue the battle..."He added: "By...
Important aspects of the judgement Power to legislate simultaneously: Article 246A gives powers to the Union and State governments simultaneously to legislate on the GST. In other words, the two tiers of the Indian Union can simultaneously legislate on matters of the GST (except the IGST, which...
One of the major steps to curb false/fraudulent claims of input tax credit was initiated under Goods and Services Tax regime by introducing a procedure to reverse the amount of input tax credit availed within 180 days in case no or part payment is made to the supplier of goods or services...
GSTGst ActsIncome Tax If the taxpayer is able to prove that tax amount is paid to the seller and the ITC claim is bonafide, ITC cannot be denied merely on non-reflection in GSTR-2A: Kerala High Court 21 Sep 2023 0 If the taxpayer is able to prove that tax amount is paid to the...