All Tribunals Case Commentaries

Clarifying Jurisdiction under Section 153A: Sh. Deepak Kumar Jain vs. ACIT, Ludhiana

Date: Jan 23, 2020

Clarifying Jurisdiction under Section 153A: Sh. Deepak Kumar Jain vs. ACIT, Ludhiana Introduction The case of Sh. Deepak Kumar Jain, Malerkotla v. ACIT, Ludhiana adjudicated by the Income Tax...

Presumption of Ownership and Natural Justice: Insights from Alluri v. Income Tax Officer

Date: Jan 23, 2020

Presumption of Ownership and Natural Justice: Insights from Alluri v. Income Tax Officer Introduction The case of Venkata Satya Surya Sree Ranganadha Raju Alluri versus the Income Tax Officer,...

NCLAT Upholds Malicious Intent Disqualification in IBC Section 7 Applications: Navin Raheja v. Shilpa Jain

Date: Jan 23, 2020

NCLAT Upholds Malicious Intent Disqualification in IBC Section 7 Applications: Navin Raheja v. Shilpa Jain Introduction The case of Navin Raheja v. Shilpa Jain And Others adjudicated by the National...

SEBI's Interim Order Against The Equicom Financial Research Pvt. Ltd.: Establishing Robust Regulatory Precedents in Investment Advisory Practices

Date: Jan 22, 2020

SEBI's Interim Order Against The Equicom Financial Research Pvt. Ltd.: Establishing Robust Regulatory Precedents in Investment Advisory Practices Introduction The Securities and Exchange Board of...

Section 263 Orders Against Merged Entities Declared Void Ab Initio

Date: Jan 22, 2020

Section 263 Orders Against Merged Entities Declared Void Ab Initio Introduction The case of Snowhill Agencies Pvt. Ltd (Merged with Gallops Motors P. Ltd), Ahmedabad v. The Pr. CIT-2, Ahmedabad...

Enhanced Consumer Protection in Real Estate: NCDRC's Landmark Ruling in Deepak Agarwal v. Three C Shelters Pvt. Ltd.

Date: Jan 22, 2020

Enhanced Consumer Protection in Real Estate: NCDRC's Landmark Ruling in Deepak Agarwal v. Three C Shelters Pvt. Ltd. Introduction The case of Deepak Agarwal & Another Complainant(s) v. Three C...

Enhanced Compliance Standards for Rental Properties under PMLA: Insights from Smt. Poonguzhali v. The Deputy Director

Date: Jan 22, 2020

Enhanced Compliance Standards for Rental Properties under PMLA: Insights from Smt. Poonguzhali v. The Deputy Director Introduction The case of Smt. Poonguzhali v. The Deputy Director Directorate of...

Clarification on User Charges and Property Status under PMLA Enforcement

Date: Jan 22, 2020

Clarification on User Charges and Property Status under PMLA Enforcement Introduction The case of Shri P.K.M. Selvam v. The Deputy Director, Directorate of Enforcement, Chennai adjudicated by the...

Enhanced Consumer Protection: Builder's Obligations for Amenities and Accurate Property Representation

Date: Jan 22, 2020

Enhanced Consumer Protection: Builder's Obligations for Amenities and Accurate Property Representation Introduction The case of Pavankumar Atmaram Lihla And Another Petitioner(S) v. Milestone...

Permissibility of Additional Evidence in Consumer Appeal Cases: Insights from Universal Sompo v. Didwaniya Exim

Date: Jan 22, 2020

Permissibility of Additional Evidence in Consumer Appeal Cases: Insights from Universal Sompo v. Didwaniya Exim Introduction The case of Branch Manager, Universal Sompo General Insurance Company...

PMLA Does Not Supersede Bona Fide Secured Interests: Insights from Indian Overseas Bank v. Directorate of Enforcement

Date: Jan 21, 2020

PMLA Does Not Supersede Bona Fide Secured Interests: Insights from Indian Overseas Bank And Others v. Joint Director, Directorate Of Enforcement, New Delhi And Others Introduction The case of Indian...

NCLAT Declares Unauthorized Share Capital Increase Oppressive: Bridge E-Solutions Pvt. Ltd. v Bridge Solutions Group Inc.

Date: Jan 21, 2020

NCLAT Declares Unauthorized Share Capital Increase Oppressive: Bridge E-Solutions Pvt. Ltd. v Bridge Solutions Group Inc. Introduction The case of Bridge E-Solutions Pvt. Ltd. And Others v. Bridge...

Educational Institutions and Consumer Protection Act: Insights from Manu Solanki v. Vinayaka Mission University

Date: Jan 21, 2020

Educational Institutions and Consumer Protection Act: Insights from Manu Solanki v. Vinayaka Mission University Introduction The case of Manu Solanki and Others vs. Vinayaka Mission University...

ITA Kolkata Reinforces Compliance with Natural Justice and AS-7 Accounting Standards in SMPL Infra Ltd. v. DCIT

Date: Jan 18, 2020

ITA Kolkata Reinforces Compliance with Natural Justice and AS-7 Accounting Standards in SMPL Infra Ltd. v. DCIT Introduction The case of M/s. SMPL Infra Limited, Kolkata v. DCIT, Circle - 8(2),...

Determining Arms Length Interest Rates for Foreign Currency Loans: Insights from Russell Credit Limited v. DCIT

Date: Jan 18, 2020

Determining Arms Length Interest Rates for Foreign Currency Loans: Insights from Russell Credit Limited v. DCIT Introduction The case of Russell Credit Limited, Kolkata v. DCIT, Circle-8, Kolkata,...

Landlords Not Recognized as Operational Creditors Under IBC: NCLAT Reverses Section 9 Petition in M. Ravindranath Reddy v. G. Kishan And Others

Date: Jan 18, 2020

Landlords Not Recognized as Operational Creditors Under IBC: NCLAT Reverses Section 9 Petition in M. Ravindranath Reddy v. G. Kishan And Others Introduction The judgment in M. Ravindranath Reddy v....

Disallowance of Interest Income under Section 80IA: IL & FS Windfarms Lat vs. ACIT, Mumbai

Date: Jan 18, 2020

Disallowance of Interest Income under Section 80IA: IL & FS Windfarms Lat vs. ACIT, Mumbai Introduction The case of IL & FS Windfarms Lat (Previously known as IL & FS Energy Dev. Co. Ltd.), Mumbai v....

Defining 'Consumer' in Self-Employed Commercial Transactions: Virender Singh vs. Darshana Trading Co.

Date: Jan 17, 2020

Defining 'Consumer' in Self-Employed Commercial Transactions: Virender Singh vs. Darshana Trading Co. Introduction The case of Virender Singh (S) v. Darshana Trading Company And Another (S)...

Mehsons Steels Pvt Ltd v. Shree Oshiya Ferro Alloys Pvt Ltd: Establishing Clear Protocols in Corporate Insolvency Resolution Process Under IBC

Date: Jan 17, 2020

Mehsons Steels Pvt Ltd v. Shree Oshiya Ferro Alloys Pvt Ltd: Establishing Clear Protocols in Corporate Insolvency Resolution Process Under IBC Introduction The case of Mehsons Steels Pvt Ltd v. Shree...

Exoneration of NSEIL Directors in SEBI's Ravi Narain Case: A Comprehensive Analysis

Date: Jan 17, 2020

Exoneration of NSEIL Directors in SEBI's Ravi Narain Case: A Comprehensive Analysis Introduction The Securities and Exchange Board of India (SEBI) initiated proceedings against several directors and...