To decode the tax fine-print, a seminar on Union Budget, 2020 was organized by Vaish Associates Advocates in conjunction with Taxsutra on Tuesday, February 4, 2020 at Hotel ‘Le Meridien’, New Delhi. Senior Advocate and Tax Stalwart, Mr. Ajay Vohra leads the discussions along with Partners of Vaish Associates Advocates. The session was moderated by […]
The National Company Law Tribunal, Mumbai Bench (“NCLT”) in the case of Pravin Blaggan, in the matter of Goa Auto Accessories v. Suresh Saluja (decided on December 12, 2019) held that a resolution professional (“RP”) could take possession of a corporate debtor’s assets which were subject matter of litigation, to facilitate the Corporate Insolvency Resolution […]
The Supreme Court of India (“SC”) has vide its judgment dated December18, 2019 (“Judgment”), highlighted the difference between inadequacy of reasons in an arbitral award and unintelligible arbitral awards passed under the Arbitration and Conciliation Act, 1996 (“Act”). FACTS DCM Shriram Aqua Foods Limited (“DCM”) had entered into a contract (“Contract”) with M/s. Crompton Greaves […]
On December 10, 2019, the constitutional bench of the Supreme Court (“SC”) in the case of Rajendra Diwan v. Pradeep Kumar Ranibala and Another, has held that section 13(2) of the Chhattisgarh Rent Control Act, 2011 (“Act”) is unconstitutional. The provision stipulates that an appeal directly to the SC against the order of RentControl Tribunal, […]
In the case of Embassy Property Developments (Private) Limited v. State of Karnataka and Others (decided on December 3, 2019), the Supreme Court of India (“SC”) outlined the scope of intervention by High Courts in cases of orders passed by the National Company Law Tribunal (“NCLT”). A set of three appeals had been filed before […]
Corporate taxpayers are required to file their return of income on or before the due date prescribed under section 139(1) (30th September/30th November of the subsequent year). Further, after filing of the said return, if the taxpayer discovers any omission or any wrong statement therein, then a revised return can be filed only within the […]
