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GUJARAT REVENUE TRIBUNAL
'Shocking order' passed by court shakes people's faith in judiciary: SCThe Supreme Court has strongly criticized a Gujarat High Court order. The High Court had directed the in-charge chairman of the Gujarat Rev...- Sold two farm lands for Rs 8.75 crore capital gains but paid no tax or filed ITR; ITAT Ahmedabad rules in favour of taxpayerA man from Bharuch, Gujarat had sold two agricultural lands for Rs 8.75 crore capital gains to a company who subsequently used the lands fo...
- Taxpayers denied new tax regime benefits for not filing Form 10IC; get relief from ITAT Mumbai for this reasonTaxpayers can now claim new tax regime benefits even if Form 10IC is filed late. The ITAT Mumbai ruled that technical errors or oversight s...
- Supreme Court upholds Gujarat HC relief to Vodafone Idea, strikes down Rs 7.64 cr stamp duty penaltyThe Supreme Court supported the Gujarat High Court's decision. It cancelled a Rs 7.64 crore penalty on Vodafone Idea Telecom. The penalty w...
- GST 2.0: Is this the right time? And what kind of reforms do we need?As the GST collection turns robust — an outcome of widening tax base and plugging of leakages — this is the right time to usher in the next...
- Sintex Plastics Tech admitted for insolvency on ARC plea"We hereby inform that a petition filed... against the company by Asset Reconstruction Company has been admitted against the company for wh...
- US-based Perfect Day emerges successful bidder for the acquisition of Sterling BiotechThe California-headquartered Perfect Day Inc was the highest bidder at Rs 638 crore against the reserved price of Rs 548.46 crore. While Gu...
- AGR dues: TDSAT says public, private sector cos cannot be treated differentlyTDSAT's latest ruling is on a review petition filed by Netmagic Solutions and Data Ingenious Global. The review petition was against the ap...
- Sterling Biotech's liquidator invites fresh bids to attract more buyersFresh bids have been called to attract more buyers with a new clause that the successful bidder will now have to pay only 20% of the final ...
- Liquidator seeks bids for sterling Biotech as a going concern“The company is the world’s sixth-largest manufacturer of Gelatin and has already seen interest from about a dozen companies,” a person con...
- NCLAT dismisses abuse of dominance charge against BMW IndiaCompetition Commission of India (CCI) has said that as BMW has a negligible share in the passenger car segment in India, hence the question...
- Airtel’s acquisition of Telenor India: DoT moves Supreme Court against TDSAT orderAirtel had already filed a caveat in the apex court, anticipating the department’s move, to ensure that it is allowed to become a party to ...
- Delhi HC stays 14% service tax on senior advocatesA senior advocate is an officer of the court assisting it in dispensation of justice and the service cannot be treated for taxation purpose...
- Adani Ports' Mundra special economic zone gets environment clearanceEarlier in the week, the SC had asked the environment ministry to take a decision on the environmental clearance for the APSEZ in the next ...
- No change in power tariffs for most of GujaratIt, however, allowed Torrent Power a partial increase of 44 paisa per unit for all categories, except farmers and those below the poverty l...
- No revision in power tariffs for most of GujaratState-owned discoms under the apex body Gujarat Urja Vikas Nigam Ltd had not sought any major change in tariff structure because it’s an el...
- ONGC to appeal in Supreme Court against Gujarat HC orderThe Gujarat High Court had on November 30 directed ONGC to pay royalty to the state government on the gross bill price of crude oil.
- Internet services may become dearerAn amendment with regards to the 7% hike in licence fee imposed by DoT by way of Adjusted Gross Revenue is being opposed by the Internet Se...
- SC okays tax deductions on charges paid to foreign fund agencyPayments made by companies in the form of "charges", "commitment charges", "insurance charges" and "finance charges", even if made to a for...
- Professionals can’t claim Sec 32 tax benefit, says SCThe Supreme Court said on Tuesday professionals cannot claim depreciation under Section 32 of the Income Tax Act.
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