News

Voltas Limited secured a favourable judgment from the Qatar Court of Appeal in a commercial dispute against OHL International and Contrack (Cyprus) Limited concerning a subcontracting project. The Court ordered payment of outstanding dues and compensation to Voltas while dismissing all counterclaims against the company.

Voltas Wins Major Legal Battle in Qatar: Company to receive compensation of Rs. 963.26 Cr

Judgement

Registrar of Companies (ROC) penalised a company for non-compliance with private placement provisions under the Companies Act, highlighting strict regulatory scrutiny over fundraising and securities issuance practices.

ROC Penalty on Company for Violation of Private Placement Rules

GSTAT holds anti-profiteering provisions inapplicable where entire contract execution occurred after GST implementation.

GSTAT Rules Section 171 Inapplicable to Fully Post-GST Works Contract

The Tribunal upheld the reopening but remanded the matter to the Assessing Officer for fresh verification of purchase genuineness and supporting evidence.

Mere production of invoices, ledger extracts, and banking transactions not sufficient to stablish Valid Purchase: ITAT

ITAT rules Section 14A disallowance unsustainable where no exempt income arose during relevant assessment year.

Dividend Income Taxability Defeats Section 14A Disallowance, Holds ITAT

Notifications

The government has authorised the Director and Joint Director officers of the Career Centre (Central) to sanction prosecution and compound offences under the Code on Social Security, 2020.

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Voltas Wins Major Legal Battle in Qatar: Company to receive compensation of Rs. 963.26 Cr

ROC Penalty on Company for Violation of Private Placement Rules

GSTAT Rules Section 171 Inapplicable to Fully Post-GST Works Contract

Mere production of invoices, ledger extracts, and banking transactions not sufficient to stablish Valid Purchase: ITAT

Dividend Income Taxability Defeats Section 14A Disallowance, Holds ITAT

Govt Authorises Career Centre Officers to Prosecute and Compound Offences Under Social Security Code