Homebuyer wins Rs 2.26 crore compensation after a 10-year delay in possession of flat; Know which legal rules helped him, ET LegalWorld
Can you imagine even after paying Rs 1.07 crore for a flat in an apartment you have to wait 10 years for a builder to finish its construction. Initially the homebuyer booked a flat in 2013 worth Rs 1.16 crore by paying about Rs 12 lakh as booking amount. Subsequently in 2014 a sale agreement […]
DOMS Industries wins GST dispute, ₹19.16 cr demand dropped, ET LegalWorld
DOMS Industries Limited has received an Order for dropping the proceedings under section 73/74 of CGST Act, 2017, wherein the demand as per the said notice has been dropped and concluded, According to DOMS Industries’s exchange filing. The Company’s subsidiary had earlier received the notice for mismatch of Ineligible ITC claimed in GSTR – 3B […]
ICICI Lombard wins tax appeals, Secures ₹174 cr relief, Legal News, ET LegalWorld
Highlights ICICI Lombard General Insurance Company Limited has received a favorable order from the Commissioner of Income Tax (Appeals) – 54, Mumbai, providing relief on several appeals for Assessment Years 2012-13, 2015-16, 2016-17, and 2017-18. The total tax in dispute on which relief is granted in the combined order amounts to ₹ 174,61,51,061. ICICI Lombard […]
Suzlon Energy wins income tax appeal, avoids ₹172.76 cr penalty, ET LegalWorld
The Income Tax Appellate Tribunal (ITAT) has decided the appeal in favour of the Suzlon Energy Limited in the matter of penalty of ₹ 172.76 Crores, according to the Suzlon’s exchange filing. The penalty was imposed for disallowance u/s.14A of ₹ 16.29 Crores, disallowance of depreciation on Goodwill u/s.32(1) of ₹ 231.83 Crores, addition on […]
Ex-employee wins ₹39 lakh in labour Court ruling against Schneider Electric, ET LegalWorld
Highlights A Labour Court awarded an amount of ₹ 39,12,965.41 to an ex-employee of Schneider Electric Infrastructure Limited, which is ten times the penalty on the deducted amount under Section 15 of the Payment of Wages Act, 1936. The application related to the wage claims was filed on June 24, 2024, with an order reserved […]
Larsen & Toubro wins ₹702 cr customs duty exemption appeal, Legal News, ET LegalWorld
Highlights Larsen & Toubro has successfully received an order from the Appellate Tribunal, overturning a customs duty exemption demand amounting to ₹ 702 crore. The favorable ruling, communicated to the stock exchange on December 6, 2024, follows an appeal made by Larsen & Toubro against the Principal Commissioner of Customs, Ahmedabad. Larsen & Toubro has […]
Birla Corporation wins appeal against ₹3.73 cr demand order, ET LegalWorld
Customs Excise & Service Tax Appellate Tribunal has allowed the Appeal filed by the Birla Corporation and has set aside the entire Demand including interest and penalty. Birla Corporation filed an Appeal before CESTAT against the Order passed by the Commissioner of Central Excise & Service Tax, Bolpur. The company received a Demand Order pertaining […]
Voltas wins excise duty case worth ₹ 19.72 cr, Legal News, ET LegalWorld
Voltas has received an order pending before the Custom, Excise & Service Tax Appellate Tribunal, Mumbai (CESTAT) in their favor on December 5, 2024. The excise duty matter was related to ₹ 19.72 crores related to Show Cause Notices for various litigation financial years between 1981-82 and 2014-15 relating to the classification, excise duty payment, […]
AstraZeneca Pharma wins key ITAT order on corporate tax and transfer pricing, ET LegalWorld
AstraZeneca Pharma India has received an order from the Income Tax Appellate Tribunal issued under section 254 of the Income Tax Act, 1961 for the assessment years 2017-18 and 2018-19. The order has been passed pursuant to the appeal filed by the Company against the final assessment order passed by the Tax Officer for the […]
TBO Tek wins appeal against tax demand of ₹302 Million, Legal News, ET LegalWorld
Customs, Excise, and Service Tax Appellate Tribunal has allowed the TBO Tek’s appeal against the demand order passed by the Additional Director General, Directorate General of Goods and Services Tax Intelligence. The demand was towards non-payment of the amount allegedly collected as representing Service Tax from the Sub-Agents for a demand amount of ₹ 302.02 […]