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In the present case, notice under Section 148 of Income Tax Act, 1861 is not served on legal heir of the assessee. The said notice is served on the assessee, even after the knowledge that the assessee is deceased.
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“SKY Lark Education Welfare Society is imparting education to students of Swami Vivekanand Subharti University, enrolled under the distant learning programme, as per its curriculum and it is duly recognized under the laws of the Uttar Pradesh Government/UGC.”
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The Informant alleged that there is sharp decline in sales of his business, as a juice corner operator-Opposite Party sold cooked food from unhygienic and unknown sources at below manufacturing cost, leading to unfair competition in respect to vendors who are complying with the regulations.
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“For maintaining an application for default of another Financial Creditor, the essential ingredients to be fulfilled by the Applicant is that the Applicant has to be a Financial Creditor on its own facts.”
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The NHRC sought a detailed report from SP and DM, Roorkee, on the matter within two weeks.
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About 18 students were subjected to corporal punishment by their teacher after locking them inside a room of a government school.
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Following the development, the Supreme Court has reportedly ordered an investigation into the claim raised by the NCLAT Judicial Member.
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The Zimbabwean student succumbed to his injuries after being assaulted by group of people in Bathinda, Punjab.
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SEBI held that the material available on record was not sufficient to ascertain whether the Noticees disseminated misleading information in the scrip of Hemo Organic Ltd. to public through video on YouTube channels viz. “Money Wise” and “The Advisor”.
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“Rapido had engaged in a practice calculated to mislead consumers by both commission and omission overstating its actual service capability while concealing qualifying conditions for the purpose of promoting its business”.
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Naman Broadcasting amongst others was alleged to contravene the provisions of Securities and Exchange Board of India Act, 1992 by using digital platforms to mislead the investors. It was alleged that the price and volume of the scrip was manipulated through a coordinated scheme involving dissemination of misleading information and structured trades among connected entities.
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“If the transaction value (FOB value) is so high, that the drawback due on the goods exceeds the market value of the goods, then, as per section 76(1)(b) of the Customs Act, 1962, no drawback shall be allowed.”
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The appellant relying on Tottempudi Salalith v. State Bank of India, (2024) 1 SCC 24, contended that the limitation for filing Section 95 IBC application in the present case must be treated as 12 years and hence the application filed was not barred by time.
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The NHRC has issued notices to the District Magistrate and the Superintendent of Police seeking a detailed report within 2 weeks.
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The Adjudication Authority stated that the appellant’s activity of receiving income from transferring temporarily or permitting the use of the right vested in the film produced by them to their clients fell under the definition of copyright service under Section 65(105)(zzzt) of the Finance Act, 1994.
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“Any regulations issued by an Electricity Commission in exercise of its delegated legislative power, are applicable to the PPA executed after the date when those regulations come into force and cannot be applied to the PPAs already executed prior to that date, unless the regulations expressly specify so.”
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“If the Unpublished Price Sensitive Information had not been disclosed on the day the prices moved up phenomenally, the Noticee would have undoubtedly lost the premium it paid for the purchase of call options in the scrips of HDFC Ltd. and HDFC Bank Ltd.”
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“The customs officer can reject the transaction value as the assessable value and re-determine it as per the Valuation Rules for the purpose of imposing duty, but this would not change the transaction value for the purpose of receiving foreign remittance.”
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“The Commission directs its staff to initiate the consultative process with Grid-India and power exchanges on various operational and procedural aspects for implementing the coupling of day-ahead market.”
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The NHRC has issued notices to the Rajasthan Chief Secretary and Jhalawar Superintendent of Police, seeking a detailed report within two weeks.
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