Indian Tribunals and High Courts: Legal and Tax Case Updates
Recent legal and tax case updates from Indian tribunals and high courts cover auditor liability, invalid income tax assessments, mutual benefit organization registration, and international taxation of trademark sales.
Background
India's legal system, comprising various tribunals and high courts, handles a vast array of civil, criminal, and administrative cases. These courts play a crucial role in interpreting laws, resolving disputes, and upholding the rule of law across the country. Key actors include judges, lawyers, and government bodies.
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Legal and Tax Case Updates from Indian Tribunals and High Courts
First report 5h agoLast update 5h agoA civil suit for auditor's liability in prospectus fraud is barred because the remedy under the Insolvency and Bankruptcy Code (IBC) is exclusive.
An income tax assessment was deemed invalid because a notice under Section 143(2) was not issued after the return to the pre-1.4.2023 Section 148 notice.
The rejection of a Section 12AB registration citing mutual benefit was unjustified and the matter was remanded for fresh verification.
Gains from the outright sale of trademarks by a Swiss company are taxable only in Switzerland under Article 13(6) of the DTAA.
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