States that it was a pure business expense, hence, deductions were allowable under Section 37 of the Income Tax Act.
The appellant had appealed seeking directions to the respondent to lift the order relating to his State Bank of India account
An appeal was filed under Section 10F of the Companies Act, 1956, challenging an order passed by the Company Law Board
Rules that on receiving the entire outstanding loan amount from the borrowers, the bank had no claim over the auction money
States that the intent of the Parliament in introducing the Goods and Services Tax Act was to avoid a multiplicity of levies
The petitioners had complained of facing huge losses to their businesses after their accounts were suspended
The bench cites the decision of the Supreme Court in a previous case
The assessing authority had passed the order under Section 42(3) of the Value Added Tax Act
Upholds the order of the Delhi High Court
The Kerala High Court judge had retired on May 29
Asserts that the Taj Trapezium (Prevention and Control) Authority was constituted to exercise the powers conferred under
Cites the decision of the Supreme Court and other courts in similar matters
