Info Memos

Date Title Authors
August 03, 2020 Supreme Court holds that even if the family settlement was not registered it would operate as a complete estoppel Bharat Agarwal,Sanjuna Sudhakaran, Read More
July 20, 2020 NCDRC holds that paltry rental amount of flat cannot be made sole basis for granting compensation to the homebuyers. Bharat Agarwal,Sanjuna Sudhakaran, Read More
July 09, 2020 Punjab RERA Tribunal holds that RERA Authority is empowered to reduce the completion period declared by the Promoter during registration of its project Bharat Agarwal,Sanjuna Sudhakaran, Read More
July 04, 2020 MahaRERA Tribunal holds that forfeiture of booking amount is unfair due to one-sided, inequitable clauses contained in the forms, which the buyers are forced to sign by Promoters Bharat Agarwal,Sanjuna Sudhakaran, Read More
June 25, 2020 Sale of developed plot is a supply of service for CGST Act Read More
June 09, 2020 Under RERA, the Promoter of real estate project cannot withhold the refund if the buyer wants to cancel the booking because the possession is delayed by the Promoter Bharat Agarwal,Sanjuna Sudhakaran, Read More
June 02, 2020 Covid-19, cannot be an excuse for condoning the default in past performance of the Contract Bharat Agarwal,Sanjuna Sudhakaran, Read More
May 24, 2020 An “agreement for sale” is subject to stamp duty or not would depend upon facts and conditions mentioned in that agreement Bharat Agarwal, Read More
May 23, 2020 COVID-19 is not a force majeure event for suspension of rent in the case of leave and licence agreement Bharat Agarwal, Read More
May 15, 2020 Contract must be read as a whole to determine the actual intent of the parties instead of interpreting one clause in exclusion Bharat Agarwal,Sanjuna Sudhakaran, Read More
May 11, 2020 Section 40(a)(ii) does not include the word “cess” and hence, the claim cannot be disallowed Sneha Sarbhushan, Read More
May 07, 2020 The Defendant must prove that enforcement of specific performance will be an unfair advantage to Plaintiff Bharat Agarwal,Sanjuna Sudhakaran, Read More
May 03, 2020 A decree or Order of the Court does not require registration as per Section 17(2) of Registration Act, 1908 Saloni,Girish Mhatre, Read More
May 01, 2020 Compensation received by partner from other existing partners for reduction in Profit Sharing Ratio will not attract capital gain tax u/s. 45(1) Sneha Sarbhushan, Read More
April 28, 2020 Property acquired from joint family business cannot necessarily be HUF Property Bharat Agarwal,Girish Mhatre, Read More
April 26, 2020 “Doctrine of Mutuality” bestows a special status to qualify for exemption from tax liability Bharat Agarwal,Sneha Sarbhushan, Read More
April 23, 2020 Amidst the lockdown, Delhi High Court stays the invocation of Bank Guarantee Sanjuna Sudhakaran, Read More
April 16, 2020 Force majeure in COVID-19, Bombay High Court provides strict interpretation Sanjuna Sudhakaran, Read More
April 10, 2020 where the assessee has fully and truly disclosed primary facts before the Revenue, notice u/s. 148 of the Income Tax Act, 1961 for reopening of assessment cannot be issued beyond 4 years. Sneha Sarbhushan, Read More
April 09, 2020 Whether a Society is a Promoter under RERA? Sanjuna Sudhakaran, Read More
April 03, 2020 Whether Service provided by Society to its member is "supply" under GST Law ? Sneha Sarbhushan, Read More
December 15, 2019 Arbitration - No recovery till dispute pending Bharat Agarwal, Read More
October 22, 2019 In absence of intimation to AO regarding change of address, the notices issued by AO on address as per PAN database is valid Sneha Sarbhushan, Read More
September 10, 2019 Section 43CA applies to “land” or “building” or “both” and it cannot be made applicable to transfer of “rights” in flat / office (under construction) Sneha Sarbhushan, Read More
August 17, 2019 Party to Contract shall perform as per Contract before claiming Specific Relief Girish Mhatre Read More
August 17, 2019 Provisions of Sec. 292BB won’t cure defect of non-issuance of notice u/s 143(2) Lekha Bangera Read More
June 18, 2019 Summons issued after survey action u/s. 131 of the Income Tax Act, 1961 deserves to be quashed in violation of section 133A(6) of the Act Sneha Sarbhushan Read More
May 20, 2019 In absence of assessee, the Tribunal cannot dismiss an appeal without considering the merits of the case Sneha Sarbhushan Read More
May 10, 2019 Review Petition Permissible even after Dismissal of Special Leave Petition Girish Mhatre Read More
May 04, 2019 Calling out someone with fair comment and justification not defamation Sanjuna Sudhakaran, Read More
January 30, 2019 Transfer does not complete on mere registration of agreement for sale of property Sanjuna Sudhakaran Read More
January 11, 2019 Mere License to enter into property to carry out development cannot be treated as Transfer in JDA Sanjuna Sudhakaran, Read More
December 18, 2018 Section 56(2)(vii) of the Income Tax Act, 1961 does not apply to bonafide business transaction Sneha Sarbhushan Read More
November 29, 2018 Time Limit Prescribed In Insolvency and Bankruptcy Code- Not Mandatory Sanjuna Sudhakaran Read More
October 27, 2018 Existence of “benami” transaction has to be proven by the person who alleges the transaction Sneha Sarbhushan Read More
October 23, 2018 Penalty cannot be levied if claim was as per judicial precedents Sneha Sarbhushan Read More
October 05, 2018 Amendments in specific relief acts, commercial courts act and arbitration and conciliation act Bharat Agarwal, Read More
September 12, 2018 Challenge Permissible under section 34 of Arbitration Award Girish Mhatre Read More
September 03, 2018 It is open to authorities to grant stay against recovery of demand on deposit of a lesser than 20% of disputed demand, pending appeal Sneha Sarbhushan Read More
September 01, 2018 Cost of acquisition of plot allotted under 12.5% scheme shall be the fair market value as on date of allotment of the plot Sneha Sarbhushan Read More
August 24, 2018 Complaint can be filed against Builder by Land Owner as Consumer Girish Mhatre Read More
August 22, 2018 Karta can sell Ancestral Property on Account of legal Necessity Sanjuna Sudhakaran, Read More
August 11, 2018 Date of acquisition of a property not affected by perfection of title of immovable property and cost incurred for removal of encumbrances allowed as cost of acquisition Sneha Sarbhushan Read More
August 10, 2018 An order passed by a court having no jurisdiction is nullity Sanjuna Sudhakaran Read More
August 06, 2018 Applicability of section 68 on the introduction of share capital Sneha Sarbhushan Read More
August 02, 2018 Exemption to be allowed even if not claimed in Income Tax Return Sneha Sarbhushan Read More
July 10, 2018 Unsold shops held as “stock in trade” are not subject to computation of notional annual letting value u/s. 23 of the Income Tax Act, 1961 Sneha Sarbhushan Read More
July 04, 2018 De-registration of Co-operative Society to form Public Trust Girish Mhatre Read More
July 02, 2018 Compensation received for alternate accommodation by the tenant from developer / owner in respect of redevelopment will attract GST Sneha Sarbhushan Read More
June 22, 2018 No addition of “on money” in hands of developers on presumption Sneha Sarbhushan Read More
August 16, 2017 Appellate Authorities can allow Additional Claims made by Assessee during the Proceedings Sanjuna Sudhakaran Read More