Knowledge Corner

Knowledge Corner - September 2020 - Issue 02

Knowledge Corner - September 2020 - Issue 02

Hon’ble Supreme Court held that Bangalore Club one of the oldest Club in Bangalore is not liable to pay Wealth Tax under the Wealth Tax Act. The Bangalore Club must be regarded to be an association of person for the purpose of tax evasion provision in the Wealth tax as opposed to a charging provision in the Income Tax Act. M/s Bangalore Club V. The Commissioner of Wealth Tax, Civil Appeal No. 3064-71of2007.

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Knowledge Corner - September 2020 - Issue 01

Knowledge Corner - September 2020 - Issue 01

Hon’ble Supreme Court says that an appeal before it against an order which has been passed by the National Consumer Dispute Redressal Commission in the course of execution proceedings is not maintainable under Sec.23 of the Consumer Protection Act. M/s Ambience Infrastructure Private Limited V. Ambience Island Apartment Owners, Civil Appeal No. 1213 - 1215 of 2017.

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Knowledge Corner - August 2020 - Issue 04

Knowledge Corner - August 2020 - Issue 04

Hon’ble Supreme Court held that an action instituted under Sec.31 of the Specific Relief Act, 1961 is not an action in rem, but an action in personam and therefore, arbitrable. Deccan Paper Mills Co. Ltd. V. Regency Mahavir Propertied & Co., 2020 SCC OnLine SC 655.

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Knowledge Corner - August 2020 - Issue 03

Knowledge Corner - August 2020 - Issue 03

Hon’ble Supreme Court held that the limitation period for application under Sec.7 of the Insolvency and Bankruptcy code is three years as provided by Art.137 of the Limitation Act, which commences from the date of default and is extendable only by application of Sec.5 of Limitation Act if any case condonation of delay is made out. Babulal Vardharji Gurji V. Veer Gurjar Aluminium Industries Pvt. Ltd. and Another, 2020 SCC OnLine SC 647.

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